Barclays analyst Alex Scott maintains $American International Group (AIG.US)$ with a buy rating, and maintains the target price at $90.
According to TipRanks data, the analyst has a success rate of 66.2% and a total average return of 13.5% 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:
AIG shares experienced a decline post-earnings due to the company's outlook for lower net interest income in Q4 and a projection of a 10% return on equity (ROE) in 2024. Although the outlook may incorporate a degree of caution, expectations are set for an ROE of 10.3% in 2025 and 10.8% in 2026.
Despite AIG's earnings exceeding expectations for Q3, there were some underlying concerns, such as the unexpected loss ratio and several adjustments in reserves, which may lead to apprehension, reflecting the reactions observed in other stocks. Subsequent to the earnings report, forecasts were modestly revised downward by 1%, taking into account a slight increase in general operating expenses, a reduction in share repurchases for the quarter, and a downward adjustment in anticipated future buyback activity, although this was somewhat 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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