American International Group Receives a Hold from FBR Capital

By Ryan Adsit

In a report released today, Randy Binner from FBR Capital reiterated a Hold rating on American International Group (NYSE: AIG), with a price target of $64. The company’s shares closed last Friday at $64.44, close to its 52-week high of $64.73.

According to, Binner is a top 100 analyst with an average return of 15.2% and a 79.0% success rate. Binner covers the Financial sector, focusing on stocks such as American Equity Investment Life, National General Holdings, and Lincoln National Corp.

Currently, the analyst consensus on American International Group is Moderate Buy and the average price target is $64.83, representing a 0.6% upside.

In a report issued on November 18, Credit Suisse also reiterated a Hold rating on the stock with a $61 price target.

Based on American International Group’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $13.74 billion and quarterly net profit of $462 million. In comparison, last year the company earned revenue of $13.13 billion and had a GAAP net loss of $231 million.

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AIG in relation to earlier this year. Most recently, in May 2015, Peter R. Fisher, a Director at AIG bought 4,280 shares for a total of $248,154.

American International Group, Inc. is a global 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. The firm operates through two segments: Commercial Insurance and Consumer Insurance, and a corporate and other category. The Commercial Insurance has three operating segments: Property Casualty, Mortgage Guaranty and Institutional Markets. The Consumer Insurance also has three operating segments: Retirement, Life and Personal Insurance. The company was founded by Cornelius Vander Starr in 1919 and is headquartered in New York, NY.