Buckingham Says That American International Group (NYSE:AIG) Has $52.0 Stock Target

September 17, 2017 - By Marie Mckinney

 Buckingham Says That American International Group (NYSE:AIG) Has $52.0 Stock Target

Investors sentiment increased to 0.61 in 2016 Q4. Its up 0.03, from 0.58 in 2016Q3. It increased, as 69 investors sold American International Group Inc shares while 385 reduced holdings. 82 funds opened positions while 197 raised stakes. 815.98 million shares or 2.49% less from 836.82 million shares in 2016Q3 were reported.

Tradition Cap Ltd Co has 47,060 shares. Piedmont Invest Advsrs Ltd Liability, a North Carolina-based fund reported 214,179 shares. Fjarde Ap has 235,751 shares for 0.36% of their portfolio. Moreover, State Board Of Administration Of Florida Retirement Systems has 0.32% invested in American International Group Inc (NYSE:AIG) for 1.60M shares. Colony Group Ltd Company has invested 1.76% in American International Group Inc (NYSE:AIG). Winfield Assocs Inc accumulated 200 shares. Strs Ohio invested in 886,445 shares or 0.26% of the stock. Horrell Mngmt has 0.2% invested in American International Group Inc (NYSE:AIG) for 5,000 shares. Aqr Cap Management Limited Company reported 1.57M shares or 0.14% of all its holdings. Clearbridge Ltd Llc holds 0% of its portfolio in American International Group Inc (NYSE:AIG) for 290 shares. Meiji Yasuda Asset Ltd invested in 22,362 shares or 0.16% of the stock. Edgar Lomax Va accumulated 362,900 shares. Bridgeway Mgmt accumulated 0.64% or 754,774 shares. Bp Public Limited Com reported 0.35% stake. Compton Inc Ri holds 0.62% or 18,228 shares.

Since May 18, 2017, it had 1 insider buy, and 0 selling transactions for $4.92 million activity.

Why Has Buckingham Given American International Group (NYSE:AIG) a $52.0 Price Target

Buckingham analyst has begun coverage with a “Sell” rating on American International Group (NYSE:AIG) today and set a price target of $52.0. The firm’s shares opened today at 0.

Investors sentiment increased to 0.61 in 2016 Q4. Its up 0.03, from 0.58 in 2016Q3. It increased, as 69 investors sold American International Group Inc shares while 385 reduced holdings. 82 funds opened positions while 197 raised stakes. 815.98 million shares or 2.49% less from 836.82 million shares in 2016Q3 were reported.

Tradition Cap Ltd Co has 47,060 shares. Piedmont Invest Advsrs Ltd Liability, a North Carolina-based fund reported 214,179 shares. Fjarde Ap has 235,751 shares for 0.36% of their portfolio. Moreover, State Board Of Administration Of Florida Retirement Systems has 0.32% invested in American International Group Inc (NYSE:AIG) for 1.60M shares. Colony Group Ltd Company has invested 1.76% in American International Group Inc (NYSE:AIG). Winfield Assocs Inc accumulated 200 shares. Strs Ohio invested in 886,445 shares or 0.26% of the stock. Horrell Mngmt has 0.2% invested in American International Group Inc (NYSE:AIG) for 5,000 shares. Aqr Cap Management Limited Company reported 1.57M shares or 0.14% of all its holdings. Clearbridge Ltd Llc holds 0% of its portfolio in American International Group Inc (NYSE:AIG) for 290 shares. Meiji Yasuda Asset Ltd invested in 22,362 shares or 0.16% of the stock. Edgar Lomax Va accumulated 362,900 shares. Bridgeway Mgmt accumulated 0.64% or 754,774 shares. Bp Public Limited Com reported 0.35% stake. Compton Inc Ri holds 0.62% or 18,228 shares.

Since May 18, 2017, it had 1 insider buy, and 0 selling transactions for $4.92 million activity.

American International Group Inc (NYSE:AIG) Ratings Coverage

Among 19 analysts covering American International Group (NYSE:AIG), 13 have Buy rating, 3 Sell and 3 Hold. Therefore 68% are positive. American International Group has $80.0 highest and $7 lowest target. $67.24’s average target is 12.78% above currents $59.62 stock price. American International Group had 57 analyst reports since August 5, 2015 according to SRatingsIntel. Wells Fargo maintained the shares of AIG in report on Wednesday, August 2 with “Buy” rating. The firm has “Overweight” rating given on Tuesday, May 16 by Morgan Stanley. The stock of American International Group Inc (NYSE:AIG) has “Buy” rating given on Monday, May 29 by Keefe Bruyette & Woods. The rating was maintained by Goldman Sachs with “Buy” on Monday, August 8. Wells Fargo maintained American International Group Inc (NYSE:AIG) on Friday, April 21 with “Buy” rating. The firm earned “Market Perform” rating on Monday, August 22 by BMO Capital Markets. The company was upgraded on Tuesday, March 22 by Atlantic Securities. Credit Suisse maintained American International Group Inc (NYSE:AIG) on Tuesday, March 29 with “Neutral” rating. The firm has “Outperform” rating given on Tuesday, February 16 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Thursday, August 3 with “Buy”.

The stock decreased 0.32% or $0.19 on September 15, reaching $59.62. About 9.33 million shares traded or 74.07% up from the average. American International Group Inc (NYSE:AIG) has risen 8.59% since September 17, 2016 and is uptrending. It has underperformed by 8.11% the S&P500.

Wall Street await American International Group Inc (NYSE:AIG) to release earnings on November, 1. Analysts forecast earnings per share of $1.16, up exactly $0.16 or 16.00 % from 2014’s $1 EPS. The expected AIG’s profit could reach $1.05 billion giving the stock 12.85 P/E in the case that $1.16 earnings per share is reported. After posting $1.53 EPS for the previous quarter, American International Group Inc’s analysts now forecast -24.18 % negative EPS growth.

American International Group, Inc. is a global insurance company. The company has market cap of $53.86 billion. The Firm provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. It currently has negative earnings. The Company’s divisions include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

More notable recent American International Group Inc (NYSE:AIG) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Valley National Bancorp, American International Group …” on September 12, 2017, also Seekingalpha.com with their article: “Irma could help AIG’s SIFI case” published on September 11, 2017, Reuters.com published: “AIG returns to pre-bailout paydays for CEO, top executives” on August 27, 2017. More interesting news about American International Group Inc (NYSE:AIG) were released by: Nasdaq.com and their article: “American International Group, Inc. (AIG) Ex-Dividend Date Scheduled for …” published on September 13, 2017 as well as Nasdaq.com‘s news article titled: “Why Is American International (AIG) Down 11.6% Since the Last Earnings Report?” with publication date: September 08, 2017.

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