Wells Fargo Analysts Give American International Group (AIG) a $72.00 Price Target

Wells Fargo set a $72.00 price target on American International Group (NYSE:AIG) in a research note released on Monday. The brokerage currently has a buy rating on the insurance provider’s stock.

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.

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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.

American International Group (NYSE:AIG) last released its quarterly earnings results on Thursday, February 8th. The insurance provider reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.18). American International Group had a positive return on equity of 3.10% and a negative net margin of 12.62%. During the same period in the previous year, the company posted ($2.96) EPS. research analysts anticipate that American International Group will post 5.49 EPS for the current year.

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.

Analyst Recommendations for American International Group (NYSE:AIG)

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