Does American International Group (NYSE:AIG) Look Attractive Now? Buckingham Initiates Coverage

September 17, 2017 - By Jacob Falcon

 Does American International Group (NYSE:AIG) Look Attractive Now? Buckingham Initiates Coverage

Investors sentiment increased to 0.61 in 2016 Q4. Its up 0.03, from 0.58 in 2016Q3. It improved, as 69 investors sold American International Group Inc shares while 385 reduced holdings. 82 funds opened positions while 197 raised stakes. 815.98 million shares or 2.49% less from 836.82 million shares in 2016Q3 were reported.

Community Trust & has 275,770 shares. Mcf Advsr Ltd Limited Liability Company accumulated 1,040 shares. 5,191 were reported by Highland Ltd Company. Gemmer Asset Management Ltd Llc reported 885 shares stake. Bb&T reported 6,019 shares stake. Carl Domino Inc holds 1.85% in American International Group Inc (NYSE:AIG) or 26,545 shares. Stifel Financial has 0.08% invested in American International Group Inc (NYSE:AIG). Bbva Compass Commercial Bank holds 0.24% of its portfolio in American International Group Inc (NYSE:AIG) for 53,193 shares. Private Advisor Grp Limited Co has 21,931 shares. Gsa Cap Prtn Llp invested 0.18% of its portfolio in American International Group Inc (NYSE:AIG). Cumberland Prns reported 2.38% in American International Group Inc (NYSE:AIG). The Virginia-based Virginia Retirement Systems Et Al has invested 0.24% in American International Group Inc (NYSE:AIG). Amg Tru Bank & Trust has invested 0.32% in American International Group Inc (NYSE:AIG). Moreover, Highlander Mgmt Limited Liability Corporation has 0.02% invested in American International Group Inc (NYSE:AIG). Moreover, Bowling Lc has 0.21% invested in American International Group Inc (NYSE:AIG).

Since May 18, 2017, it had 1 insider buy, and 0 insider sales for $4.92 million activity.

Why Has Buckingham Given American International Group (NYSE:AIG) a $52.0 Price Target

Research professionals at Buckingham started coverage on shares of American International Group (NYSE:AIG) in a research note revealed to clients on Monday morning. The firm set “Sell” rating on the stock. Buckingham’s price target of $52.0 suggests potential of -12.78 % from the stock’s previous stock close.

Investors sentiment increased to 0.61 in 2016 Q4. Its up 0.03, from 0.58 in 2016Q3. It improved, as 69 investors sold American International Group Inc shares while 385 reduced holdings. 82 funds opened positions while 197 raised stakes. 815.98 million shares or 2.49% less from 836.82 million shares in 2016Q3 were reported.

Community Trust & has 275,770 shares. Mcf Advsr Ltd Limited Liability Company accumulated 1,040 shares. 5,191 were reported by Highland Ltd Company. Gemmer Asset Management Ltd Llc reported 885 shares stake. Bb&T reported 6,019 shares stake. Carl Domino Inc holds 1.85% in American International Group Inc (NYSE:AIG) or 26,545 shares. Stifel Financial has 0.08% invested in American International Group Inc (NYSE:AIG). Bbva Compass Commercial Bank holds 0.24% of its portfolio in American International Group Inc (NYSE:AIG) for 53,193 shares. Private Advisor Grp Limited Co has 21,931 shares. Gsa Cap Prtn Llp invested 0.18% of its portfolio in American International Group Inc (NYSE:AIG). Cumberland Prns reported 2.38% in American International Group Inc (NYSE:AIG). The Virginia-based Virginia Retirement Systems Et Al has invested 0.24% in American International Group Inc (NYSE:AIG). Amg Tru Bank & Trust has invested 0.32% in American International Group Inc (NYSE:AIG). Moreover, Highlander Mgmt Limited Liability Corporation has 0.02% invested in American International Group Inc (NYSE:AIG). Moreover, Bowling Lc has 0.21% invested in American International Group Inc (NYSE:AIG).

Since May 18, 2017, it had 1 insider buy, and 0 insider sales for $4.92 million activity.

American International Group Inc (NYSE:AIG) Ratings Coverage

Among 19 analysts covering American International Group (NYSE:AIG), 13 have Buy rating, 3 Sell and 3 Hold. Therefore 68% are positive. American International Group has $80.0 highest and $7 lowest target. $67.24’s average target is 12.78% above currents $59.62 stock price. American International Group had 57 analyst reports since August 5, 2015 according to SRatingsIntel. FBR Capital maintained the shares of AIG in report on Wednesday, August 5 with “Outperform” rating. The stock of American International Group Inc (NYSE:AIG) has “Buy” rating given on Monday, August 8 by Goldman Sachs. The stock of American International Group Inc (NYSE:AIG) earned “Mkt Perform” rating by FBR Capital on Friday, October 2. The stock of American International Group Inc (NYSE:AIG) earned “Buy” rating by RBC Capital Markets on Thursday, August 3. The company was upgraded on Tuesday, May 16 by Morgan Stanley. The firm has “Outperform” rating by Credit Suisse given on Friday, January 6. As per Tuesday, May 17, the company rating was upgraded by Wells Fargo. The firm has “Neutral” rating by Credit Suisse given on Friday, October 7. On Wednesday, August 9 the stock rating was downgraded by Atlantic Securities to “Neutral”. FBR Capital maintained American International Group Inc (NYSE:AIG) on Monday, November 28 with “Mkt Perform” rating.

The stock decreased 0.32% or $0.19 on September 15, reaching $59.62. About 9.33M shares traded or 74.07% up from the average. American International Group Inc (NYSE:AIG) has risen 8.59% since September 17, 2016 and is uptrending. It has underperformed by 8.11% the S&P500.

Investors wait American International Group Inc (NYSE:AIG) to report on November, 1. its quarterly earnings Wall Street analysts expect $1.16 earnings per share, up $0.16 or 16.00 % from last year’s $1 same quarter earnings. This translates into $1.05 billion profit for AIG giving the stock a 12.85 P/E. This is assuming the current $1.16 EPS is accurate. American International Group Inc’s Wall Street analysts see -24.18 % negative EPS growth, taking into account the $1.53 EPS reproted in the previous quarter,

American International Group, Inc. is a global insurance company. The company has market cap of $53.86 billion. The Firm provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. It currently has negative earnings. The Company’s divisions include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

More notable recent American International Group Inc (NYSE:AIG) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Valley National Bancorp, American International Group …” on September 12, 2017, also Seekingalpha.com with their article: “Hurricane Irma Insurance For AIG” published on September 08, 2017, Nasdaq.com published: “American International Group, Inc. (AIG) Ex-Dividend Date Scheduled for …” on September 13, 2017. More interesting news about American International Group Inc (NYSE:AIG) were released by: Seekingalpha.com and their article: “Irma could help AIG’s SIFI case” published on September 11, 2017 as well as Seekingalpha.com‘s news article titled: “AIG: Down But Not Out” with publication date: September 15, 2017.

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