RBC Capital analyst Scott Heleniak maintains $American International Group (AIG.US)$ with a buy rating, and maintains the target price at $87.
According to TipRanks data, the analyst has a success rate of 80.7% and a total average return of 20.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $American International Group (AIG.US)$'s main analysts recently are as follows:
The shares of AIG witnessed a decline post-earnings as a result of the company's guidance indicating a decrease in net interest income for Q4 and projecting a 10% return on equity (ROE) by 2024. Although this forecast may contain a degree of caution, it is anticipated that the ROE will reach 10.3% in 2025 and further increase to 10.8% in 2026.
Despite surpassing earnings expectations in the third quarter, concerns may arise due to a ULR miss and complexities regarding reserves, as observed with other stocks. Post-earnings report, estimates were modestly adjusted downwards by 1% to account for marginally higher GOE expenses, reduced share repurchases within the quarter, and buybacks that were somewhat below initial estimates, balanced by improved net interest income.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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