American International Group Inc (AIG) Stock Rating Lowered by ValuEngine

American International Group Inc (NYSE:AIG) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Several other equities research analysts have also recently issued reports on AIG. Buckingham Research assumed coverage on shares of American International Group in a research note on Monday, September 11th. They set an “underperform” rating and a $52.00 price target on the stock. Zacks Investment Research raised shares of American International Group from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Wednesday, July 5th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $73.00 price target on shares of American International Group in a research note on Wednesday, September 6th. BidaskClub cut shares of American International Group from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of American International Group in a research note on Wednesday, July 5th. Three analysts have rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. American International Group currently has a consensus rating of “Hold” and a consensus target price of $68.35.

American International Group (NYSE:AIG) opened at 61.78 on Wednesday. The stock’s market capitalization is $55.81 billion. American International Group has a 52 week low of $57.35 and a 52 week high of $67.47. The firm’s 50-day moving average is $60.65 and its 200-day moving average is $62.21.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.33. The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $12.61 billion. American International Group had a net margin of 8.84% and a return on equity of 6.09%. During the same period in the prior year, the company earned $0.98 EPS. On average, equities research analysts predict that American International Group will post $4.42 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in AIG. Waldron LP acquired a new stake in shares of American International Group in the first quarter worth approximately $208,000. Chicago Partners Investment Group LLC boosted its position in shares of American International Group by 0.5% in the first quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock worth $165,000 after acquiring an additional 14 shares during the last quarter. LMR Partners LLP boosted its position in shares of American International Group by 407.0% in the first quarter. LMR Partners LLP now owns 95,097 shares of the insurance provider’s stock worth $5,937,000 after acquiring an additional 76,340 shares during the last quarter. ZWJ Investment Counsel Inc. boosted its position in shares of American International Group by 381.7% in the first quarter. ZWJ Investment Counsel Inc. now owns 15,382 shares of the insurance provider’s stock worth $960,000 after acquiring an additional 12,189 shares during the last quarter. Finally, Vivaldi Capital Management LLC acquired a new stake in shares of American International Group in the first quarter worth approximately $7,766,292,000. 83.98% of the stock is currently owned by institutional investors and hedge funds.

American International Group Company Profile

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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