Keefe, Bruyette & Woods Issues Positive Forecast for American International Group (NYSE:AIG) Stock Price

American International Group (NYSE:AIG) had its price objective lifted by equities research analysts at Keefe, Bruyette & Woods from $87.00 to $90.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 17.86% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and issued a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Wells Fargo & Company upped their price target 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. JPMorgan Chase & Co. lowered their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Finally, The Goldman Sachs Group reaffirmed 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. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $84.31.

American International Group Stock Down 0.6 %

American International Group stock opened at $76.36 on Friday. American International Group has a fifty-two week low of $68.04 and a fifty-two week high of $80.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $47.63 billion, a price-to-earnings ratio of -22.53, a PEG ratio of 5.87 and a beta of 1.05. The company’s 50 day simple moving average is $73.46 and its 200 day simple moving average is $74.48.

American International Group (NYSE:AIG) last announced its quarterly earnings results 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 positive return on equity of 8.63% and a negative net margin of 6.19%. As a group, sell-side analysts anticipate that American International Group will post 4.89 EPS for the current year.

Hedge Funds Weigh In On American International Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Duncker Streett & Co. Inc. bought a new stake in shares of American International Group during the 4th quarter worth about $25,000. Asset Planning Inc bought a new stake in shares of American International Group during the fourth quarter worth approximately $26,000. True Wealth Design LLC acquired a new position in shares of American International Group in the third quarter valued at approximately $29,000. BankPlus Trust Department bought a new position in shares of American International Group during the fourth quarter worth approximately $36,000. Finally, Whipplewood Advisors LLC bought a new stake in American International Group in the 4th quarter valued at $40,000. 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.