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

September 17, 2017 - By Marry Poplack

 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.

Zeke Capital Advsrs Limited Liability Corporation reported 5,641 shares. Chesley Taft & Llc holds 17,000 shares. Asset Mngmt One Ltd holds 0.29% or 1.81M shares. Ameriprise Financial Inc holds 0.02% or 516,989 shares in its portfolio. Forbes J M Ltd Liability Partnership stated it has 3,265 shares. Trexquant Inv L P stated it has 0.15% in American International Group Inc (NYSE:AIG). 2.60 million were reported by Parametric Portfolio Associate Ltd Limited Liability Company. Texas-based Sunbelt Securities Incorporated has invested 0% in American International Group Inc (NYSE:AIG). Citadel Advsr Lc reported 0.01% stake. Weik Inv Inc holds 0.81% or 22,175 shares. Confluence Inv Management Llc holds 1.35% of its portfolio in American International Group Inc (NYSE:AIG) for 854,451 shares. Kbc Gp Nv reported 703,975 shares. Wellington Shields Cap Management Limited Company accumulated 4,028 shares or 0.04% of the stock. Kemnay Advisory Incorporated reported 1,700 shares. Of Vermont invested in 0.01% or 1,728 shares.

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

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

Analysts at Buckingham has started coverage on shares of American International Group (NYSE:AIG) in a note issued on 11 September. The firm set Sell rating on the $53.86 billion market cap company.

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.

Zeke Capital Advsrs Limited Liability Corporation reported 5,641 shares. Chesley Taft & Llc holds 17,000 shares. Asset Mngmt One Ltd holds 0.29% or 1.81M shares. Ameriprise Financial Inc holds 0.02% or 516,989 shares in its portfolio. Forbes J M Ltd Liability Partnership stated it has 3,265 shares. Trexquant Inv L P stated it has 0.15% in American International Group Inc (NYSE:AIG). 2.60 million were reported by Parametric Portfolio Associate Ltd Limited Liability Company. Texas-based Sunbelt Securities Incorporated has invested 0% in American International Group Inc (NYSE:AIG). Citadel Advsr Lc reported 0.01% stake. Weik Inv Inc holds 0.81% or 22,175 shares. Confluence Inv Management Llc holds 1.35% of its portfolio in American International Group Inc (NYSE:AIG) for 854,451 shares. Kbc Gp Nv reported 703,975 shares. Wellington Shields Cap Management Limited Company accumulated 4,028 shares or 0.04% of the stock. Kemnay Advisory Incorporated reported 1,700 shares. Of Vermont invested in 0.01% or 1,728 shares.

Since May 18, 2017, it had 1 buy, and 0 sales 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. Avondale downgraded the shares of AIG in report on Wednesday, November 4 to “Underperform” rating. The company was maintained on Monday, November 28 by FBR Capital. On Friday, October 7 the stock rating was initiated by Credit Suisse with “Neutral”. Credit Suisse maintained it with “Neutral” rating and $58 target in Tuesday, March 29 report. Piper Jaffray maintained American International Group Inc (NYSE:AIG) on Tuesday, November 3 with “Overweight” rating. The firm earned “Buy” rating on Thursday, August 3 by RBC Capital Markets. FBR Capital maintained the stock with “Outperform” rating in Wednesday, August 5 report. The stock has “Buy” rating by Argus Research on Thursday, March 24. On Monday, August 22 the stock rating was maintained by BMO Capital Markets with “Market Perform”. Keefe Bruyette & Woods maintained it with “Buy” rating and $7500 target in Monday, May 29 report.

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 await American International Group Inc (NYSE:AIG) to report earnings on November, 1. They expect $1.16 earnings per share, up 16.00 % or $0.16 from last year’s $1 per share. AIG’s profit will be $1.05 billion for 12.85 P/E if the $1.16 EPS becomes a reality. After $1.53 actual earnings per share reported by American International Group Inc for the previous quarter, Wall Street now forecasts -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: “American International Group, Inc. (AIG) Ex-Dividend Date Scheduled for …” on September 13, 2017, also Nasdaq.com with their article: “Why Is American International (AIG) Down 11.6% Since the Last Earnings Report?” published on September 08, 2017, Nasdaq.com published: “Ex-Dividend Reminder: Valley National Bancorp, American International Group …” on September 12, 2017. More interesting news about American International Group Inc (NYSE:AIG) were released by: Seekingalpha.com and their article: “Hurricane Irma Insurance For AIG” published on September 08, 2017 as well as Reuters.com‘s news article titled: “AIG returns to pre-bailout paydays for CEO, top executives” with publication date: August 27, 2017.

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