American International Group Receives a Buy from RBC Capital

By Jason Carr

RBC Capital analyst Mark Dwelle reiterated a Buy rating on American International Group (NYSE: AIG) today and set a price target of $71. The company’s shares opened today at $62.21.

According to, Dwelle is a top 100 analyst with an average return of 14.9% and a 88.6% success rate. Dwelle covers the Financial sector, focusing on stocks such as American Equity Investment Life, Marsh & Mclennan Companies, and Renaissancere Holdings Ltd.

American International Group has an analyst consensus of Moderate Buy, with a price target consensus of $68.88.

Based on American International Group’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $14.2 billion and GAAP net loss of $3.04 billion. In comparison, last year the company earned revenue of $14.38 billion and had a GAAP net loss of $1.84 billion.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is neutral on the stock. Last month, Philip Fasano, the EVP of AIG sold 6,000 shares for a total of $381,560.

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American International Group, Inc. is an insurance company, which engages in the provision of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services. Its offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. It operates through Commercial Insurance, Consumer Insurance, and Corporate and Other Category. The Commercial Insurance has three operating segments: Property Casualty, Mortgage Guaranty and Institutional Markets. It provides insurance products and services for commercial and institutional customers. The Consumer Insurance also has three operating segments: Retirement, Life and Personal Insurance. It brings a portfolio of retirement, life insurance and personal insurance products offered through distribution networks. The Corporate and Other Category segment includes AIG Parent as well as certain legacy assets and run-off insurance businesses. The company was founded by Cornelius Vander Starr in 1919 and is headquartered in New York, NY.