Key Highlights:
- American International Group (AIG, Financial) completed a significant $455 million tender offer.
- Analysts maintain an average target price of $89.95 for AIG, implying potential growth.
- GuruFocus gives AIG a downside forecast with a GF Value of $85.01.
Successful Completion of Tender Offer
American International Group (AIG) has successfully wrapped up a $455 million tender offer for its outstanding notes. This strategic buyback is part of a larger initiative announced on June 2, aiming to repurchase up to $300 million of certain notes. The offer concluded on June 6, with the settlement scheduled for June 10.
Wall Street Analysts' Forecast
According to projections from 15 analysts, the average one-year price target for American International Group Inc (AIG, Financial) stands at $89.95. This includes a high estimate of $97.00 and a low estimate of $76.22. The average price target suggests a potential upside of 4.34% from the current price of $86.21. For more comprehensive estimate data, visit the American International Group Inc (AIG) Forecast page.
Brokerage Recommendations and GF Value Analysis
Consensus from 19 brokerage firms positions American International Group Inc (AIG, Financial) with an average recommendation of 2.3, an "Outperform" status. This scale ranges from 1 to 5, where 1 indicates a Strong Buy, and 5 suggests Sell.
Using GuruFocus estimates, the anticipated GF Value for American International Group Inc (AIG, Financial) in one year is projected at $85.01. This reflects a potential downside of 1.39% from the current price of $86.21. GF Value represents GuruFocus' assessment of the fair value at which the stock should trade, calculated from historical trading multiples, past business growth, and future performance estimates. Explore more detailed data on the American International Group Inc (AIG) Summary page.
