Goldman Sachs Says Its Time To “Neutral” American International Group (NYSE:AIG). Will Stock Hit Their Target of $61.00?

December 5, 2017 - By Stephen Andrade

 Goldman Sachs Says Its Time To

Investors sentiment increased to 0.64 in Q2 2017. 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.

Montag A & Assoc accumulated 84,344 shares or 0.59% of the stock. Zweig invested 1.19% in American International Group, Inc. (NYSE:AIG). 1.15M were accumulated by D E Shaw &. Breithorn Cap Management holds 3.86% or 87,360 shares. Robeco Institutional Asset Mngmt Bv reported 185,476 shares stake. Dupont Cap Mgmt has 0.01% invested in American International Group, Inc. (NYSE:AIG). Alethea Cap Mgmt Ltd has invested 0.47% of its portfolio in American International Group, Inc. (NYSE:AIG). State Of Wisconsin Inv Board accumulated 1.53 million shares or 0.31% of the stock. Standard Life Invs Limited invested 0.61% in American International Group, Inc. (NYSE:AIG). Cibc Markets stated it has 124,284 shares or 0.08% of all its holdings. Ny State Teachers Retirement Systems stated it has 1.48M shares. Hermes Mngmt owns 0.03% invested in American International Group, Inc. (NYSE:AIG) for 27,256 shares. Sumitomo Mitsui Asset Management Ltd reported 77,155 shares. Trust Of Vermont stated it has 0.01% of its portfolio in American International Group, Inc. (NYSE:AIG). Solaris Asset Lc holds 60,655 shares.

Why Has Goldman Sachs Given American International Group (NYSE:AIG) a $61.00 Price Target

Analysts at Goldman Sachs started coverage on shares of American International Group (NYSE:AIG) in an analyst note sent to investors on 4 December. The financial company set “Neutral” rating on the $53.64 billion market cap company.

Investors sentiment increased to 0.64 in Q2 2017. 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.

Montag A & Assoc accumulated 84,344 shares or 0.59% of the stock. Zweig invested 1.19% in American International Group, Inc. (NYSE:AIG). 1.15M were accumulated by D E Shaw &. Breithorn Cap Management holds 3.86% or 87,360 shares. Robeco Institutional Asset Mngmt Bv reported 185,476 shares stake. Dupont Cap Mgmt has 0.01% invested in American International Group, Inc. (NYSE:AIG). Alethea Cap Mgmt Ltd has invested 0.47% of its portfolio in American International Group, Inc. (NYSE:AIG). State Of Wisconsin Inv Board accumulated 1.53 million shares or 0.31% of the stock. Standard Life Invs Limited invested 0.61% in American International Group, Inc. (NYSE:AIG). Cibc Markets stated it has 124,284 shares or 0.08% of all its holdings. Ny State Teachers Retirement Systems stated it has 1.48M shares. Hermes Mngmt owns 0.03% invested in American International Group, Inc. (NYSE:AIG) for 27,256 shares. Sumitomo Mitsui Asset Management Ltd reported 77,155 shares. Trust Of Vermont stated it has 0.01% of its portfolio in American International Group, Inc. (NYSE:AIG). Solaris Asset Lc holds 60,655 shares.

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

Among 21 analysts covering American International Group (NYSE:AIG), 12 have Buy rating, 3 Sell and 6 Hold. Therefore 57% are positive. American International Group has $80.0 highest and $7 lowest target. $67.32’s average target is 12.83% above currents $59.665 stock price. American International Group had 67 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Buy” rating by Keefe Bruyette & Woods on Wednesday, August 2. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, May 30. The stock of American International Group, Inc. (NYSE:AIG) earned “Buy” rating by Goldman Sachs on Monday, August 8. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, May 16. The stock has “Buy” rating by Argus Research on Wednesday, August 5. The stock of American International Group, Inc. (NYSE:AIG) has “Buy” rating given on Monday, October 9 by RBC Capital Markets. The rating was maintained by Piper Jaffray on Tuesday, November 3 with “Overweight”. The firm earned “Outperform” rating on Friday, February 17 by RBC Capital Markets. The stock of American International Group, Inc. (NYSE:AIG) has “Neutral” rating given on Tuesday, September 19 by UBS. Bank of America maintained it with “Buy” rating and $69 target in Tuesday, October 10 report.

The stock increased 0.68% or $0.405 during the last trading session, reaching $59.665. About 1.06 million shares traded. American International Group, Inc. (NYSE:AIG) has risen 8.59% since December 5, 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 earnings per share, up 27.38 % or $0.23 from last year’s $0.84 per share. AIG’s profit will be $961.88M for 13.94 P/E if the $1.07 EPS becomes a reality. After $-1.22 actual earnings per share 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 $53.64 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: “RSI Alert: American International Group Now Oversold” on November 20, 2017, also Moodys.com with their article: “Moody’s rates AIG’s senior Formosa notes Baa1, stable outlook” published on November 13, 2017, Seekingalpha.com published: “AIG: The Hits Just Keep Coming” on November 18, 2017. More interesting news about American International Group, Inc. (NYSE:AIG) were released by: Zacks.com and their article: “Implied Volatility Surging for American International Group (AIG) Stock …” published on December 01, 2017 as well as Businesswire.com‘s news article titled: “AIG Names Tom Bolt as Chief Underwriting Officer, General Insurance” with publication date: December 05, 2017.

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