American International Gr (NYSE:AIG) Receives Upgrade From UBS. Will Other Analysts Follow Suit?

May 17, 2018 - By Harriett Tippett

American International Group, Inc. (NYSE:AIG) Logo

Investors sentiment decreased to 0.7 in 2017 Q4. Its down 0.09, from 0.79 in 2017Q3. It is negative, as 85 investors sold American International Group, Inc. shares while 290 reduced holdings. 74 funds opened positions while 189 raised stakes. 747.27 million shares or 0.10% less from 748.00 million shares in 2017Q3 were reported.

Grassi Investment Mngmt accumulated 13,700 shares. Commonwealth Of Pennsylvania School Empls Retrmt reported 0.07% in American International Group, Inc. (NYSE:AIG). Swiss Bancorp stated it has 0.21% of its portfolio in American International Group, Inc. (NYSE:AIG). Stephens Inc Ar holds 0.02% or 8,128 shares. The Missouri-based Stifel Financial Corporation has invested 0.03% in American International Group, Inc. (NYSE:AIG). Next Fincl holds 0.1% or 3,880 shares in its portfolio. North Star Inv Management has 0.04% invested in American International Group, Inc. (NYSE:AIG) for 5,700 shares. Oppenheimer And Co, a New York-based fund reported 53,255 shares. Ballentine Prtn Lc stated it has 0.01% in American International Group, Inc. (NYSE:AIG). 2,650 are owned by Barrett Asset Mngmt Limited Liability. Kentucky Retirement reported 55,436 shares. Winfield Assocs accumulated 160 shares or 0.01% of the stock. Citigroup owns 1.23M shares for 0.06% of their portfolio. Moreover, Oxbow Ltd Co has 0.21% invested in American International Group, Inc. (NYSE:AIG). Waddell And Reed Fincl Incorporated holds 0.05% or 345,950 shares in its portfolio.

Since February 15, 2018, it had 2 insider buys, and 2 sales for $47,270 activity. STEENLAND DOUGLAS M also bought $249,879 worth of American International Group, Inc. (NYSE:AIG) on Friday, May 4. 2,500 shares valued at $128,875 were bought by LEONARDI THOMAS B on Friday, May 4. $209,164 worth of American International Group, Inc. (NYSE:AIG) was sold by Macia Seraina.

American International Gr (NYSE:AIG) Stock Upgrade

American International Gr (NYSE:AIG) was upped by UBS from a “Neutral” rating to a solid “Buy” rating in a report revealed to clients and investors on Thursday morning.

American International Group, Inc. (NYSE:AIG) Ratings Coverage

Among 10 analysts covering American International Gr (NYSE:AIG), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. American International Gr has $76.0 highest and $58 lowest target. $66.14’s average target is 20.72% above currents $54.79 stock price. American International Gr had 15 analyst reports since December 4, 2017 according to SRatingsIntel. Deutsche Bank maintained the shares of AIG in report on Thursday, May 3 with “Hold” rating. The rating was maintained by Credit Suisse with “Buy” on Monday, January 22. The stock has “Neutral” rating by Buckingham Research on Friday, April 27. The firm earned “Buy” rating on Thursday, December 21 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained American International Group, Inc. (NYSE:AIG) rating on Monday, December 4. Keefe Bruyette & Woods has “Buy” rating and $74.0 target. The rating was upgraded by Deutsche Bank on Wednesday, December 6 to “Hold”. The company was maintained on Monday, April 16 by FBR Capital. The company was maintained on Monday, May 14 by Wells Fargo. Barclays Capital maintained American International Group, Inc. (NYSE:AIG) rating on Tuesday, February 20. Barclays Capital has “Overweight” rating and $71 target. On Monday, February 26 the stock rating was maintained by Wells Fargo with “Buy”.

The stock increased 2.01% or $1.08 during the last trading session, reaching $54.79. About 8.47M shares traded or 17.07% up from the average. American International Group, Inc. (NYSE:AIG) has declined 11.73% since May 17, 2017 and is downtrending. It has underperformed by 23.28% the S&P500.

Analysts await American International Group, Inc. (NYSE:AIG) to report earnings on August, 1. They expect $1.26 EPS, down 17.65 % or $0.27 from last year’s $1.53 per share. AIG’s profit will be $1.13B for 10.87 P/E if the $1.26 EPS becomes a reality. After $1.04 actual EPS reported by American International Group, Inc. for the previous quarter, Wall Street now forecasts 21.15 % EPS growth.

American International Group, Inc. provides insurance products for commercial, institutional, and individual clients primarily in the United States, Europe, and Japan. The company has market cap of $49.18 billion. The companyÂ’s Commercial Insurance segment offers general liability, environmental, commercial automobile liability, workersÂ’ compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; aerospace, political risk, trade credit, surety, and marine insurance; and various insurance products for small and medium sized enterprises. It currently has negative earnings. It also provides professional liability insurance products for a range of businesses and risks, including directors and officers liability, fidelity, employment practices, fiduciary liability, cybersecurity risk, kidnap and ransom, and errors and omissions insurance.

More notable recent American International Group, Inc. (NYSE:AIG) news were published by: which released: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” on May 17, 2018, also with their article: “UBS Upgrades American International Group (AIG) to Buy” published on May 17, 2018, published: “Top Analyst Upgrades and Downgrades: AIG, Baxter, Cisco, Eiger Bio, Energy Transfer, Juniper, NOV, Phillips 66 …” on May 17, 2018. More interesting news about American International Group, Inc. (NYSE:AIG) were released by: and their article: “AIG Notches Upgrade Ahead Of Q1 Report On Fundamental Improvements” published on April 27, 2018 as well as‘s news article titled: “AIG Names Mark D. Lyons as Senior Vice President & Chief Actuary, General Insurance” with publication date: May 14, 2018.

American International Group, Inc. (NYSE:AIG) Institutional Positions Chart

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