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RBC Capital Believes American International Group (AIG) Still Has Room to Grow

RBC Capital analyst Mark Dwelle maintained a Buy rating on American International Group (AIGResearch Report) on January 7 and set a price target of $73.00. The company’s shares closed last Friday at $60.74, close to its 52-week high of $62.54.

According to TipRanks.com, Dwelle is a 5-star analyst with an average return of 13.8% and a 64.1% success rate. Dwelle covers the Financial sector, focusing on stocks such as International General Insurance Holdings, American Equity Investment Life, and Marsh & Mclennan Companies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American International Group with a $65.57 average price target.

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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 $12.84 billion and net profit of $1.67 billion. In comparison, last year the company earned revenue of $10.22 billion and had a net profit of $288 million.

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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