American International Group (NYSE:AIG) Given Neutral Rating at JPMorgan Chase & Co.

American International Group (NYSE:AIG)‘s stock had its “neutral” rating reiterated by investment analysts at JPMorgan Chase & Co. in a report released on Tuesday,Benzinga reports. They presently have a $91.00 target price on the insurance provider’s stock, up from their previous target price of $83.00. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 17.15% from the company’s previous close.

AIG has been the subject of several other research reports. Barclays raised their target price on shares of American International Group from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 2nd. The Goldman Sachs Group lifted 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, April 1st. Hsbc Global Res upgraded American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods raised their price target on American International Group from $90.00 to $98.00 and gave the company an “outperform” rating in a report on Tuesday, April 1st. Finally, HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a report on Wednesday, March 5th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $87.59.

American International Group Price Performance

Shares of NYSE:AIG opened at $77.68 on Tuesday. American International Group has a one year low of $69.00 and a one year high of $88.07. The stock has a market capitalization of $46.09 billion, a price-to-earnings ratio of -37.35, a PEG ratio of 1.01 and a beta of 0.63. The company has a 50-day simple moving average of $79.63 and a 200-day simple moving average of $76.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate 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, analysts predict that American International Group will post 6.24 EPS for the current year.

Insider Transactions at American International Group

In related news, Director John G. Rice bought 10,000 shares of the stock in a transaction on Thursday, February 13th. The shares were purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On American International Group

A number of institutional investors have recently made changes to their positions in the stock. Duncker Streett & Co. Inc. purchased a new position in shares of American International Group during the fourth quarter valued at approximately $25,000. Asset Planning Inc acquired a new position in American International Group in the fourth quarter valued at $26,000. Ameriflex Group Inc. acquired a new position in American International Group in the fourth quarter valued at $29,000. BankPlus Trust Department acquired a new stake in American International Group in the 4th quarter worth about $36,000. Finally, Continuum Advisory LLC boosted its stake in American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after buying an additional 207 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

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.