Evercore analyst David Motemaden maintains $American International Group (AIG.US)$ with a hold rating, and maintains the target price at $79.
According to TipRanks data, the analyst has a success rate of 70.1% and a total average return of 11.9% 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's shares experienced a decline post-earnings as the company forecasted a decrease in net interest income for Q4 and projected a 10% return on equity (ROE) in 2024. Although the projection may contain a degree of conservatism, it is predicted that the ROE will reach 10.3% in 2025 and 10.8% in 2026.
While the company reported earnings that surpassed expectations for Q3, there were some inconsistencies related to the ULR and reserve adjustments, which may lead to apprehensions, reflecting on the reactions observed with other stocks. Post-earnings, estimates were modestly revised downwards by approximately 1% to account for marginally higher operating expenses, a reduction in share repurchases for the quarter, and somewhat lesser buybacks than originally projected, which was somewhat balanced out by improved net interest income.
Note:
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