American International Group (NYSE:AIG) had its price objective decreased by Morgan Stanley from $65.00 to $53.00 in a research note published on Tuesday morning. Morgan Stanley currently has a buy rating on the insurance provider’s stock.

A number of other analysts have also issued reports on AIG. Deutsche Bank decreased their target price on shares of American International Group from $54.00 to $52.00 and set a hold rating on the stock in a research report on Monday, October 22nd. Wells Fargo & Co set a $62.00 target price on shares of American International Group and gave the stock a buy rating in a research report on Thursday, October 18th. JPMorgan Chase & Co. set a $63.00 target price on shares of American International Group and gave the stock a hold rating in a research report on Sunday, August 5th. Zacks Investment Research upgraded shares of American International Group from a sell rating to a hold rating in a research report on Thursday, August 9th. Finally, Argus decreased their target price on shares of American International Group from $63.00 to $58.00 and set a buy rating on the stock in a research report on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $60.71.

Shares of AIG traded down $0.43 during mid-day trading on Tuesday, reaching $43.82. 5,399,978 shares of the company’s stock were exchanged, compared to its average volume of 9,726,040. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.26 and a quick ratio of 0.28. American International Group has a 52-week low of $39.29 and a 52-week high of $65.05. The stock has a market cap of $39.30 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 1.45 and a beta of 1.46.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, October 31st. The insurance provider reported ($0.34) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.40). American International Group had a positive return on equity of 3.44% and a negative net margin of 12.73%. The business had revenue of $12 billion for the quarter, compared to analysts’ expectations of $12.44 billion. During the same period last year, the business earned ($1.22) earnings per share. On average, equities analysts expect that American International Group will post 2.78 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Wednesday, December 12th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, December 11th. This represents a $1.28 dividend on an annualized basis and a yield of 2.92%. American International Group’s dividend payout ratio (DPR) is currently 53.33%.

A number of hedge funds and other institutional investors have recently made changes to their positions in AIG. IFM Investors Pty Ltd boosted its holdings in shares of American International Group by 47.2% in the 2nd quarter. IFM Investors Pty Ltd now owns 40,628 shares of the insurance provider’s stock valued at $2,154,000 after purchasing an additional 13,035 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of American International Group by 5.4% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 47,088 shares of the insurance provider’s stock valued at $2,497,000 after purchasing an additional 2,400 shares during the last quarter. Hexavest Inc. acquired a new position in shares of American International Group in the 2nd quarter valued at $247,000. State of Alaska Department of Revenue boosted its holdings in shares of American International Group by 27.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 147,667 shares of the insurance provider’s stock valued at $7,827,000 after purchasing an additional 31,690 shares during the last quarter. Finally, Raymond James Trust N.A. boosted its holdings in shares of American International Group by 17.8% in the 2nd quarter. Raymond James Trust N.A. now owns 7,485 shares of the insurance provider’s stock valued at $396,000 after purchasing an additional 1,130 shares during the last quarter. Hedge funds and other institutional investors own 89.24% of the company’s stock.

American International Group Company Profile

American International Group, Inc provides insurance products for commercial, institutional, and individual customers primarily in the United States, Europe, and Japan. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, and marine insurance.

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Analyst Recommendations for American International Group (NYSE:AIG)

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