Several other equities analysts also recently weighed in on AIG. Goldman Sachs assumed coverage on American International Group in a research report on Monday, December 4th. They set a neutral rating and a $61.00 price target for the company. Keefe, Bruyette & Woods reissued a buy rating and set a $76.00 price target on shares of American International Group in a research report on Friday, December 22nd. Credit Suisse Group set a $73.00 price target on American International Group and gave the stock a buy rating in a research report on Monday, January 22nd. Zacks Investment Research raised American International Group from a sell rating to a hold rating in a research report on Tuesday, January 2nd. Finally, Bank of America raised American International Group from a neutral rating to a buy rating and dropped their price target for the stock from $59.40 to $58.28 in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. American International Group presently has a consensus rating of Hold and an average target price of $66.16.
American International Group stock opened at $54.55 on Monday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.48. The firm has a market cap of $48,931.87, a price-to-earnings ratio of 24.20, a P/E/G ratio of 0.90 and a beta of 1.25. American International Group has a fifty-two week low of $52.42 and a fifty-two week high of $67.30.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Wednesday, March 14th. American International Group’s dividend payout ratio is currently 53.33%.
In other news, insider Claudine Macartney sold 2,052 shares of American International Group stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $59.61, for a total value of $122,319.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director W Don Cornwell sold 2,500 shares of American International Group stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $58.78, for a total value of $146,950.00. The disclosure for this sale can be found here. 0.52% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the stock. Bank of Nova Scotia Trust Co. acquired a new position in American International Group in the third quarter valued at $109,000. Stuart Chaussee & Associates Inc. acquired a new position in American International Group in the fourth quarter valued at $134,000. Chicago Partners Investment Group LLC acquired a new position in American International Group in the third quarter valued at $163,000. Dragon Financial & Investment Group LLC acquired a new position in American International Group in the fourth quarter valued at $201,000. Finally, Mycio Wealth Partners LLC acquired a new position in American International Group in the fourth quarter valued at $202,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.
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About American International Group
American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.
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