Barclays has revised its price target for American International Group (AIG, Financial), reducing it from $98 to $92, while maintaining an Overweight rating on the shares. This adjustment comes as part of Barclays' preview of AIG's upcoming first-quarter earnings.
The firm underscores the challenges faced by AIG's life earnings segment, suggesting that investors should instead focus on group benefits, surplus capital, and the company's efficient cash flows, which are perceived to be undervalued. Despite these challenges, the firm believes that AIG is well-positioned to manage the current uncertainties in the insurance sector.
As the insurance industry contends with various unknowns, Barclays' assessment highlights a strategic focus on areas that offer stability and growth potential for AIG moving forward.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for American International Group Inc (AIG, Financial) is $87.39 with a high estimate of $96.00 and a low estimate of $76.22. The average target implies an upside of 7.42% from the current price of $81.35. More detailed estimate data can be found on the American International Group Inc (AIG) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, American International Group Inc's (AIG, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for American International Group Inc (AIG, Financial) in one year is $66.11, suggesting a downside of 18.73% from the current price of $81.35. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the American International Group Inc (AIG) Summary page.
