American International Group (NYSE:AIG) Trading 3% Higher – Should You Buy?

American International Group, Inc. (NYSE:AIG)’s stock price was up 3% on Monday . The company traded as high as $86.37 and last traded at $86.12. Approximately 971,610 shares were traded during trading, a decline of 78% from the average daily volume of 4,320,846 shares. The stock had previously closed at $83.62.

Analysts Set New Price Targets

AIG has been the topic of several recent analyst reports. Wells Fargo & Company raised their target price on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. The Goldman Sachs Group raised their price objective on American International Group from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Tuesday. HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research note on Wednesday, March 5th. Keefe, Bruyette & Woods increased their price target on American International Group from $90.00 to $98.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Morgan Stanley increased their price target on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.00.

American International Group Price Performance

The firm has a market cap of $51.43 billion, a PE ratio of -41.68, a P/E/G ratio of 1.01 and a beta of 0.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The business’s fifty day moving average is $79.00 and its 200-day moving average is $76.15.

American International Group (NYSE:AIG) last released its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. On average, research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Monday, March 17th. American International Group’s dividend payout ratio (DPR) is -76.92%.

Insider Transactions at American International Group

In other American International Group news, Director John G. Rice bought 10,000 shares of American International Group stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by insiders.

Institutional Trading of American International Group

Hedge funds have recently added to or reduced their stakes in the business. Duncker Streett & Co. Inc. purchased a new position in shares of American International Group in the fourth quarter worth about $25,000. Asset Planning Inc bought a new position in American International Group during the 4th quarter worth approximately $26,000. Ameriflex Group Inc. bought a new position in American International Group during the 4th quarter worth approximately $29,000. BankPlus Trust Department purchased a new position in American International Group in the 4th quarter worth approximately $36,000. Finally, Continuum Advisory LLC lifted its position in American International Group by 60.7% in 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 during the last quarter. 90.60% of the stock is owned by institutional investors.

American International Group Company Profile

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.