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.
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.
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