American International Group (AIG) Given Buy Rating at Keefe, Bruyette & Woods

American International Group (NYSE:AIG)‘s stock had its “buy” rating reaffirmed by investment analysts at Keefe, Bruyette & Woods in a report released on Friday. They currently have a $76.00 price target on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 28.14% from the company’s current price.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company set a $75.00 price target on shares of American International Group and gave the stock a “buy” rating in a report on Tuesday, October 17th. Royal Bank of Canada reissued a “buy” rating and issued a $73.00 price objective on shares of American International Group in a research note on Wednesday, September 6th. Morgan Stanley reissued a “buy” rating on shares of American International Group in a research note on Tuesday, October 10th. Bank of America reduced their price objective on shares of American International Group from $71.00 to $69.00 and set a “buy” rating for the company in a research note on Tuesday, October 10th. Finally, ValuEngine cut shares of American International Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $67.81.

Shares of American International Group (NYSE AIG) opened at $59.31 on Friday. 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 stock has a market capitalization of $54,010.00, a P/E ratio of -23.82, a P/E/G ratio of 1.98 and a beta of 1.17. American International Group has a 12 month low of $57.85 and a 12 month high of $67.47.

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

Several hedge funds have recently added to or reduced their stakes in AIG. Pathstone Family Office LLC lifted its position in American International Group by 2,557.1% in the second quarter. Pathstone Family Office LLC now owns 1,488 shares of the insurance provider’s stock valued at $2,227,000 after buying an additional 1,432 shares during the last quarter. Bank of Nova Scotia Trust Co. acquired a new stake in shares of American International Group during the third quarter worth $109,000. Chicago Partners Investment Group LLC acquired a new stake in shares of American International Group during the third quarter worth $163,000. Rational Advisors LLC lifted its holdings in shares of American International Group by 100.0% during the third 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 period. Finally, Bronfman E.L. Rothschild L.P. lifted its holdings in shares of American International Group by 30.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock worth $192,000 after purchasing an additional 716 shares during the period. Hedge funds and other institutional investors own 85.87% of the company’s stock.

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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)

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