Morgan Stanley Issues Positive Forecast for American International Group (NYSE:AIG) Stock Price

American International Group (NYSE:AIG) had its target price lifted by analysts at Morgan Stanley from $75.00 to $76.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the insurance provider’s stock. Morgan Stanley’s target price suggests a potential downside of 0.26% from the stock’s previous close.

Several other analysts also recently commented on AIG. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. Wells Fargo & Company increased their price objective on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods raised their price target on shares of American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, JPMorgan Chase & Co. decreased their price target on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $84.06.

American International Group Stock Down 0.9 %

Shares of NYSE:AIG opened at $76.20 on Friday. The firm has a 50 day simple moving average of $73.47 and a 200-day simple moving average of $74.49. American International Group has a twelve month low of $68.04 and a twelve month high of $80.83. The company has a market capitalization of $47.53 billion, a PE ratio of -22.53, a P/E/G ratio of 5.87 and a beta of 1.05. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last released its quarterly earnings results 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 6.19% and a positive return on equity of 8.63%. On average, equities analysts predict that American International Group will post 4.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AIG. Duncker Streett & Co. Inc. purchased a new position in shares of American International Group during the 4th quarter worth about $25,000. Asset Planning Inc purchased a new position in American International Group in the fourth quarter valued at approximately $26,000. True Wealth Design LLC purchased a new position in American International Group in the third quarter valued at approximately $29,000. BankPlus Trust Department purchased a new position in American International Group in the fourth quarter valued at approximately $36,000. Finally, Whipplewood Advisors LLC purchased a new position in American International Group in the fourth quarter valued at approximately $40,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

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.