UBS Group Raises American International Group (NYSE:AIG) Price Target to $64.00

American International Group (NYSE:AIG) had its price target upped by analysts at UBS Group from $59.00 to $64.00 in a research note issued to investors on Friday, Stock Target Advisor reports. The firm presently has a “buy” rating on the insurance provider’s stock. UBS Group’s target price indicates a potential upside of 14.47% from the company’s previous close.

A number of other research firms have also commented on AIG. ValuEngine upgraded shares of American International Group from a “strong sell” rating to a “sell” rating in a research report on Thursday. Wells Fargo & Co restated a “buy” rating and set a $64.00 price target on shares of American International Group in a research report on Friday, November 1st. Royal Bank of Canada boosted their price target on shares of American International Group to $68.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. William Blair upgraded shares of American International Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 18th. Finally, Morgan Stanley restated a “buy” rating and set a $63.00 price target on shares of American International Group in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. American International Group currently has an average rating of “Buy” and a consensus target price of $59.20.

American International Group stock opened at $55.91 on Friday. American International Group has a 1-year low of $36.16 and a 1-year high of $58.66. The firm has a market capitalization of $47.68 billion, a price-to-earnings ratio of 47.79, a P/E/G ratio of 1.16 and a beta of 1.19. The company has a current ratio of 0.26, a quick ratio of 0.28 and a debt-to-equity ratio of 0.53. The firm has a 50 day simple moving average of $54.51 and a 200 day simple moving average of $53.56.

American International Group (NYSE:AIG) last released its quarterly earnings data on Friday, November 1st. The insurance provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.43). American International Group had a net margin of 3.56% and a return on equity of 4.17%. The business had revenue of $11.99 billion during the quarter, compared to analysts’ expectations of $12.03 billion. During the same quarter in the prior year, the firm posted ($0.34) earnings per share. On average, equities research analysts forecast that American International Group will post 4.63 EPS for the current year.

In other news, CEO Seraina Macia sold 7,550 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $56.00, for a total transaction of $422,800.00. Following the completion of the transaction, the chief executive officer now directly owns 11,055 shares in the company, valued at approximately $619,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pillar Pacific Capital Management LLC bought a new stake in shares of American International Group during the 2nd quarter worth $240,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of American International Group by 1.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,959,749 shares of the insurance provider’s stock worth $264,256,000 after acquiring an additional 58,996 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its holdings in shares of American International Group by 42.3% during the 2nd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 20,057 shares of the insurance provider’s stock worth $1,066,000 after acquiring an additional 5,960 shares during the last quarter. First Republic Investment Management Inc. lifted its holdings in shares of American International Group by 1.2% during the 2nd quarter. First Republic Investment Management Inc. now owns 250,317 shares of the insurance provider’s stock worth $13,337,000 after acquiring an additional 2,897 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in American International Group by 8.5% in the second quarter. Janus Henderson Group PLC now owns 291,972 shares of the insurance provider’s stock worth $15,554,000 after purchasing an additional 22,980 shares during the last quarter. 91.18% of the stock is owned by institutional investors.

American International Group Company Profile

American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.

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