Wells Fargo analyst Elyse Greenspan maintained a Buy rating on American International Group (AIG) yesterday and set a price target of $54. The company’s shares closed yesterday at $44.18.
According to TipRanks.com, Greenspan is a 3-star analyst with an average return of 2.9% and a 58.5% success rate. Greenspan covers the Financial sector, focusing on stocks such as Marsh & Mclennan Companies, AXA Equitable Holdings Inc, and Renaissancere Holdings Ltd.
American International Group has an analyst consensus of Strong Buy, with a price target consensus of $50.29.
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Based on American International Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $11.77 billion and GAAP net loss of $1.26 billion. In comparison, last year the company earned revenue of $13.01 billion and had a GAAP net loss of $6.66 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.
