American International Group (NYSE:AIG) Upgraded by Hsbc Global Res to Strong-Buy Rating

Hsbc Global Res upgraded shares of American International Group (NYSE:AIG) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning,Zacks.com reports.

Several other brokerages have also recently weighed in on AIG. StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $87.00 target price on shares of American International Group in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods raised their target price on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Wells Fargo & Company raised their target price on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. decreased their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.38.

American International Group Stock Performance

NYSE:AIG opened at $81.49 on Wednesday. The stock has a fifty day moving average price of $75.02 and a 200-day moving average price of $74.96. The company has a market cap of $48.35 billion, a price-to-earnings ratio of -39.18, a PEG ratio of 1.01 and a beta of 0.98. 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 has a fifty-two week low of $69.00 and a fifty-two week high of $83.77.

American International Group (NYSE:AIG) last posted its 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 4.25% and a positive return on equity of 8.01%. As a group, equities analysts anticipate that American International Group will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.96%. American International Group’s dividend payout ratio (DPR) is currently -76.92%.

Insider Buying and Selling

In other American International Group news, Director John G. Rice purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $770,000. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is currently owned by corporate insiders.

Institutional Trading of American International Group

A number of large investors have recently bought and sold shares of the company. Duncker Streett & Co. Inc. purchased a new position in shares of American International Group in the fourth quarter valued at $25,000. Asset Planning Inc purchased a new position in shares of American International Group in the fourth quarter valued at $26,000. Ameriflex Group Inc. purchased a new position in shares of American International Group in the fourth quarter valued at $29,000. True Wealth Design LLC purchased a new position in shares of American International Group in the third quarter valued at $29,000. Finally, BankPlus Trust Department purchased a new position in shares of American International Group in the fourth quarter valued at $36,000. 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.