Analyst Coverage Change
On Tuesday January 10th, Jefferies Financial released a research report on AIG Inc, raising the 12 month price target on the stock to $73 from $66, and maintained the Buy rating.
AIG Stock Forecast:
The average analyst target price for American International Group (AIG) is approximately $64.41 over the next 12 months, based on forecasts from 12 analysts. The average analyst rating for the company is “Buy”, which suggests that analysts believe that the stock is likely to perform well in the future. Additionally, it is mentioned that the Stock Target Advisor’s own analysis of AIG is “Slightly Bullish”, which is based on a combination of positive and negative signals. A bullish sentiment means that the analysts have a positive outlook on the stock.
The current stock price of AIG is $63.87 at the last closing, which has changed by a certain percentage over different time periods, such as 1 week, 1 month, and 1 year. It has increased by +1.00% over the past week, +2.18% over the past month, and +5.15% over the last year. The information provided is indicating that the stock price of AIG has been increasing over the past year and also in recent weeks and month.
Positive Fundamentals of AIG Stock:
Large market capitalization
One of the biggest entities in its sector, as larger companies tend to be more stable.
High dividend payouts
Stock has outperformed its peers on al dividend returns basis
Cheap, Compared to book value
Stock is trading at a low valuation range compared to sector.
Good return on equity
Better return on equity over its peers
Better return on assets
Entity has delivered better return on assets against peers
Positive cash flow
Maintained positive total cash flow over previous fiscal year
Superior Earnings Growth
Strong earnings growth in the previous 5 years
About AIG Inc.
AIG’s primary business is the sale of property and casualty insurance, which includes coverage for things like automobile and homeowners insurance, as well as commercial insurance for businesses. The company also provides life insurance and retirement services. In addition, AIG has a financial services division that offers products such as investment management and real estate services.
AIG experienced significant financial difficulty during the 2008 financial crisis and was bailed out by the US government. The company has since restructured and repaid its government loans, but its reputation was significantly damaged by the crisis. In recent years, AIG has focused on returning to profitability and rebuilding its brand through a series of strategic initiatives, including the sale of non-core assets and a focus on underwriting discipline.