American International Group Inc (NYSE:AIG)‘s stock had its “market perform” rating reaffirmed by equities researchers at FBR & Co. in a research note issued on Tuesday, MarketBeat reports. They presently have a $62.00 price target on the insurance provider’s stock. FBR & Co.’s target price suggests a potential upside of 13.68% from the company’s previous close.

A number of other equities analysts also recently weighed in on AIG. Vetr raised shares of American International Group from a “hold” rating to a “buy” rating and set a $66.51 price target on the stock in a report on Monday, January 4th. Barclays cut their price target on shares of American International Group from $73.00 to $71.00 and set an “overweight” rating on the stock in a report on Tuesday, November 3rd. Citigroup Inc. reissued a “buy” rating and issued a $71.00 price target on shares of American International Group in a report on Tuesday, November 3rd. BMO Capital Markets cut their price target on shares of American International Group from $71.00 to $68.00 in a report on Tuesday, October 6th. Finally, Zacks Investment Research downgraded shares of American International Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 18th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $68.81.

Other hedge funds and institutional investors have modified their holdings of the company. Dalton Greiner Hartman Maher & Company acquired a new position in shares of American International Group during the fourth quarter worth approximately $21,204,000. Janus Capital Management boosted its position in shares of American International Group by 61.1% in the third quarter. Janus Capital Management now owns 727,541 shares of the insurance provider’s stock worth $41,339,000 after buying an additional 276,039 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of American International Group by 59.4% in the fourth quarter. Nordea Investment Management AB now owns 736,030 shares of the insurance provider’s stock worth $45,612,000 after buying an additional 274,378 shares during the last quarter. Atalanta Sosnoff Capital boosted its position in shares of American International Group by 25.5% in the fourth quarter. Atalanta Sosnoff Capital now owns 1,060,850 shares of the insurance provider’s stock worth $65,741,000 after buying an additional 215,272 shares during the last quarter. Finally, ICON Advisers boosted its position in shares of American International Group by 371.4% in the third quarter. ICON Advisers now owns 170,640 shares of the insurance provider’s stock worth $9,696,000 after buying an additional 134,440 shares during the last quarter.

American International Group (NYSE:AIG) opened at 54.54 on Tuesday. American International Group has a 12-month low of $48.68 and a 12-month high of $64.93. The company has a market capitalization of $67.47 billion and a price-to-earnings ratio of 15.93. The firm has a 50-day moving average of $58.94 and a 200 day moving average of $60.52.

American International Group (NYSE:AIG) last posted its earnings results on Monday, November 2nd. The insurance provider reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by $0.51. During the same period in the previous year, the company posted $1.21 EPS. Analysts expect that American International Group will post $4.16 EPS for the current fiscal year.

American International Group, Inc. (NYSE:AIG) is an insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services. Its various offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. The Company’s AIG Global Benefits Network provides administrative and marketing services to insurance companies offering benefit solutions to multinational employers. AIG Global Benefits Network can develop global benefit plan solutions for multinational clients by tapping the coverage options offered by carriers throughout the network. AIG operates through two segments: Commercial Insurance and Consumer Insurance. Commercial Insurance is a provider of insurance products and services for commercial and institutional customers.

12 Month Chart for NYSE:AIG

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