Today KBW Reiterates a Buy Rating on American International Group (NYSE:AIG) and a $75.0 Target Price

December 8, 2017 - By Dolores Ford

 Today KBW Reiterates a Buy Rating on American International Group (NYSE:AIG) and a $75.0 Target Price

Investors sentiment increased to 0.64 in 2017 Q2. Its up 0.11, from 0.53 in 2017Q1. It increased, as 70 investors sold American International Group, Inc. shares while 341 reduced holdings. 79 funds opened positions while 182 raised stakes. 742.03 million shares or 4.53% less from 777.22 million shares in 2017Q1 were reported.

Ubs Asset Mgmt Americas Incorporated holds 0% of its portfolio in American International Group, Inc. (NYSE:AIG) for 3.05M shares. Manchester Mngmt Limited Liability Co invested in 1,743 shares. Hartford Mgmt reported 220,204 shares. Independent Consultants reported 125 shares. Bessemer Group Inc Inc accumulated 0.02% or 76,165 shares. First Personal Finance Svcs reported 6,256 shares or 0.09% of all its holdings. Valley Natl Advisers Incorporated holds 0.01% or 366 shares in its portfolio. Point72 Asset Management Lp owns 0.03% invested in American International Group, Inc. (NYSE:AIG) for 76,000 shares. Oxbow has 0.26% invested in American International Group, Inc. (NYSE:AIG). Ngam Advsr Limited Partnership reported 0.16% of its portfolio in American International Group, Inc. (NYSE:AIG). Moreover, American Grp Inc Inc has 0.07% invested in American International Group, Inc. (NYSE:AIG) for 292,746 shares. Allen Invest Limited Liability Corp holds 0.13% or 42,000 shares. Schwab Charles Invest Mngmt reported 0.2% in American International Group, Inc. (NYSE:AIG). 768,380 were reported by Guggenheim. Moreover, Virtu Ltd Liability Corporation has 0.03% invested in American International Group, Inc. (NYSE:AIG) for 3,597 shares.

American International Group (NYSE:AIG) Rating Reaffirmed

Recently, In an analyst note sent to investors on Thursday, 5 October, American International Group (NYSE:AIG) shares have had their Buy Rating reiterated by research professionals at KBW, who currently has a $75.0 TP on firm. This target by KBW gives the possibile upside of 25.94 % from the current price.

Investors sentiment increased to 0.64 in 2017 Q2. Its up 0.11, from 0.53 in 2017Q1. It increased, as 70 investors sold American International Group, Inc. shares while 341 reduced holdings. 79 funds opened positions while 182 raised stakes. 742.03 million shares or 4.53% less from 777.22 million shares in 2017Q1 were reported.

Ubs Asset Mgmt Americas Incorporated holds 0% of its portfolio in American International Group, Inc. (NYSE:AIG) for 3.05M shares. Manchester Mngmt Limited Liability Co invested in 1,743 shares. Hartford Mgmt reported 220,204 shares. Independent Consultants reported 125 shares. Bessemer Group Inc Inc accumulated 0.02% or 76,165 shares. First Personal Finance Svcs reported 6,256 shares or 0.09% of all its holdings. Valley Natl Advisers Incorporated holds 0.01% or 366 shares in its portfolio. Point72 Asset Management Lp owns 0.03% invested in American International Group, Inc. (NYSE:AIG) for 76,000 shares. Oxbow has 0.26% invested in American International Group, Inc. (NYSE:AIG). Ngam Advsr Limited Partnership reported 0.16% of its portfolio in American International Group, Inc. (NYSE:AIG). Moreover, American Grp Inc Inc has 0.07% invested in American International Group, Inc. (NYSE:AIG) for 292,746 shares. Allen Invest Limited Liability Corp holds 0.13% or 42,000 shares. Schwab Charles Invest Mngmt reported 0.2% in American International Group, Inc. (NYSE:AIG). 768,380 were reported by Guggenheim. Moreover, Virtu Ltd Liability Corporation has 0.03% invested in American International Group, Inc. (NYSE:AIG) for 3,597 shares.

American International Group, Inc. (NYSE:AIG) Ratings Coverage

Among 21 analysts covering American International Group (NYSE:AIG), 12 have Buy rating, 2 Sell and 7 Hold. Therefore 57% are positive. American International Group has $80.0 highest and $7 lowest target. $67.27’s average target is 12.96% above currents $59.55 stock price. American International Group had 69 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating by Argus Research given on Wednesday, August 5. The company was downgraded on Monday, November 23 by Standpoint Research. The stock of American International Group, Inc. (NYSE:AIG) earned “Sell” rating by Buckingham Research on Monday, September 11. FBR Capital maintained American International Group, Inc. (NYSE:AIG) rating on Friday, February 26. FBR Capital has “Market Perform” rating and $56 target. RBC Capital Markets maintained American International Group, Inc. (NYSE:AIG) rating on Monday, October 9. RBC Capital Markets has “Buy” rating and $73.0 target. Bank of America downgraded the shares of AIG in report on Friday, November 3 to “Neutral” rating. The company was initiated on Friday, October 7 by Credit Suisse. The rating was maintained by Credit Suisse with “Neutral” on Friday, February 12. Bank of America maintained American International Group, Inc. (NYSE:AIG) rating on Tuesday, October 10. Bank of America has “Buy” rating and $69 target. The firm earned “Overweight” rating on Friday, February 12 by Barclays Capital.

The stock decreased 0.27% or $0.16 during the last trading session, reaching $59.55. About 3.59M shares traded. American International Group, Inc. (NYSE:AIG) has risen 8.59% since December 8, 2016 and is uptrending. It has underperformed by 8.11% the S&P500.

Analysts await American International Group, Inc. (NYSE:AIG) to report earnings on February, 13. They expect $1.07 EPS, up 27.38 % or $0.23 from last year’s $0.84 per share. AIG’s profit will be $961.89M for 13.91 P/E if the $1.07 EPS becomes a reality. After $-1.22 actual EPS reported by American International Group, Inc. for the previous quarter, Wall Street now forecasts -187.70 % EPS growth.

American International Group, Inc. provides insurance products for commercial, institutional, and individual clients primarily in the United States, Europe, and Japan. The company has market cap of $53.53 billion. The companyÂ’s Commercial Insurance segment offers general liability, environmental, commercial automobile liability, workersÂ’ compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; aerospace, political risk, trade credit, surety, and marine insurance; and various insurance products for small and medium sized enterprises. It currently has negative earnings. It also provides professional liability insurance products for a range of businesses and risks, including directors and officers liability, fidelity, employment practices, fiduciary liability, cybersecurity risk, kidnap and ransom, and errors and omissions insurance.

More notable recent American International Group, Inc. (NYSE:AIG) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: WesBanco, American International Group and State Auto …” on December 05, 2017, also Moodys.com with their article: “Moody’s rates AIG’s senior Formosa notes Baa1, stable outlook” published on November 13, 2017, Nasdaq.com published: “American International Group, Inc. (AIG) Ex-Dividend Date Scheduled for …” on December 06, 2017. More interesting news about American International Group, Inc. (NYSE:AIG) were released by: Seekingalpha.com and their article: “AIG: The Hits Just Keep Coming” published on November 18, 2017 as well as Nasdaq.com‘s news article titled: “RSI Alert: American International Group Now Oversold” with publication date: November 20, 2017.

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