Morgan Stanley Launches Hedge on American International Group (NYSE:AIG)


Morgan Stanley stock analysts have started covering shares of American International Group (NYSE: AIGGet a rating) in a research note delivered to investors on Monday, Fly reports. The brokerage set an “overweight” rating for the shares of the insurance company.

A number of other stock analysts have also recently released reports on AIG. Jefferies Financial Group moved shares of American International Group from a “hold” rating to a “buy” rating and raised its price target for the company from $57.00 to $64.00 in a rating of research from Wednesday, October 12. Goldman Sachs Group began covering American International Group stocks in a research report on Monday, October 10. They have set a “buy” rating and a price target of $83.00 on the stock. StockNews.com began covering American International Group stocks in a research report on Wednesday, October 12. They have set a “holding” rating on the stock. TheStreet upgraded shares of American International Group from a “c+” rating to a “b” rating in a Thursday, October 27 research report. Finally, Wells Fargo & Company raised its price target on American International Group stock from $55.00 to $61.00 in a research report on Monday. Five equity research analysts gave the stock a hold rating and five gave the company a buy rating. According to MarketBeat.com, American International Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.50.

International American Group Share Performance

Shares of International American Group Actions opened at $57.92 on Monday. The company has a debt ratio of 0.75, a current ratio of 0.33 and a quick ratio of 0.32. The company has a market capitalization of $43.03 billion, a P/E ratio of 3.45, a P/E/G ratio of 1.31 and a beta of 1.19. The company has a 50-day simple moving average of $52.55 and a 200-day simple moving average of $54.18. American International Group has a fifty-two week low of $47.05 and a fifty-two week high of $65.73.

American International Group (NYSE: AIGGet a rating) last reported its quarterly earnings data on Monday, August 8. The insurance provider reported earnings per share (EPS) of $1.19 for the quarter, missing analyst consensus estimates of $1.23 per ($0.04). American International Group achieved a net margin of 23.33% and a return on equity of 7.33%. The company posted revenue of $10.90 billion in the quarter, versus a consensus estimate of $11.19 billion. In the same period a year earlier, the company posted earnings per share of $1.52. Sell-side analysts expect American International Group to post earnings per share of 4.43 for the current fiscal year.

Insider Activity at American International Group

In related news, major shareholder International Group American sold 80,000,000 shares of the company in a transaction on Monday, September 19. The shares were sold at an average price of $21.00, for a total value of $1,680,000,000.00. As a result of the sale, the insider now directly owns 501,145,000 shares of the company, valued at approximately $10,524,045,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available at this hyperlink. In other American International Group news, EVP Luciana Fato sold 17,000 shares of American International Group in a trade on Wednesday, August 24. The shares were sold at an average price of $54.01, for a total value of $918,170.00. Following the sale, the executive vice president now directly owns 45,444 shares of the company, valued at approximately $2,454,430.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. In addition, major shareholder International Group American sold 80,000,000 shares of American International Group in a transaction on Monday, September 19. The shares were sold at an average price of $21.00, for a total transaction of $1,680,000,000.00. Following the completion of the sale, the insider now owns 501,145,000 shares of the company, valued at $10,524,045,000. Disclosure of this sale can be found here. 0.31% of the shares are currently held by insiders.

Institutional investors weigh in on American International Group

Several hedge funds and other institutional investors have recently increased or reduced their stake in AIG. Chilton Capital Management LLC acquired a new stake in American International Group in Q2 for $26,000. Vigilant Capital Management LLC increased its stake in shares of American International Group by 262.3% during the third quarter. Vigilant Capital Management LLC now owns 576 shares of the insurance provider worth $27,000 after buying 417 additional shares in the last quarter. Wagner Wealth Management LLC acquired a new position in American International Group stock during Q2 worth approximately $36,000. JW Cole Advisors Inc. acquired a new position in American International Group stock during Q1 worth approximately $38,000. Finally, Jones Financial Companies Lllp increased its stake in American International Group shares by 139.4% during the 2nd quarter. Jones Financial Companies Lllp now owns 754 shares of the insurance provider worth $39,000 after buying 439 additional shares in the last quarter. 90.18% of the shares are currently held by institutional investors and hedge funds.

About the American International Group

(Get a rating)

American International Group, Inc. provides insurance products for commercial, institutional and individual clients in North America and abroad. The Company’s General Insurance segment offers general liability, environmental, commercial auto, workers’ compensation, accident and crisis management insurance products; commercial, industrial and energy property insurance; and aerospace, political risk, trade credit, portfolio solutions, crop and marine insurance.

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Analyst Recommendations for American International Group (NYSE: AIG)

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