American International Group, Inc. (AIG)

[TRUISM]

RBC Capital Boosts American International Group Price Target To $67.00 (AIG)
Posted by paymon on May 3rd, 2015
Click For Link





American International Group (NYSE:AIG) had its price objective raised by RBC Capital from $65.00 to $67.00 in a research report released on Friday morning. RBC Capital currently has an outperform rating on the stock.

RBC Capital has also updated their ratings on a number of other financials stocks in the last week. The firm raised its price target on shares of Cincinnati Financial Co. from $53.00 to $55.00. They have a sector perform rating on that stock. Also, RBC Capital raised its price target on shares of Arch Capital Group Ltd. from $66.00 to $70.00. They have an outperform rating on that stock.

Finally, RBC Capital raised its price target on shares of eHealth, Inc. from $11.00 to $14.00. They have a sector perform rating on that stock.

A number of other firms have also recently commented on AIG. Analysts at Deutsche Bank raised their price target on shares of American International Group from $61.00 to $63.00 and gave the company a buy rating in a research note on Thursday, April 16th.

Analysts at Zacks reiterated a hold rating and set a $57.00 price target on shares of American International Group in a research note on Thursday, March 26th. Analysts at TheStreet downgraded shares of American International Group from a buy rating to a hold rating in a research note on Monday, March 16th.

Finally, analysts at Barclays set a $61.00 price target on shares of American International Group and gave the company a buy rating in a research note on Friday, February 13th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $61.25.

American International Group (NYSE:AIG) opened at 57.74 on Friday. American International Group has a 52 week low of $48.56 and a 52 week high of $58.73. The stock’s 50-day moving average is $56. and its 200-day moving average is $54.. The company has a market cap of $79.24 billion and a P/E ratio of 11.09.

American International Group (NYSE:AIG) last announced its earnings results on Thursday, April 30th. The company reported $1.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.19 by $0.03. During the same quarter in the prior year, the company posted $1.21 earnings per share. On average, analysts predict that American International Group will post $4.93 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.87%.

American International Group, Inc (NYSE:AIG) is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in more than 130 countries.



Blessings to All

TRUTH