Has KBW Gained Confidence in American International Group (NYSE:AIG) After Recent Upgrade


American International Group (NYSE:AIG) Stock Upgrade

American International Group (NYSE:AIG) was increased by KBW from a “Market Perform” rating to a more respectable “Outperform” rating in a comprehensive report made public earlier today. They currently have a $72.00 target price per share on the stock, which would indicate a possible upside of 20.06% from the stock price of the stock.

From a total of 18 analysts covering American International Group (NYSE:AIG) stock, 13 rate it a ”Buy”, 1 a “Sell”, and 9 a ”Hold”. This means that 57% of the ratings are positive. The highest target price is $77 while the lowest target price is $57. The mean of all analyst targets is $67.94 with a 15.99% above today’s ($59.96) stock price. American International Group was the topic of 17 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Standpoint Research downgraded shares on November 23 to “Hold” rating. FBR Capital downgraded shares to “Mkt Perform” rating and $63 target share price in a report from an October 2. Avondale downgraded AIG stock in a recent report from November 4 to “Underperform” rating. Vetr downgraded the rating on August 27. Vetr has a “Strong-Buy” rating and a $65.08 price target on shares. Finally, S&P Research maintained the stock with “Buy” rating in a report issued on an October 29.

Approximately 9.81 million shares of stock traded hands. American International Group Inc (NYSE:AIG) has declined 0.58% since May 12, 2015 and is downtrending. It has outperformed by 3.10% the S&P500.

The overall sentiment of institutions has increased to 0.84 in Q2 2015. Its up 0.08, from 0.76 in 2015Q2. The ratio improved, as 75 institutions have sold all the shares of American International Group Inc that they owned while 386 funds have taken shares off the table. 81 funds have purchased shares for the first time while 305 added to their positions. These institutions now hold 1.04 billion shares or 4.10% less than the 1.08 billion shares they owned in 2015Q2.

The Fund Starr International Co Inc currently is holding shares equating to 83.82% of its total portfolio in American International Group Inc representing a total of 15.43 million shares. Another fund,Boyle Capital Management Llc, is holding a total of 307,083 shares equating to 22.96% of their holdings. Additionally, Perry Corp has a 9.72 million share stake in American International Group Inc which represents 21.78% of their total portfolio. The Fund, Silver Point Capital L.P., based out of Connecticut, has also built up a stake in the stock, which represents a total of 18.58% of their total portfolio. Finally Spindletop Capital Llc, a fund which is based in the state of New York reported a total holdings of 355,000 shares.

American International Group, Inc. is an insurance company. The company has a market cap of $72.51 billion. The Firm provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services. It has 17.62 P/E ratio. The Company’s various offerings include services and products that help businesses and individuals protect their assets, manage risks and provide for retirement security.

According to Zacks Investment Research, “American International Group, Inc., world leaders in insurance and financial services, is the leading international insurance organization with operations in more than one hundred thirty countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world.”