American Intercontinental Group, Inc. (NYSE:AIG)‘s stock had its “buy” rating reaffirmed by stock analysts at Wells Fargo & Enterprise in a report launched on Wednesday, July 5th.
Many other equities analysts also lately weighed in on AIG. BMO Cash Markets reaffirmed an “outperform” rating and issued a $70.00 value goal on shares of American Intercontinental Group in a analysis notice on Saturday, March 11th. Deutsche Financial institution AG downgraded American Intercontinental Group from a “hold” rating to a “sell” rating and dropped their value goal for the company from $6.00 to $5.00 in a analysis notice on Monday, March 13th. UBS AG reaffirmed a “neutral” rating and issued a $66.00 value goal on shares of American Intercontinental Group in a analysis notice on Tuesday, March 14th. Royal Financial institution Of Canada reaffirmed a “buy” rating and issued a $71.00 value goal on shares of American Intercontinental Group in a analysis notice on Monday, March 20th. Ultimately, Vetr elevated American Intercontinental Group from a “buy” rating to a “strong-buy” rating and established a $72.50 value goal for the company in a analysis notice on Tuesday, March 28th. Just one equities analysis analyst has rated the stock with a sell rating, 4 have offered a hold rating, 9 have offered a get rating and two have issued a powerful get rating to the company’s stock. The stock at present has an normal rating of “Buy” and an normal concentrate on value of $65.15.
American Intercontinental Group (NYSE AIG) opened at 64.20 on Wednesday. American Intercontinental Group has a 52 week lower of $53.93 and a 52 week higher of $67.47. The company has a industry capitalization of $59.43 billion, a P/E ratio of 130.49 and a beta of 1.13. The company’s 50 day going normal value is $63.59 and its 200-day going normal value is $63.21.
American Intercontinental Group (NYSE:AIG) previous issued its earnings effects on Wednesday, May well 3rd. The coverage service provider reported $1.36 earnings for each share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $.25. The company had income of $11.31 billion in the course of the quarter, in comparison to the consensus estimate of $11 billion. American Intercontinental Group had a return on equity of 5.36% and a net margin of 1.00%. For the duration of the identical period of time in the prior year, the company posted $.65 EPS. Equities analysis analysts anticipate that American Intercontinental Group will write-up $5.02 earnings for each share for the present-day year.
American Intercontinental Group declared that its board has approved a stock repurchase program on Wednesday, May well 3rd that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the coverage service provider to repurchase up to 4.2% of its shares by means of open up industry purchases. Shares repurchase ideas are typically a signal that the company’s board of directors believes its stock is undervalued.
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In connected news, CEO Brian Duperreault acquired 80,000 shares of the business’s stock in a transaction on Thursday, May well 18th. The shares ended up acquired at an normal charge of $61.48 for each share, with a overall price of $4,918,400.00. Adhering to the completion of the transaction, the chief executive officer now right owns 80,000 shares of the company’s stock, valued at roughly $4,918,400. The invest in was disclosed in a legal submitting with the Securities & Trade Fee, which can be accessed by means of this hyperlink. Enterprise insiders have .52% of the company’s stock.
A number of hedge resources and other institutional investors have lately added to or lowered their stakes in AIG. Chicago Companions Financial commitment Group LLC elevated its placement in American Intercontinental Group by .5% in the to start with quarter. Chicago Companions Financial commitment Group LLC now owns 2,642 shares of the coverage provider’s stock valued at $165,000 after acquiring an additional 14 shares in the course of the period of time. Lyell Prosperity Administration LP elevated its placement in American Intercontinental Group by .5% in the to start with quarter. Lyell Prosperity Administration LP now owns 3,588 shares of the coverage provider’s stock valued at $224,000 after acquiring an additional 19 shares in the course of the period of time. Welch & Forbes LLC elevated its placement in American Intercontinental Group by .7% in the to start with quarter. Welch & Forbes LLC now owns 4,502 shares of the coverage provider’s stock valued at $281,000 after acquiring an additional 33 shares in the course of the period of time. Wetherby Asset Administration Inc. elevated its placement in American Intercontinental Group by .4% in the to start with quarter. Wetherby Asset Administration Inc. now owns 16,042 shares of the coverage provider’s stock valued at $1,002,000 after acquiring an additional 62 shares in the course of the period of time. Ultimately, Terrific Lakes Advisors LLC elevated its placement in American Intercontinental Group by 1.4% in the to start with quarter. Terrific Lakes Advisors LLC now owns 7,079 shares of the coverage provider’s stock valued at $442,000 after acquiring an additional 96 shares in the course of the period of time. 86.18% of the stock is at present owned by institutional investors.
American Intercontinental Group Enterprise Profile
American Intercontinental Group, Inc is a international coverage company. The Enterprise provides a assortment of house casualty coverage, everyday living coverage, retirement products and solutions and other money solutions to professional and specific prospects. Its segments involve Industrial Insurance, Consumer Insurance, Other Functions and Legacy Portfolio.
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