Short Term Price Target on American International Group (AIG)

American International Group (NYSE:AIG) : The highest short term price target forecast on American International Group (NYSE:AIG) is $66 and the lowest target price is $53. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $60.5 with a standard deviation of $4.38.

American International Group, Inc. has lost 3.33% in the last five trading days and dropped 7.88% in the last 4 weeks. American International Group, Inc. has dropped 3.1% during the last 3-month period . Year-to-Date the stock performance stands at -13.63%. Also, Equity analysts at the Brokerage firm Wells Fargo upgrades its rating on American International Group (NYSE:AIG). The rating major has initiated the coverage with outperform rating on the shares. 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) has an average broker rating of 2.23, which is interpreted as a Buy, as rated by 13 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

American International Group (NYSE:AIG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.90 and $51.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.89, notching a gain of 2.78% for the day. The total traded volume was 10,472,525 . The stock had closed at $51.46 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of American International Group Inc, Fisher Peter R. had purchased shares worth of $248,197 in a transaction dated on May 5, 2015. A total of 4,280 shares were purchased at a price of $57.99 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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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