Atlantic Equities Upgrades American International Group Inc to Overweight

Brokerage firm Atlantic Equities Upgrades its rating on American International Group Inc(NYSE:AIG). The shares have been rated Overweight. Previously, the analysts had a Neutral rating on the shares. The rating by Atlantic Equities was issued on Jun 30, 2016.

In a different note, On May 17, 2016, Wells Fargo said it Upgrades its rating on American International Group Inc. The shares have been rated ‘Outperform’ by the firm. On May 5, 2016, Morgan Stanley said it Assumes its rating on American International Group Inc. The shares have been rated ‘Equal-weight’ by the firm.

American International Group Inc (AIG) shares turned negative on Tuesdays trading session with the shares closing down -1.66 points or -3.14% at a volume of 93,76,860. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $52.44. The peak price level was also seen at $52.44 while the days lowest was $51.03. Finally the shares closed at $51.21. The 52-week high of the shares is $64.93 while the 52-week low is $48.41. According to the latest information available, the market cap of the company is $57,306 M.

American International Group Inc(AIG) last announced its earnings results on May 2, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $11.78B. Analysts had an estimated revenue of $13.57B. Earnings per share were $0.65. Analysts had estimated an EPS of $1.02.

Several Insider Transactions has been reported to the SEC. On May 5, 2015, Peter R. Fisher (director) purchased 4,280 shares at $57.99 per share price.Also, On Mar 11, 2015, Ronald Eric Jr Martinez (Executive Vice President) sold 10,000 shares at $56.20 per share price.On Feb 26, 2015, Jeffrey J Hurd (Executive Vice President) sold 26,810 shares at $54.98 per share price, according to the Form-4 filing with the securities and exchange commission.

American International Group Inc. (AIG) is an insurance company. The Company provides a range of property casualty insurance life insurance retirement products mortgage insurance and other financial services. Its various offerings include products and services that help businesses and individuals protect their assets manage risks and provide for retirement security. The Company’s AIG Global Benefits Network provides administrative and marketing services to insurance companies offering benefit solutions to multinational employers. AIG Global Benefits Network can develop global benefit plan solutions for multinational clients by tapping the coverage options offered by carriers throughout the network. AIG operates through two segments: Commercial Insurance and Consumer Insurance. Commercial Insurance is a provider of insurance products and services for commercial and institutional customers.

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