Ratings Change: American Intl (NYSE:AIG) Stock “Mkt Perform” Rating Reconfirmed at FBR & Co.; The Target Price per Share Given is $64.0

November 28, 2016 - By Dolores Ford

Ratings Change: American Intl (NYSE:AIG) Stock

American Intl (NYSE:AIG) Rating

In an analyst report revealed to investors on Monday, 28 November, American Intl (NYSE:AIG) stock had its “Mkt Perform” Rating reconfirmed by stock analysts at FBR & Co.. They currently have a $64.0 target on firm. FBR & Co.’s target gives a potential downside of -0.68% from the company’s close price.

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. On Wednesday, November 4 the stock rating was downgraded by Atlantic Securities to “Underweight”. The company was downgraded on Friday, October 2 by FBR Capital. The stock of American International Group Inc (NYSE:AIG) has “Buy” rating given on Thursday, March 24 by Argus Research. William Blair downgraded the stock to “Market Perform” rating in Wednesday, February 3 report. The firm has “Outperform” rating given on Tuesday, May 17 by Wells Fargo. The firm has “Neutral” rating by Atlantic Securities given on Tuesday, March 22. As per Thursday, October 29, the company rating was maintained by S&P Research. As per Tuesday, May 10, the company rating was maintained by FBR Capital. As per Monday, November 23, the company rating was downgraded by Standpoint Research. Barclays Capital maintained it with “Overweight” rating and $60 target price in Friday, February 12 report.

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 increased, 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.

Proshare Ltd has 259,764 shares for 0.18% of their US portfolio. Reliance Tru Of Delaware accumulated 0.05% or 11,445 shares. Grt Ptnrs Lc accumulated 0.34% or 25,971 shares. Aberdeen Asset Management Public Ltd Limited Liability Company Uk holds 0.31% or 1.59 million shares in its portfolio. Hudock Cap Gp Ltd Llc accumulated 0.01% or 505 shares. The Connecticut-based Euclid Advsrs Ltd Liability has invested 0.27% in American International Group Inc (NYSE:AIG). Archon Partners Ltd Liability Corp has 190,000 shares for 2.74% of their US portfolio. Spears Abacus Advsrs Ltd Liability Corp has 681,148 shares for 4.57% of their US portfolio. Deutsche Retail Bank Ag last reported 0.15% of its portfolio in the stock. D E Shaw & Com holds 0% of its portfolio in American International Group Inc (NYSE:AIG) for 4,739 shares. Steinberg Glob Asset has 0.3% invested in the company for 32,615 shares. Pub Sector Pension Inv Board last reported 212,092 shares in the company. Victory Inc accumulated 0% or 14,283 shares. Moreover, Royal London Asset Mgmt has 0.33% invested in American International Group Inc (NYSE:AIG) for 386,097 shares. Moreover, Menlo Advsr Ltd Llc has 3.45% invested in American International Group Inc (NYSE:AIG) for 76,708 shares.

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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