The stock of American International Group Inc (NYSE:AIG) is a huge mover today! About 1.39M shares traded hands. American International Group Inc (NYSE:AIG) has risen 16.03% since March 9, 2016 and is uptrending. It has outperformed by 8.62% the S&P500.
The move comes after 9 months positive chart setup for the $64.31B company. It was reported on Oct, 12 by Barchart.com. We have $73.39 PT which if reached, will make NYSE:AIG worth $13.51 billion more.
Analysts await American International Group Inc (NYSE:AIG) to report earnings on November, 7. They expect $1.16 EPS, up 123.08% or $0.64 from last year’s $0.52 per share. AIG’s profit will be $1.23 billion for 13.07 P/E if the $1.16 EPS becomes a reality. After $0.98 actual EPS reported by American International Group Inc for the previous quarter, Wall Street now forecasts 18.37% EPS growth.
American International Group Inc (NYSE:AIG) Ratings Coverage
Out of 17 analysts covering American International Group (NYSE:AIG), 10 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 59% are positive. American International Group has been the topic of 37 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was maintained by S&P Research on Wednesday, August 5 with “Buy”. The rating was maintained by Goldman Sachs with “Buy” on Monday, August 8. Avondale downgraded American International Group Inc (NYSE:AIG) on Wednesday, November 4 to “Underperform” rating. As per Wednesday, March 30, the company rating was upgraded by Janney Capital. The firm has “Hold” rating by Deutsche Bank given on Thursday, August 11. FBR Capital downgraded the stock to “Mkt Perform” rating in Friday, October 2 report. The firm has “Hold” rating given on Monday, November 23 by Standpoint Research. The rating was maintained by BMO Capital Markets with “Market Perform” on Monday, August 22. FBR Capital maintained the stock with “Market Perform” rating in Friday, February 26 report. The company was maintained on Tuesday, November 3 by Piper Jaffray.
According to Zacks Investment Research, “American International Group, Inc., world leaders in insurance and financial services, is the leading international insurance organization with operations in more than one hundred thirty countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world.”
Insitutional Activity: The institutional sentiment decreased to 0.46 in Q2 2016. Its down 0.14, from 0.6 in 2016Q1. The ratio fall, as 88 funds sold all American International Group Inc shares owned while 419 reduced positions. 49 funds bought stakes while 184 increased positions. They now own 874.27 million shares or 6.79% less from 937.91 million shares in 2016Q1.
The Texas-based Ray Gerald L And Associates Ltd has invested 0.14% in American International Group Inc (NYSE:AIG). Bokf Na holds 19,290 shares or 0.04% of its portfolio. Harvest Cap Mngmt reported 3,980 shares or 0.1% of all its holdings. Avenir Corp, a -based fund reported 1.35M shares. Knightsbridge Asset Limited last reported 153,903 shares in the company. Ameriprise Fin holds 0.02% or 594,175 shares in its portfolio. Omega Advsr accumulated 4.34% or 2.90M shares. Columbia Asset Mgmt holds 0.28% of its portfolio in American International Group Inc (NYSE:AIG) for 14,717 shares. Fayez Sarofim And last reported 8,162 shares in the company. Moreover, Courier Corporation has 0.25% invested in American International Group Inc (NYSE:AIG) for 23,256 shares. Canandaigua National Bank & Trust Tru Com holds 0.06% or 3,990 shares in its portfolio. Patten And Patten Tn, a Tennessee-based fund reported 188,667 shares. Mirae Asset Global Invs Ltd holds 3,871 shares or 0.01% of its portfolio. Tradewinds Glob Investors Ltd Limited Liability Company owns 444,890 shares or 1.53% of their US portfolio. International has 374,904 shares for 0% of their US portfolio.
More notable recent American International Group Inc (NYSE:AIG) news were published by: Seekingalpha.com which released: “American International Group: Attacking $60, Time To Get On Board?” on October 06, 2016, also Businesswire.com with their article: “AIG Names Peter Y. Solmssen Executive Vice President and General Counsel” published on October 05, 2016, Businesswire.com published: “AIG to Report Third Quarter 2016 Results on November 2, 2016” on October 06, 2016. More interesting news about American International Group Inc (NYSE:AIG) were released by: Seekingalpha.com and their article: “Is Another Insurer Showing AIG The Path Forward?” published on October 11, 2016 as well as Twst.com‘s news article titled: “American International Group Inc (NYSE:AIG) Delivers on Shareholder Returns Plan” with publication date: October 11, 2016.
AIG Company Profile
American International Group, Inc. (AIG), incorporated on June 9, 1967, is an insurance company. The Firm provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to clients in over 100 countries and jurisdictions. The Firm operates through two divisions: Commercial Insurance and Consumer Insurance, as well as a Corporate and Other category. Commercial Insurance has three operating divisions: Property Casualty, Mortgage Guaranty and Institutional Markets. Consumer Insurance also has three operating divisions: Retirement, Life and Personal Insurance. The Company’s Corporate and Other includes the Company, as well as certain legacy assets and run-off insurance businesses. The Firm groups its insurance-related legal entities into two categories: Non-Life Insurance Companies and Life Insurance Companies. The Company’s Non-Life Insurance Companies include property casualty and mortgage guaranty companies, including National Union Fire Insurance Company of Pittsburgh, Pa. (National Union); American Home Assurance Company (American Home); Lexington Insurance Company (Lexington); Fuji Fire and Marine Insurance Company Limited (Fuji Fire); American Home Assurance Company, Ltd. (American Home Japan); AIG Asia Pacific Insurance, Pte, Ltd.; AIG Europe Limited, and United Guaranty Residential Insurance Company (UGRIC). Life Insurance Companies include American General Life Insurance Company (American General Life); The Variable Annuity Life Insurance Company (VALIC); The United States Life Insurance Company in the City of New York (U.S. Life), and AIG Fuji Life Insurance Company Limited (Fuji Life).
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