Follow The Ratings: American Intl (NYSE:AIG) Investors: FBR & Co. Maintains “Mkt Perform” Rating, Sees $64/Share

November 28, 2016 - By Winifred Garcia

Follow The Ratings: American Intl (NYSE:AIG) Investors: FBR & Co. Maintains

American Intl (NYSE:AIG) Rating

Expert analysts at FBR & Co. have $64 target price on American Intl (NYSE:AIG). FBR & Co.’s target price gives a potential downside of -0.68% from the company’s last stock close price. The rating was revealed in an analyst report on Monday morning.

American International Group Inc (NYSE:AIG) Ratings Coverage

Out of 17 analysts covering American International Group (NYSE:AIG), 10 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 59% are positive. $80.0 is the highest target while $53 is the lowest. The $66.61 average target is 3.37% above today’s ($64.44) stock price. American International Group has been the topic of 37 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm earned “Market Perform” rating on Monday, August 22 by BMO Capital Markets. The rating was downgraded by FBR Capital to “Mkt Perform” on Friday, October 2. Wells Fargo upgraded the stock to “Outperform” rating in Tuesday, May 17 report. Citigroup maintained American International Group Inc (NYSE:AIG) rating on Wednesday, August 5. Citigroup has “Buy” rating and $73 price target. The stock has “Neutral” rating given by Credit Suisse on Friday, October 7. The stock of American International Group Inc (NYSE:AIG) has “Outperform” rating given on Tuesday, December 15 by Keefe Bruyette & Woods. RBC Capital Markets maintained American International Group Inc (NYSE:AIG) on Wednesday, August 5 with “Outperform” rating. The stock of American International Group Inc (NYSE:AIG) has “Neutral” rating given on Friday, February 12 by Credit Suisse. The firm has “Market Perform” rating by FBR Capital given on Friday, February 26. The firm has “Buy” rating given on Wednesday, March 30 by Janney Capital.

The stock increased 0.17% or $0.11 on November 25, hitting $64.44. American International Group Inc (NYSE:AIG) has risen 15.17% since April 25, 2016 and is uptrending. It has outperformed by 9.16% the S&P500.

Analysts await American International Group Inc (NYSE:AIG) to report earnings on February, 9. They expect $1.24 earnings per share, up 212.73% or $2.34 from last year’s $-1.1 per share. AIG’s profit will be $1.28B for 12.99 P/E if the $1.24 EPS becomes a reality. After $1.00 actual earnings per share reported by American International Group Inc for the previous quarter, Wall Street now forecasts 24.00% EPS growth.

Insitutional Activity: The institutional sentiment increased to 0.58 in Q2 2016. Its up 0.12, from 0.46 in 2016Q1. The ratio improved, as 88 funds sold all American International Group Inc shares owned while 419 reduced positions. 49 funds bought stakes while 184 increased positions. They now own 874.27 million shares or 6.79% less from 937.91 million shares in 2016Q1.

Voya Invest Management Ltd Liability last reported 0.07% of its portfolio in the stock. Sei Investments reported 501,871 shares or 0.16% of all its holdings. Fincl Advisers Ltd Liability Corp last reported 0.16% of its portfolio in the stock. The Florida-based Dreman Value Management L L C has invested 0.49% in American International Group Inc (NYSE:AIG). Addison Cap last reported 53,359 shares in the company. Blackrock holds 2.35M shares or 0.19% of its portfolio. Kanaly Tru has 9,933 shares for 0.11% of their US portfolio. Amalgamated Bancorporation, a New York-based fund reported 52,249 shares. Fayez Sarofim & has invested 0% of its portfolio in American International Group Inc (NYSE:AIG). Granite Inv Advsrs has invested 2.08% of its portfolio in American International Group Inc (NYSE:AIG). Swiss Savings Bank last reported 3.22 million shares in the company. Meiji Yasuda Life Ins Company accumulated 0.2% or 23,356 shares. Fourpoints Inv Managers Sas has 28,800 shares for 1.06% of their US portfolio. Engines Advsrs Limited Company holds 0.05% or 1,053 shares in its portfolio. First Personal Fincl Serv holds 1,395 shares or 0.03% of its portfolio.

American International Group, Inc. is an insurance company. The company has a market cap of $66.30 billion. The Firm provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to clients in over 100 countries and jurisdictions. It has a 121.13 P/E ratio. The Firm operates through two divisions: Commercial Insurance and Consumer Insurance, as well as a Corporate and Other category.

According to Zacks Investment Research, “American International Group, Inc., world leaders in insurance and financial services, is the leading international insurance organization with operations in more than one hundred thirty countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world.”

AIG Company Profile

American International Group, Inc. (AIG), incorporated on June 9, 1967, is an insurance company. The Firm provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to clients in over 100 countries and jurisdictions. The Firm operates through two divisions: Commercial Insurance and Consumer Insurance, as well as a Corporate and Other category. Commercial Insurance has three operating divisions: Property Casualty, Mortgage Guaranty and Institutional Markets. Consumer Insurance also has three operating divisions: Retirement, Life and Personal Insurance. The Company’s Corporate and Other includes the Company, as well as certain legacy assets and run-off insurance businesses. The Firm groups its insurance-related legal entities into two categories: Non-Life Insurance Companies and Life Insurance Companies. The Company’s Non-Life Insurance Companies include property casualty and mortgage guaranty companies, including National Union Fire Insurance Company of Pittsburgh, Pa. (National Union); American Home Assurance Company (American Home); Lexington Insurance Company (Lexington); Fuji Fire and Marine Insurance Company Limited (Fuji Fire); American Home Assurance Company, Ltd. (American Home Japan); AIG Asia Pacific Insurance, Pte, Ltd.; AIG Europe Limited, and United Guaranty Residential Insurance Company (UGRIC). Life Insurance Companies include American General Life Insurance Company (American General Life); The Variable Annuity Life Insurance Company (VALIC); The United States Life Insurance Company in the City of New York (U.S. Life), and AIG Fuji Life Insurance Company Limited (Fuji Life).

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