American International Group (NYSE:AIG) Given Neutral Rating at The Goldman Sachs Group

The Goldman Sachs Group reiterated their neutral rating on shares of American International Group (NYSE:AIG) in a research report sent to investors on Wednesday, MarketBeat reports. The brokerage currently has a $79.00 price objective on the insurance provider’s stock, down from their previous price objective of $83.00.

AIG has been the topic of a number of other reports. Wells Fargo & Company reduced their price objective on American International Group from $77.00 to $76.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. Jefferies Financial Group raised their price target on American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. UBS Group boosted their price objective on American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Bank of America raised their target price on shares of American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $84.06.

American International Group Price Performance

AIG opened at $71.32 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $44.49 billion, a P/E ratio of -21.04, a PEG ratio of 7.30 and a beta of 1.06. The stock has a 50-day moving average price of $74.37 and a 200-day moving average price of $74.78. American International Group has a 12-month low of $66.06 and a 12-month high of $80.83.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The firm had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same period in the previous year, the business posted $1.61 EPS. Equities analysts predict that American International Group will post 5.12 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 2.24%. American International Group’s payout ratio is -47.20%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AIG. Atlanta Consulting Group Advisors LLC purchased a new stake in American International Group in the third quarter worth $494,000. M&T Bank Corp boosted its holdings in shares of American International Group by 329.0% during the 3rd quarter. M&T Bank Corp now owns 98,964 shares of the insurance provider’s stock valued at $7,247,000 after buying an additional 75,894 shares in the last quarter. Intech Investment Management LLC grew its position in shares of American International Group by 15.8% in the 3rd quarter. Intech Investment Management LLC now owns 95,531 shares of the insurance provider’s stock worth $6,996,000 after buying an additional 13,028 shares during the period. GAMMA Investing LLC increased its stake in shares of American International Group by 9.3% in the 4th quarter. GAMMA Investing LLC now owns 11,118 shares of the insurance provider’s stock worth $809,000 after acquiring an additional 950 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in American International Group by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 734,460 shares of the insurance provider’s stock valued at $53,785,000 after acquiring an additional 9,118 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

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.