Keefe, Bruyette & Woods Issues Positive Forecast for American International Group (NYSE:AIG) Stock Price

American International Group (NYSE:AIG) had its price objective hoisted by Keefe, Bruyette & Woods from $87.00 to $90.00 in a report issued on Friday,Benzinga reports. They currently have an outperform rating on the insurance provider’s stock.

A number of other analysts have also recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. The Goldman Sachs Group restated a “neutral” rating and set a $79.00 target price (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Wells Fargo & Company boosted their target price on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 price target on shares of American International Group in a research note on Wednesday, November 6th. Finally, StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, American International Group presently has an average rating of “Hold” and an average target price of $84.06.

American International Group Stock Performance

NYSE:AIG opened at $74.27 on Friday. The stock has a market cap of $46.33 billion, a P/E ratio of -21.91, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05. The firm’s fifty day simple moving average is $73.47 and its 200 day simple moving average is $74.49. American International Group has a twelve month low of $68.04 and a twelve month high of $80.83. 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 (NYSE:AIG) last announced its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. As a group, research analysts predict that American International Group will post 4.89 EPS for the current year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Monday, March 17th. American International Group’s payout ratio is currently -47.20%.

Institutional Investors Weigh In On American International Group

Several hedge funds and other institutional investors have recently made changes to their positions in AIG. Duncker Streett & Co. Inc. purchased a new stake in shares of American International Group during the 4th quarter valued at about $25,000. Asset Planning Inc bought a new stake in American International Group during the 4th quarter worth approximately $26,000. True Wealth Design LLC bought a new stake in American International Group during the 3rd quarter worth approximately $29,000. BankPlus Trust Department purchased a new stake in American International Group during the 4th quarter valued at approximately $36,000. Finally, Whipplewood Advisors LLC purchased a new stake in American International Group during the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

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.