American International Group (AIG) Gets a Hold Rating from Wells Fargo

Wells Fargo analyst Elyse Greenspan maintained a Hold rating on American International Group (AIGResearch Report) yesterday and set a price target of $58.00. The company’s shares closed last Wednesday at $60.34, close to its 52-week high of $63.54.

According to TipRanks.com, Greenspan is a 5-star analyst with an average return of 11.5% and a 64.0% success rate. Greenspan covers the Financial sector, focusing on stocks such as Marsh & Mclennan Companies, Arthur J Gallagher & Co, and Renaissancere Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American International Group with a $65.86 average price target, implying a 10.2% upside from current levels. In a report issued on February 10, Wolfe Research also downgraded the stock to Hold with a $65.00 price target.

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American International Group’s market cap is currently $48.98B and has a P/E ratio of 9.48.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AIG in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 1919, New York-based American International Group, Inc. is a finance and insurance corporation. The company provides 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, and Legacy Portfolio.

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