American Intl. Receives a Hold from J.P. Morgan

According to The Fly, j.P. Morgan analyst Jimmy Bhullar reiterated a Hold rating on American Intl. (NYSE: AIG) today and set a price target of $65. The company’s shares opened today at $58.10.

According to, Bhullar is a 3-star analyst with an average return of 4.4% and a 50.0% success rate. Bhullar covers the Financial sector, focusing on stocks such as American Equity Investment Life, Fidelity & Guaranty Life, and Symetra Financial Corp.

Currently, the analyst consensus on American Intl. is Moderate Buy and the average price target is $60.67, representing a 4.4% upside.

In a report released today, Morgan Stanley also reiterated a Hold rating on the stock with a $63 price target.

Based on American Intl.`s latest earnings report from March 31, the company posted quarterly revenue of $11.78B and quarterly net profit of -$183M. In comparison, last year the company earned revenue of $15.7B and had a net profit of $1.8B.

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AIG in relation to earlier this year. Most recently, in May 2015, Peter R. Fisher, a a Director at AIG bought 4,280 shares for a total of $248,154.

American International Group, Inc. is a global insurance company, which engages in the provision of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services. Its offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. The firm operates through two segments: Commercial Insurance and Consumer Insurance, and a corporate and other category. The Commercial Insurance has three operating segments: Property Casualty, Mortgage Guaranty and Institutional Markets. The Consumer Insurance also has three operating segments: Retirement, Life and Personal Insurance. The company was founded by Cornelius Vander Starr in 1919 and is headquartered in New York, NY.