American International Group (NYSE:AIG) Given New $85.00 Price Target at Wells Fargo & Company

American International Group (NYSE:AIG) had its target price lowered by Wells Fargo & Company from $86.00 to $85.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the insurance provider’s stock.

Several other research firms also recently weighed in on AIG. Mizuho increased their target price on American International Group from $84.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday. UBS Group increased their target price on American International Group from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday. Piper Sandler reduced their target price on American International Group from $95.00 to $88.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Citigroup upped their price target on American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Bank of America dropped their price target on American International Group from $80.00 to $79.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.94.

American International Group Stock Performance

NYSE AIG opened at $77.67 on Wednesday. The business’s 50-day moving average price is $76.77 and its 200 day moving average price is $77.77. American International Group has a twelve month low of $71.25 and a twelve month high of $87.46. The company has a market capitalization of $41.18 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 0.76 and a beta of 0.53. The company has a current ratio of 0.65, a quick ratio of 0.61 and a debt-to-equity ratio of 0.23.

American International Group (NYSE:AIG) last released its earnings results on Thursday, April 30th. The insurance provider reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.22. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The firm had revenue of $7.02 billion for the quarter, compared to the consensus estimate of $7.03 billion. During the same period in the prior year, the business posted $1.17 earnings per share. On average, research analysts predict that American International Group will post 7.86 earnings per share for the current year.

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be issued a $0.50 dividend. This is a positive change from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. American International Group’s dividend payout ratio (DPR) is 31.75%.

Institutional Trading of American International Group

Several hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC acquired a new position in shares of American International Group during the 4th quarter valued at $1,091,000. Sivia Capital Partners LLC increased its position in shares of American International Group by 30.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock valued at $432,000 after purchasing an additional 1,185 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of American International Group during the 2nd quarter valued at $217,000. Ieq Capital LLC increased its position in shares of American International Group by 11.5% during the 2nd quarter. Ieq Capital LLC now owns 244,871 shares of the insurance provider’s stock valued at $20,958,000 after purchasing an additional 25,311 shares during the period. Finally, HUB Investment Partners LLC acquired a new position in shares of American International Group during the 2nd quarter valued at $269,000. Institutional investors own 90.60% of the company’s stock.

American International Group News Roundup

Here are the key news stories impacting American International Group this week:

• Positive Sentiment: Goldman Sachs raised its price target to $90 (from $87) and kept a “buy” rating — a bullish signal implying roughly a mid-teens upside and providing analyst support for the stock. Goldman Sachs PT Raise
• Positive Sentiment: Mizuho raised its price target to $86 (from $84) and left a “neutral” rating — a modest upward revision that signals incremental analyst confidence in AIG’s outlook. Mizuho PT Raise
• Positive Sentiment: AIG agreed to sell about 25 million Corebridge Financial (CRBG) shares — its remaining stake — for roughly $710 million, expected to close May 7. The transaction converts an equity holding into cash, reduces corporate complexity and strengthens liquidity/capital flexibility (uses of proceeds not detailed). AIG Corebridge Stake Sale
• Neutral Sentiment: Wells Fargo trimmed its price target slightly to $85 (from $86) and maintained an “equal weight” rating — a modest adjustment that is neither a strong negative nor a clear positive for the stock. Wells Fargo PT Cut

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.