Price Target Update on American International Group (NYSE:AIG)

American International Group (NYSE:AIG) : The highest level American International Group (NYSE:AIG) is projected to reach is $66 for the short term and the lowest estimate is at $53. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $60.5 and the possibility the share price can swing is $4.38.

Other Equity analysts have also commented on the company shares. Wells Fargo upgrades their rating on the shares of American International Group (NYSE:AIG). The current rating of the shares is Outperform. Earlier, the shares were rated a Market Perform by the brokerage firm. The rating by the firm was issued on May 17, 2016.

American International Group (NYSE:AIG): stock turned positive on Thursday. Though the stock opened at $54.2, the bulls momentum made the stock top out at $54.71 level for the day. The stock recorded a low of $54.2 and closed the trading day at $54.71, in the green by 1.92%. The total traded volume for the day was 4,283,865. The stock had closed at $53.68 in the previous days trading.

The company shares have dropped -14.02% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $64.93 and the one year low was seen on Feb 29, 2016. The 50-Day Moving Average price is $55.91 and the 200 Day Moving Average price is recorded at $55.61. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of American International Group Inc, Fisher Peter R., had purchased 4,280 shares in a transaction dated on May 5, 2015. The transaction was executed at $57.99 per share with total amount equaling $248,197.

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 Companys 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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