In a report released yesterday, Elyse Greenspan from Wells Fargo reiterated a Buy rating on American International Group (NYSE: AIG). The company’s shares closed yesterday at $52.99.
According to TipRanks.com, Greenspan is a 4-star analyst with an average return of 5.7% and a 66.7% success rate. Greenspan covers the Financial sector, focusing on stocks such as Marsh & Mclennan Companies, Renaissancere Holdings Ltd, and United Insurance Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for American International Group with a $63.50 average price target.
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Based on American International Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $11.47 billion and net profit of $937 million. In comparison, last year the company earned revenue of $12.85 billion and had a net profit of $1.13 billion.
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American International Group, Inc. engages in the provision of a range of property casualty insurance, life insurance, retirement products, and other financial services to commercial and individual customers. It operates through the following segments: General Insurance, Life and Retirement, Other Operations, and Legacy Portfolio.
