Keefe, Bruyette & Woods Reaffirms “Buy” Rating for American International Group (AIG)

American International Group (NYSE:AIG)‘s stock had its “buy” rating reiterated by equities research analysts at Keefe, Bruyette & Woods in a research report issued on Wednesday. They currently have a $74.00 price target on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 23.27% from the company’s previous close.

Several other brokerages also recently weighed in on AIG. Bank of America downgraded shares of American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price objective on the stock. in a research report on Friday, November 3rd. Zacks Investment Research cut shares of American International Group from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Deutsche Bank reissued a “sell” rating and set a $60.00 target price (up previously from $57.00) on shares of American International Group in a research note 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 target price on the stock. in a research note on Wednesday, August 9th. Finally, Wells Fargo & Company set a $75.00 target price on shares of American International Group and gave the company a “buy” rating in a research note on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $67.70.

Shares of American International Group (NYSE:AIG) traded up $0.50 during trading hours on Wednesday, reaching $60.03. 4,234,369 shares of the company traded hands, compared to its average volume of 5,880,774. The company has a market cap of $53,272.33, a P/E ratio of 23.61, a PEG ratio of 1.95 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. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.26 and a current ratio of 0.26.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share 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 the consensus estimate 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. sell-side analysts anticipate that American International Group will post 2.76 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Pathstone Family Office LLC grew its stake in shares of American International Group by 2,557.1% in the 2nd quarter. Pathstone Family Office LLC now owns 1,488 shares of the insurance provider’s stock worth $2,227,000 after purchasing an additional 1,432 shares during the last quarter. Bank of Nova Scotia Trust Co. acquired a new position in shares of American International Group in the 3rd quarter worth approximately $109,000. Peddock Capital Advisors LLC grew its stake in shares of American International Group by 100.0% in the 2nd quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock worth $159,000 after purchasing an additional 1,271 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of American International Group in the 3rd quarter worth approximately $163,000. Finally, Rational Advisors LLC grew its stake in shares of American International Group by 100.0% in the 3rd quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock worth $184,000 after purchasing an additional 1,500 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Keefe, Bruyette & Woods Reaffirms “Buy” Rating for American International Group (AIG)” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://www.com-unik.info/2017/12/06/keefe-bruyette-woods-reaffirms-buy-rating-for-american-international-group-aig.html.

About American International Group

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)

What are top analysts saying about American International Group Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for American International Group Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit