Barclays Maintains American International Group Inc to Overweight with Price Target $68.00

Brokerage firm Barclays Maintains its rating on American International Group Inc(NYSE:AIG). In a research note issued to the investors, the brokerage major Raises the price-target to $68.00 per share. The shares have been rated Overweight. The rating by Barclays was issued on Sep 30, 2016.

In a different note, On Aug 22, 2016, BMO Capital said it Maintains its rating on American International Group Inc. In the research note, the firm Raises the price-target to $58.86 per share. The shares have been rated ‘Market Perform’ by the firm. On Aug 11, 2016, Deutsche Bank said it Maintains its rating on American International Group Inc. In the research note, the firm Raises the price-target to $59.00 per share. The shares have been rated ‘Hold’ by the firm. On Aug 8, 2016, Goldman Sachs said it Maintains its rating on American International Group Inc. The shares have been rated ‘Buy’ by the firm. On Aug 4, 2016, Keefe Bruyette & Woods said it Maintains its rating on American International Group Inc. In the research note, the firm Raises the price-target to $70.00 per share. The shares have been rated ‘Outperform’ by the firm. On Aug 3, 2016, Deutsche Bank said it Maintains its rating on American International Group Inc. In the research note, the firm Raises the price-target to $58.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 7, 2016, Citigroup said it Maintains its rating on American International Group Inc. In the research note, the firm Lowers the price-target to $69.00 per share. The shares have been rated ‘Buy’ by the firm.

American International Group Inc (AIG) made into the market gainers list on Tuesdays trading session with the shares advancing 0.27% or 0.16 points. Due to strong positive momentum, the stock ended at $59.08, which is also near the day’s high of $59.26. The stock began the session at $58.82 and the volume stood at 59,90,138 shares. The 52-week high of the shares is $64.31 and the 52 week low is $48.41. The company has a current market capitalization of $63,255 M and it has 1,07,06,59,940 shares in outstanding.

American International Group Inc(AIG) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $14.72B. Analysts had an estimated revenue of $12.91B. Earnings per share were $0.98. Analysts had estimated an EPS of $0.94.

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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