American International Group, Inc. (AIG) Price Target Cut to $64.00 by Analysts at UBS AG

American International Group, Inc. (NYSE:AIG) had its price objective decreased by UBS AG from $65.00 to $64.00 in a research report report published on Tuesday. UBS AG currently has a neutral rating on the insurance provider’s stock.

AIG has been the subject of a number of other research reports. Buckingham Research began coverage on shares of American International Group in a research report on Monday, September 11th. They issued an underperform rating and a $52.00 price objective for the company. Deutsche Bank AG restated a sell rating and issued a $60.00 price objective (up previously from $57.00) on shares of American International Group in a research report on Wednesday, August 9th. Atlantic Securities cut shares of American International Group from an overweight rating to a neutral rating and set a $70.00 price objective for the company. in a research report on Wednesday, August 9th. BidaskClub cut shares of American International Group from a sell rating to a strong sell rating in a research report on Friday, August 25th. Finally, Keefe, Bruyette & Woods restated a buy rating and issued a $75.00 price objective on shares of American International Group in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. American International Group presently has an average rating of Hold and an average target price of $67.96.

Shares of American International Group (NYSE:AIG) opened at 59.49 on Tuesday. The firm’s market cap is $53.74 billion. The stock has a 50 day moving average price of $61.67 and a 200 day moving average price of $62.35. American International Group has a 12 month low of $57.35 and a 12 month high of $67.47.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.33. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. The business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $12.61 billion. During the same quarter in the prior year, the company earned $0.98 EPS. On average, equities research analysts expect that American International Group will post $5.27 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.15%. American International Group’s dividend payout ratio is -711.07%.

Several institutional investors have recently bought and sold shares of the company. Intl Fcstone Inc. acquired a new position in shares of American International Group during the 2nd quarter worth about $419,000. Lord Abbett & CO. LLC boosted its stake in shares of American International Group by 169.5% during the 2nd quarter. Lord Abbett & CO. LLC now owns 639,599 shares of the insurance provider’s stock worth $39,987,000 after buying an additional 402,261 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of American International Group by 13.7% during the 2nd quarter. Toronto Dominion Bank now owns 350,805 shares of the insurance provider’s stock worth $21,933,000 after buying an additional 42,179 shares during the last quarter. U S Global Investors Inc. boosted its stake in shares of American International Group by 101.8% during the 2nd quarter. U S Global Investors Inc. now owns 7,265 shares of the insurance provider’s stock worth $454,000 after buying an additional 3,665 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new position in shares of American International Group during the 2nd quarter worth about $826,000. Institutional investors own 83.97% of the company’s stock.

American International Group Company Profile

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

Analyst Recommendations for American International Group (NYSE:AIG)

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