American International Group (NYSE:AIG) Price Target Lowered to $92.00 at Barclays

American International Group (NYSE:AIG) had its target price decreased by Barclays from $98.00 to $92.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the insurance provider’s stock. Barclays‘s target price indicates a potential upside of 11.79% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Evercore ISI upped their target price on American International Group from $81.00 to $89.00 and gave the company an “in-line” rating in a research note on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft upped their price objective on American International Group to $91.00 and gave the company a “buy” rating in a research report on Wednesday, April 2nd. Wells Fargo & Company decreased their target price on American International Group from $82.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday. HSBC upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a report on Wednesday, March 5th. Finally, Hsbc Global Res upgraded shares of American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, American International Group has a consensus rating of “Moderate Buy” and a consensus price target of $87.65.

American International Group Trading Up 1.2 %

AIG traded up $0.95 during trading on Friday, reaching $82.30. The company had a trading volume of 1,772,912 shares, compared to its average volume of 4,449,028. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The business has a 50 day simple moving average of $80.22 and a 200-day simple moving average of $76.60. The stock has a market cap of $49.01 billion, a P/E ratio of -39.61, a PEG ratio of 1.01 and a beta of 0.63. American International Group has a 52 week low of $69.00 and a 52 week high of $88.07.

American International Group (NYSE:AIG) last released its 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%. On average, equities analysts anticipate that American International Group will post 6.24 EPS for the current fiscal year.

Insider Activity at American International Group

In other American International Group news, Director John G. Rice purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were bought 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 acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

Institutional Trading of American International Group

Several large investors have recently made changes to their positions in AIG. Norges Bank acquired a new stake in American International Group during the 4th quarter worth about $718,013,000. Balyasny Asset Management L.P. purchased a new stake in shares of American International Group in the fourth quarter worth about $135,325,000. Wellington Management Group LLP grew its holdings in American International Group by 7.2% during the fourth quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider’s stock worth $1,951,427,000 after acquiring an additional 1,791,964 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its position in American International Group by 2,134.0% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,426,985 shares of the insurance provider’s stock valued at $103,885,000 after acquiring an additional 1,363,108 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in American International Group in the fourth quarter valued at approximately $95,074,000. 90.60% of the stock is owned by hedge funds and other 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.