American International Group (NYSE:AIG) Given New $86.00 Price Target at UBS Group

American International Group (NYSE:AIG) had its price objective decreased by UBS Group from $88.00 to $86.00 in a research note released on Tuesday,Benzinga reports. UBS Group currently has a buy rating on the insurance provider’s stock.

AIG has been the topic of a number of other reports. Keefe, Bruyette & Woods lifted their price objective on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $79.00 price objective (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. JPMorgan Chase & Co. cut their price objective on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a research report on Wednesday, November 6th. Finally, Morgan Stanley lifted their price objective on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $83.94.

American International Group Price Performance

AIG opened at $76.27 on Tuesday. The stock’s 50 day simple moving average is $73.60 and its 200 day simple moving average is $74.44. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. American International Group has a 1 year low of $68.15 and a 1 year high of $80.83. The firm has a market cap of $45.25 billion, a price-to-earnings ratio of -36.67, a PEG ratio of 0.98 and a beta of 1.05.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, analysts predict that American International Group will post 6.32 earnings per share for the current year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s payout ratio is -76.92%.

Insider Buying and Selling at American International Group

In related news, Director John G. Rice acquired 10,000 shares of the stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the purchase, the director now owns 10,000 shares of the company’s stock, valued at $770,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Duncker Streett & Co. Inc. bought a new position in shares of American International Group during the fourth quarter valued at $25,000. Asset Planning Inc bought a new position in shares of American International Group during the fourth quarter valued at $26,000. True Wealth Design LLC bought a new position in shares of American International Group during the third quarter valued at $29,000. BankPlus Trust Department bought a new position in shares of American International Group during the fourth quarter valued at $36,000. Finally, Continuum Advisory LLC lifted its holdings in shares of American International Group by 60.7% during the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

About American International Group

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.