American International Group, Inc. (AIG) PT Lowered to $69.00

American International Group, Inc. (NYSE:AIG) had its price objective reduced by equities research analysts at Bank of America Corporation from $71.00 to $69.00 in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the insurance provider’s stock. Bank of America Corporation’s price target would indicate a potential upside of 11.58% from the stock’s previous close.

AIG has been the topic of a number of other research reports. BidaskClub lowered shares of American International Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Atlantic Securities lowered shares of American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a research note on Wednesday, August 9th. Zacks Investment Research lowered shares of American International Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. UBS AG cut their price objective on shares of American International Group from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Monday, October 2nd. Finally, Buckingham Research initiated coverage on shares of American International Group in a research note on Monday, September 11th. They issued an “underperform” rating and a $52.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. American International Group has an average rating of “Hold” and an average price target of $68.35.

American International Group (AIG) opened at 61.84 on Tuesday. The stock’s market cap is $55.87 billion. The stock’s 50 day moving average is $60.67 and its 200 day moving average is $62.20. American International Group has a 52 week low of $57.35 and a 52 week high of $67.47.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.33. The firm had revenue of $11.23 billion for the quarter, compared to analyst estimates of $12.61 billion. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. During the same quarter in the prior year, the business earned $0.98 earnings per share. Analysts predict that American International Group will post $3.60 EPS for the current year.

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Institutional investors and hedge funds have recently bought and sold shares of the business. Pathstone Family Office LLC lifted its holdings in American International Group by 2,557.1% during the second quarter. Pathstone Family Office LLC now owns 1,488 shares of the insurance provider’s stock valued at $2,227,000 after purchasing an additional 1,432 shares in the last quarter. Israel Discount Bank of New York purchased a new position in American International Group during the first quarter valued at $145,000. Peddock Capital Advisors LLC lifted its holdings in American International Group by 100.0% during the second quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock valued at $159,000 after purchasing an additional 1,271 shares in the last quarter. Chicago Partners Investment Group LLC lifted its holdings in American International Group by 0.5% during the first quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock valued at $165,000 after purchasing an additional 14 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its holdings in American International Group by 30.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock valued at $192,000 after purchasing an additional 716 shares in the last quarter. 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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