American International Group, Inc. (AIG)

[TRUISM]

Barclays Analysts Give American International Group a $61.00 Price Target (AIG)
February 17th, 2015 - by Justin Garson
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Barclays set a $61.00 price target on American International Group (NYSE:AIG) in a research report sent to investors on Friday morning. The firm currently has a a buy rating on the stock.

A number of other analysts have also recently weighed in on AIG. Analysts at Deutsche Bank set a $61.00 price target on shares of American International Group and gave the company a buy rating in a research note on Monday, February 9th. Analysts at Credit Suisse downgraded shares of American International Group from an outperform rating to a neutral rating and lowered their price target for the stock from $60.00 to $59.00 in a research note on Thursday, January 8th. Finally, analysts at Zacks reiterated a neutral rating and set a $59.00 price target on shares of American International Group in a research note on Tuesday, December 23rd. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. American International Group presently has a consensus rating of Buy and a consensus target price of $61.08.

American International Group (NYSE:AIG) opened at 53.96 on Friday. American International Group has a 52 week low of $48.27 and a 52 week high of $56.79. The stock’s 50-day moving average is $52.36 and its 200-day moving average is $53.57. The company has a market cap of $75.539 billion and a P/E ratio of 8.68.

American International Group (NYSE:AIG) last announced its earnings results on Thursday, February 12th. The company reported $0.97 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.07 by $0.10. The company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $8.68 billion. During the same quarter in the prior year, the company posted $1.15 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. On average, analysts predict that American International Group will post $4.96 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Tuesday, March 10th.

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.





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