Does American International Group (NYSE:AIG) Look Attractive Now? Buckingham Initiates Coverage

September 17, 2017 - By reb123z

 Does American International Group (NYSE:AIG) Look Attractive Now? Buckingham Initiates Coverage

Investors sentiment increased to 0.61 in Q4 2016. Its up 0.03, from 0.58 in 2016Q3. It improved, 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.

Farmers Merchants Invs Inc owns 281 shares. Kensico Capital Management Corporation stated it has 10.15% of its portfolio in American International Group Inc (NYSE:AIG). Teewinot Capital Advisers Limited Liability has 0.12% invested in American International Group Inc (NYSE:AIG) for 3,000 shares. Eubel Brady Suttman Asset Management Incorporated owns 241,445 shares. Fernwood Investment Mgmt Limited Liability Company owns 6,970 shares for 0.44% of their portfolio. Moreover, Algebris Invests (Uk) Ltd Liability Partnership has 0.16% invested in American International Group Inc (NYSE:AIG) for 15,000 shares. First Eagle Inv Ltd Liability invested 1.38% in American International Group Inc (NYSE:AIG). New York State Common Retirement Fund reported 3.91M shares stake. Mcf Advsrs Ltd Liability Co holds 0.01% of its portfolio in American International Group Inc (NYSE:AIG) for 1,040 shares. Tcw Grp holds 0.04% or 71,950 shares in its portfolio. Nationwide Fund Advsrs owns 578,275 shares or 0.16% of their US portfolio. Kentucky-based Regent Investment Management Limited Liability Corp has invested 0.61% in American International Group Inc (NYSE:AIG). Cheviot Value Mngmt Lc accumulated 3.19% or 81,658 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 0.22% invested in American International Group Inc (NYSE:AIG). Moreover, Cedar Hill Assoc Ltd Limited Liability Company has 2.17% invested in American International Group Inc (NYSE:AIG).

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

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

In analysts report revealed on 11 September, Buckingham analyst has today initiated coverage for American International Group (NYSE:AIG) shares with a Sell rating. The target price is exactly $52.0.

Investors sentiment increased to 0.61 in Q4 2016. Its up 0.03, from 0.58 in 2016Q3. It improved, 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.

Farmers Merchants Invs Inc owns 281 shares. Kensico Capital Management Corporation stated it has 10.15% of its portfolio in American International Group Inc (NYSE:AIG). Teewinot Capital Advisers Limited Liability has 0.12% invested in American International Group Inc (NYSE:AIG) for 3,000 shares. Eubel Brady Suttman Asset Management Incorporated owns 241,445 shares. Fernwood Investment Mgmt Limited Liability Company owns 6,970 shares for 0.44% of their portfolio. Moreover, Algebris Invests (Uk) Ltd Liability Partnership has 0.16% invested in American International Group Inc (NYSE:AIG) for 15,000 shares. First Eagle Inv Ltd Liability invested 1.38% in American International Group Inc (NYSE:AIG). New York State Common Retirement Fund reported 3.91M shares stake. Mcf Advsrs Ltd Liability Co holds 0.01% of its portfolio in American International Group Inc (NYSE:AIG) for 1,040 shares. Tcw Grp holds 0.04% or 71,950 shares in its portfolio. Nationwide Fund Advsrs owns 578,275 shares or 0.16% of their US portfolio. Kentucky-based Regent Investment Management Limited Liability Corp has invested 0.61% in American International Group Inc (NYSE:AIG). Cheviot Value Mngmt Lc accumulated 3.19% or 81,658 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 0.22% invested in American International Group Inc (NYSE:AIG). Moreover, Cedar Hill Assoc Ltd Limited Liability Company has 2.17% invested in American International Group Inc (NYSE:AIG).

Since May 18, 2017, it had 1 buying transaction, 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. The rating was downgraded by Avondale to “Underperform” on Wednesday, November 4. RBC Capital Markets maintained it with “Buy” rating and $7100 target in Monday, July 10 report. The rating was downgraded by William Blair on Wednesday, February 3 to “Market Perform”. RBC Capital Markets maintained American International Group Inc (NYSE:AIG) on Wednesday, August 5 with “Outperform” rating. The company was maintained on Friday, February 26 by FBR Capital. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, February 16 report. Barclays Capital maintained the shares of AIG in report on Friday, February 12 with “Overweight” rating. As per Friday, April 21, the company rating was maintained by Wells Fargo. As per Tuesday, November 3, the company rating was maintained by Piper Jaffray. The firm earned “Buy” rating on Wednesday, August 2 by Keefe Bruyette & Woods.

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.

Analysts expect American International Group Inc (NYSE:AIG) to report $1.16 EPS on November, 1.They anticipate $0.16 EPS change or 16.00 % from last quarter’s $1 EPS. AIG’s profit would be $1.05B giving it 12.85 P/E if the $1.16 EPS is correct. After having $1.53 EPS previously, American International Group Inc’s analysts see -24.18 % 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 Nasdaq.com with their article: “American International Group, Inc. (AIG) Ex-Dividend Date Scheduled for …” published on September 13, 2017, Seekingalpha.com published: “AIG: Down But Not Out” on September 15, 2017. More interesting news about American International Group Inc (NYSE:AIG) were released by: Nasdaq.com and their article: “Why Is American International (AIG) Down 11.6% Since the Last Earnings Report?” published on September 08, 2017 as well as Seekingalpha.com‘s news article titled: “Hurricane Irma Insurance For AIG” with publication date: September 08, 2017.

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