American International Group (NYSE:AIG) Given “Neutral” Rating at The Goldman Sachs Group

The Goldman Sachs Group reaffirmed their neutral rating on shares of American International Group (NYSE:AIG) in a report issued on Wednesday morning, MarketBeat reports. The Goldman Sachs Group currently has a $79.00 target price on the insurance provider’s stock, down from their previous target price of $83.00.

Other analysts also recently issued research reports about the stock. BMO Capital Markets downgraded shares of American International Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $90.00 to $84.00 in a research report on Tuesday, October 15th. Evercore ISI decreased their price target on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods lowered their price objective on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Royal Bank of Canada restated an “outperform” rating and set a $87.00 price target on shares of American International Group in a research note on Wednesday, November 6th. Finally, StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, American International Group currently has an average rating of “Hold” and an average price target of $84.06.

American International Group Trading Down 1.7 %

AIG opened at $71.32 on Wednesday. The stock has a market cap of $44.49 billion, a PE ratio of -21.04, a price-to-earnings-growth ratio of 7.30 and a beta of 1.06. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group has a twelve month low of $66.06 and a twelve month high of $80.83. The company has a fifty day moving average of $74.37 and a 200-day moving average of $74.78.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The company had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the previous year, the business earned $1.61 EPS. On average, sell-side analysts predict that American International Group will post 5.12 EPS for the current year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Monday, December 16th. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in American International Group by 32.4% during the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock valued at $1,831,727,000 after buying an additional 6,119,996 shares during the period. Diamond Hill Capital Management Inc. raised its holdings in shares of American International Group by 5.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock valued at $1,002,163,000 after acquiring an additional 722,237 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of American International Group by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider’s stock valued at $713,272,000 after acquiring an additional 457,821 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of American International Group by 0.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 7,416,240 shares of the insurance provider’s stock valued at $543,091,000 after acquiring an additional 59,180 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of American International Group by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 6,435,245 shares of the insurance provider’s stock worth $477,802,000 after purchasing an additional 269,188 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

About American International Group

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.