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

American International Group (NYSE:AIG) had its price target increased by UBS Group from $100.00 to $103.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the insurance provider’s stock. UBS Group‘s price target indicates a potential upside of 25.20% from the company’s previous close.

AIG has been the topic of several other reports. Wall Street Zen raised shares of American International Group from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reissued a “buy (b-)” rating on shares of American International Group in a report on Tuesday, September 29th. Barclays boosted their price objective on shares of American International Group from $80.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Wells Fargo & Company upped their price objective on American International Group from $83.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, November 5th. Finally, Keefe, Bruyette & Woods reduced their price objective on American International Group from $96.00 to $90.00 and set an “outperform” rating on the stock in a report on Monday, October 12th. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $88.00.

American International Group Price Performance

NYSE AIG traded up $2.64 on Tuesday, hitting $82.27. 1,957,731 shares of the company were exchanged, compared to its average volume of 4,300,837. American International Group has a 1-year low of $71.25 and a 1-year high of $87.29. The firm has a 50 day moving average of $77.51 and a two-hundred day moving average of $76.98. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. The company has a market cap of $43.02 billion, a P/E ratio of 13.40, a P/E/G ratio of 0.85 and a beta of 0.48.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Tuesday, November 3rd. The insurance provider reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.18. American International Group had a net margin of 11.86% and a return on equity of 10.73%. The firm had revenue of $7.44 billion during the quarter, compared to analysts’ expectations of $7.42 billion. During the same quarter last year, the company posted $2.20 EPS. On average, equities analysts predict that American International Group will post 8.10 EPS for the current year.

Insider Buying and Selling at American International Group

In related news, insider Peter Zaffino sold 200,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $76.47, for a total transaction of $15,294,000.00. Following the sale, the insider directly owned 592,833 shares in the company, valued at $45,333,939.51. This trade represents a 25.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On American International Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in shares of American International Group by 6.9% in the second quarter. Wellington Management Group LLP now owns 30,331,704 shares of the insurance provider’s stock valued at $2,260,622,000 after purchasing an additional 1,961,270 shares in the last quarter. State Street Corp grew its holdings in shares of American International Group by 0.8% during the second quarter. State Street Corp now owns 25,115,416 shares of the insurance provider’s stock worth $1,871,852,000 after buying an additional 196,969 shares in the last quarter. Bank of New York Mellon Corp raised its position in American International Group by 6.1% in the 1st quarter. Bank of New York Mellon Corp now owns 8,237,375 shares of the insurance provider’s stock valued at $619,862,000 after buying an additional 474,035 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in American International Group in the 2nd quarter valued at approximately $464,539,000. Finally, Dimensional Fund Advisors LP raised its position in American International Group by 5.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,142,278 shares of the insurance provider’s stock valued at $462,147,000 after buying an additional 303,201 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Company Profile

American International Group, Inc. (AIG) is a global insurance company headquartered in New York. Founded in Shanghai in 1919, the company has grown into an insurer serving businesses and individuals in the United States and international markets. AIG’s principal business is general insurance, including commercial and personal property and casualty coverage. Its offerings include products and services for businesses, multinational organizations and individuals, with coverage spanning areas such as property, liability, accident and specialty risks.