American International Group (AIG) : Zacks Investment Research ranks American International Group (AIG) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 2.14, which indicates as a Buy.
American International Group (AIG) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $67 and the lowest price target forecast is $53. The average forecast of all the analysts is $60.56 and the expected standard deviation is $4.28.
For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on American International Group (NYSE:AIG). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm lowers the price target from $69 per share to $66 per share. The rating by the firm was issued on July 7, 2016.
American International Group (NYSE:AIG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $56.91 and $56.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $58.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $58.10, notching a gain of 7.31% for the day. The total traded volume was 15,442,217 . The stock had closed at $54.14 on the previous day.
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.