American International Group (AIG) Coverage Initiated at Goldman Sachs Group

Equities research analysts at Goldman Sachs Group initiated coverage on shares of American International Group (NYSE:AIG) in a research note issued on Monday. The brokerage set a “neutral” rating on the insurance provider’s stock.

Several other analysts also recently commented on the company. Buckingham Research began coverage on American International Group in a research note on Monday, September 11th. They issued an “underperform” rating and a $52.00 target price for the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $73.00 price target on shares of American International Group in a research report on Wednesday, September 6th. Wells Fargo & Company set a $75.00 price target on shares of American International Group and gave the company a “buy” rating in a research report on Tuesday, October 17th. Barclays dropped their price target on shares of American International Group from $74.00 to $71.00 and set an “overweight” rating on the stock in a research report on Monday, October 16th. Finally, Bank of America cut shares of American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price target on the stock. in a research report on Friday, November 3rd. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. American International Group has a consensus rating of “Hold” and a consensus target price of $68.18.

Shares of American International Group (NYSE AIG) opened at $59.88 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.26 and a quick ratio of 0.26. The company has a market capitalization of $53,829.69, a PE ratio of 23.86, a PEG ratio of 1.97 and a beta of 1.17. American International Group has a 12 month low of $57.90 and a 12 month high of $67.47.

American International Group (NYSE:AIG) last issued its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($2.45). The firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.05 billion. American International Group had a negative net margin of 5.07% and a positive return on equity of 3.43%. During the same quarter in the prior year, the business earned $1.23 earnings per share. analysts anticipate that American International Group will post 2.76 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of AIG. Bank of Nova Scotia Trust Co. bought a new position in shares of American International Group during the 3rd quarter worth approximately $109,000. Peddock Capital Advisors LLC lifted its position in shares of American International Group by 100.0% during the 2nd quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock worth $159,000 after buying an additional 1,271 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of American International Group during the 3rd quarter worth approximately $163,000. Rational Advisors LLC lifted its position in shares of American International Group by 100.0% during the 3rd quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock worth $184,000 after buying an additional 1,500 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its position in shares of American International Group by 30.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock worth $192,000 after buying an additional 716 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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