Buckingham Says Its Time To Sell American International Group (NYSE:AIG). Will Stock Hit Their Target of $52.0?

September 17, 2017 - By Adrian Erickson

 Buckingham Says Its Time To Sell American International Group (NYSE:AIG). Will Stock Hit Their Target of $52.0?

Investors sentiment increased to 0.61 in Q4 2016. Its up 0.03, from 0.58 in 2016Q3. It increased, 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.

Sva Plumb Wealth Ltd Liability Corp reported 0.05% in American International Group Inc (NYSE:AIG). 10,954 are held by Usca Ria Ltd Liability Corporation. The Kansas-based Creative Planning has invested 0.02% in American International Group Inc (NYSE:AIG). Brandywine Glob Investment Mngmt Limited owns 0.4% invested in American International Group Inc (NYSE:AIG) for 965,325 shares. Natl Bank Of Nova Scotia owns 22,057 shares or 0.01% of their US portfolio. Strategy Asset Managers Ltd Liability owns 166,191 shares for 2.36% of their portfolio. The Oregon-based Oregon Public Employees Retirement Fund has invested 0.3% in American International Group Inc (NYSE:AIG). The Arizona-based Tci Wealth Advsrs has invested 0.11% in American International Group Inc (NYSE:AIG). Moore Mgmt Lp, New York-based fund reported 200,024 shares. D E Shaw And has invested 0.02% in American International Group Inc (NYSE:AIG). Walter And Keenan Fincl Consulting Mi Adv has 0.14% invested in American International Group Inc (NYSE:AIG). 47,060 are held by Tradition Cap Mgmt Ltd Llc. Cortland Advisers Limited Liability Company reported 561,644 shares. Loews Corp invested 0% of its portfolio in American International Group Inc (NYSE:AIG). Tukman Grossman Cap Mngmt Inc invested 6.57% in American International Group Inc (NYSE:AIG).

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

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

Buckingham analyst began coverage on American International Group (NYSE:AIG) with a $52.0 PT and Sell rating. The PT would indicate a potential downside of -12.78 % from firm’s previous stock close.

Investors sentiment increased to 0.61 in Q4 2016. Its up 0.03, from 0.58 in 2016Q3. It increased, 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.

Sva Plumb Wealth Ltd Liability Corp reported 0.05% in American International Group Inc (NYSE:AIG). 10,954 are held by Usca Ria Ltd Liability Corporation. The Kansas-based Creative Planning has invested 0.02% in American International Group Inc (NYSE:AIG). Brandywine Glob Investment Mngmt Limited owns 0.4% invested in American International Group Inc (NYSE:AIG) for 965,325 shares. Natl Bank Of Nova Scotia owns 22,057 shares or 0.01% of their US portfolio. Strategy Asset Managers Ltd Liability owns 166,191 shares for 2.36% of their portfolio. The Oregon-based Oregon Public Employees Retirement Fund has invested 0.3% in American International Group Inc (NYSE:AIG). The Arizona-based Tci Wealth Advsrs has invested 0.11% in American International Group Inc (NYSE:AIG). Moore Mgmt Lp, New York-based fund reported 200,024 shares. D E Shaw And has invested 0.02% in American International Group Inc (NYSE:AIG). Walter And Keenan Fincl Consulting Mi Adv has 0.14% invested in American International Group Inc (NYSE:AIG). 47,060 are held by Tradition Cap Mgmt Ltd Llc. Cortland Advisers Limited Liability Company reported 561,644 shares. Loews Corp invested 0% of its portfolio in American International Group Inc (NYSE:AIG). Tukman Grossman Cap Mngmt Inc invested 6.57% in American International Group Inc (NYSE:AIG).

Since May 18, 2017, it had 1 insider purchase, 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. The rating was maintained by Deutsche Bank on Thursday, August 11 with “Hold”. The rating was upgraded by Atlantic Securities to “Neutral” on Tuesday, March 22. RBC Capital Markets maintained the shares of AIG in report on Friday, February 17 with “Outperform” rating. The rating was maintained by Wells Fargo with “Buy” on Wednesday, July 5. Standpoint Research upgraded American International Group Inc (NYSE:AIG) on Tuesday, January 19 to “Buy” rating. BMO Capital Markets maintained the shares of AIG in report on Monday, August 22 with “Market Perform” rating. The stock of American International Group Inc (NYSE:AIG) has “Buy” rating given on Wednesday, August 2 by Keefe Bruyette & Woods. As per Friday, April 21, the company rating was maintained by Wells Fargo. The firm has “Underweight” rating by Atlantic Securities given on Wednesday, November 4. Credit Suisse maintained American International Group Inc (NYSE:AIG) rating on Friday, February 12. Credit Suisse has “Neutral” rating and $61 target.

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.

Analysts await American International Group Inc (NYSE:AIG) to report earnings on November, 1. They expect $1.16 earnings per share, up 16.00 % or $0.16 from last year’s $1 per share. AIG’s profit will be $1.05B for 12.85 P/E if the $1.16 EPS becomes a reality. After $1.53 actual earnings per share reported by American International Group Inc for the previous quarter, Wall Street now forecasts -24.18 % negative EPS growth.

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: Reuters.com which released: “AIG returns to pre-bailout paydays for CEO, top executives” on August 27, 2017, also Seekingalpha.com with their article: “AIG: Down But Not Out” published on September 15, 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 Nasdaq.com‘s news article titled: “Why Is American International (AIG) Down 11.6% Since the Last Earnings Report?” with publication date: September 08, 2017.

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