Trading Report: Today: FBR & Co Increases American International Group Inc. (AIG) Price Target to $64.00

Today: FBR & Co Increases American International Group Inc. (AIG) Price Target to $64.00

American International Group Inc. (NYSE:AIG) had its price objective increased by FBR & Co from $57.00 to $64.00 in a research note issued on Monday, StockTargetPrices.com reports. The firm presently has a “mkt perform” rating on the insurance provider’s stock. FBR & Co’s price target would indicate a potential downside of 0.68% from the company’s current price.

Other analysts have also issued reports about the stock. Credit Suisse Group AG set a $61.00 target price on shares of American International Group and gave the company a “hold” rating in a research note on Sunday, November 20th. Vetr lowered shares of American International Group from a “strong-buy” rating to a “buy” rating and set a $67.85 target price for the company. in a research note on Wednesday, November 9th. JPMorgan Chase & Co. reissued a “hold” rating and set a $65.00 target price on shares of American International Group in a research note on Thursday, November 3rd. Zacks Investment Research lowered shares of American International Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 6th. Finally, TheStreet raised shares of American International Group from a “hold” rating to a “buy” rating in a research note on Monday, October 10th. Seven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $65.62.

Shares of American International Group (NYSE:AIG) opened at 64.44 on Monday. The stock has a market capitalization of $66.19 billion, a PE ratio of 209.90 and a beta of 1.37. The stock’s 50 day moving average is $61.40 and its 200 day moving average is $57.78. American International Group has a 52 week low of $48.41 and a 52 week high of $64.72.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, November 2nd. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.02. American International Group had a net margin of 0.66% and a return on equity of 1.82%. During the same period in the previous year, the firm earned $0.52 earnings per share. Analysts anticipate that American International Group will post $3.77 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Thursday, December 8th will be given a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, December 6th. This represents a $1.28 annualized dividend and a yield of 1.99%. American International Group’s dividend payout ratio is 290.92%.

A number of hedge funds have recently bought and sold shares of the company. FNY Managed Accounts LLC bought a new stake in American International Group during the third quarter valued at about $131,000. Chicago Partners Investment Group LLC raised its stake in American International Group by 0.6% in the second quarter. Chicago Partners Investment Group LLC now owns 2,601 shares of the insurance provider’s stock valued at $138,000 after buying an additional 16 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its stake in American International Group by 0.5% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 3,303 shares of the insurance provider’s stock valued at $175,000 after buying an additional 17 shares in the last quarter. Rikoon Group LLC bought a new stake in American International Group during the third quarter valued at about $206,000. Finally, Norman Fields Gottscho Capital Management LLC bought a new stake in American International Group during the third quarter valued at about $208,000. Institutional investors own 82.98% of the company’s stock.

American International Group Company Profile

American International Group, Inc (AIG) is an insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in over 100 countries and jurisdictions. The Company operates through two segments: Commercial Insurance and Consumer Insurance, as well as a Corporate and Other category.

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