American International Group’s (AIG) Neutral Rating Reiterated at The Goldman Sachs Group

American International Group (NYSE:AIG)‘s stock had its “neutral” rating restated by research analysts at The Goldman Sachs Group in a report released on Wednesday, MarketBeat Ratings reports. They presently have a $79.00 price target on the insurance provider’s stock, down from their prior price target of $83.00. The Goldman Sachs Group’s price objective would suggest a potential upside of 8.94% from the company’s current price.

AIG has been the subject of a number of other reports. Jefferies Financial Group raised their price objective on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods dropped their price target on American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Bank of America lifted their price target on American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Royal Bank of Canada reissued an “outperform” rating and set a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. dropped their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $84.06.

American International Group Stock Performance

AIG opened at $72.52 on Wednesday. American International Group has a 12-month low of $66.06 and a 12-month high of $80.83. The stock has a market cap of $45.24 billion, a price-to-earnings ratio of -21.39, a PEG ratio of 7.30 and a beta of 1.06. The business has a 50 day moving average of $74.48 and a 200-day moving average of $74.80. 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 released 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 during the quarter, compared to analysts’ expectations of $6.62 billion. During the same period last year, the firm posted $1.61 earnings per share. On average, equities research analysts expect that American International Group will post 5.12 earnings per share for the current year.

Hedge Funds Weigh In On American International Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. One Wealth Capital Management LLC bought a new position in shares of American International Group in the 4th quarter valued at $288,000. Nordea Investment Management AB grew its position in American International Group by 5.0% during the 4th quarter. Nordea Investment Management AB now owns 58,894 shares of the insurance provider’s stock worth $4,283,000 after acquiring an additional 2,804 shares during the last quarter. GAMMA Investing LLC grew its position in American International Group by 9.3% during the 4th quarter. GAMMA Investing LLC now owns 11,118 shares of the insurance provider’s stock worth $809,000 after acquiring an additional 950 shares during the last quarter. Principal Financial Group Inc. grew its position in American International Group by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 734,460 shares of the insurance provider’s stock worth $53,785,000 after acquiring an additional 9,118 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in American International Group by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider’s stock worth $713,272,000 after acquiring an additional 457,821 shares during the last quarter. 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.