Rating Watching: FBR & Co. Keeps “Mkt Perform” Rating for American International Group (NYSE:AIG) Stock

November 28, 2016 - By Linda Rogers

Rating Watching: FBR & Co. Keeps

American International Group (NYSE:AIG) Rating

American International Group (NYSE:AIG) stock “Mkt Perform” was maintained at FBR & Co. in a research report released 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 stock of American International Group Inc (NYSE:AIG) earned “Mkt Perform” rating by FBR Capital on Tuesday, May 10. The firm has “Underperform” rating given on Wednesday, November 4 by Avondale. Standpoint Research upgraded American International Group Inc (NYSE:AIG) on Tuesday, January 19 to “Buy” rating. As per Wednesday, August 5, the company rating was maintained by S&P Research. BMO Capital Markets maintained the stock with “Market Perform” rating in Monday, August 22 report. The rating was maintained by Deutsche Bank on Thursday, August 11 with “Hold”. The stock of American International Group Inc (NYSE:AIG) earned “Neutral” rating by Atlantic Securities on Tuesday, March 22. The company was initiated on Friday, October 7 by Credit Suisse. The company was downgraded on Wednesday, February 3 by William Blair. The firm has “Neutral” rating given on Tuesday, March 29 by Credit Suisse.

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 EPS, up 212.73% or $2.34 from last year’s $-1.1 per share. AIG’s profit will be $1.28 billion for 12.99 P/E if the $1.24 EPS becomes a reality. After $1.00 actual EPS 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.

Gotham Asset Mngmt Limited Liability Company holds 70,044 shares or 0.04% of its portfolio. Gamco Invsts Et Al holds 233,772 shares or 0.08% of its portfolio. Hgk Asset Mgmt owns 276,812 shares or 2.19% of their US portfolio. Moreover, Mcf Advisors Ltd Liability has 0.01% invested in American International Group Inc (NYSE:AIG) for 1,034 shares. Sii Investments Wi reported 4,276 shares or 0.02% of all its holdings. Moreover, Stephens Ar has 0.02% invested in American International Group Inc (NYSE:AIG) for 7,680 shares. Aviance Capital Mgmt Llc last reported 0.3% of its portfolio in the stock. Paloma Prns Co holds 0.11% of its portfolio in American International Group Inc (NYSE:AIG) for 183,877 shares. First Allied Advisory Service Inc last reported 0.02% of its portfolio in the stock. Lombardia Cap Lc last reported 0.01% of its portfolio in the stock. Gmt holds 0.97% or 756,500 shares in its portfolio. Ig Invest reported 1.93 million shares or 0.4% of all its holdings. Spindletop Cap Llc has 280,000 shares for 22.48% of their US portfolio. Intact Invest Mgmt holds 16,300 shares or 0.03% of its portfolio. Sequoia Fincl Advsrs Limited Co reported 4,108 shares or 0.06% of all its holdings.

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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