American International Group’s (AIG) Neutral Rating Reiterated at The Goldman Sachs Group

American International Group (NYSE:AIG)‘s stock had its “neutral” rating reaffirmed by The Goldman Sachs Group in a report released on Wednesday, Marketbeat reports. They currently have a $79.00 target price on the insurance provider’s stock, down from their prior target price of $83.00. The Goldman Sachs Group’s price objective suggests a potential upside of 8.94% from the company’s current price.

A number of other research analysts also recently issued reports on AIG. UBS Group boosted their price objective on American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Bank of America boosted their price objective on American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. BMO Capital Markets downgraded American International Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $90.00 to $84.00 in a research note on Tuesday, October 15th. Evercore ISI dropped their price target on American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. dropped their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, American International Group presently has a consensus rating of “Hold” and a consensus price target of $84.06.

American International Group Stock Up 0.1 %

Shares of AIG opened at $72.52 on Wednesday. The company has a market capitalization of $45.24 billion, a PE ratio of -21.39, a PEG ratio of 7.30 and a beta of 1.06. American International Group has a 12 month low of $66.06 and a 12 month high of $80.83. The stock’s 50-day moving average price is $74.48 and its two-hundred day moving average price is $74.80. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. The company had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same period in the previous year, the business earned $1.61 EPS. On average, analysts anticipate that American International Group will post 5.12 EPS for the current year.

Institutional Trading of American International Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EagleClaw Capital Managment LLC grew its holdings in shares of American International Group by 0.5% in the third quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock valued at $2,225,000 after acquiring an additional 150 shares in the last quarter. Independent Advisor Alliance grew its holdings in shares of American International Group by 1.6% in the third quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider’s stock valued at $761,000 after acquiring an additional 161 shares in the last quarter. Graypoint LLC grew its holdings in shares of American International Group by 2.0% in the third quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock valued at $635,000 after acquiring an additional 167 shares in the last quarter. Commerce Bank grew its holdings in shares of American International Group by 1.0% in the third quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock valued at $1,262,000 after acquiring an additional 172 shares in the last quarter. Finally, Stablepoint Partners LLC grew its holdings in shares of American International Group by 1.0% in the third quarter. Stablepoint Partners LLC now owns 17,149 shares of the insurance provider’s stock valued at $1,256,000 after acquiring an additional 173 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

American International Group Company Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.