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RBC Capital Sticks to Its Hold Rating for American International Group (AIG)

Tipranks - Tipranks - Thu Jan 8, 8:00PM CST

In a report released on January 6, Rowland Mayor from RBC Capital maintained a Hold rating on American International Group, with a price target of $85.00. The company’s shares closed yesterday at $78.07.

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Mayor covers the Financial sector, focusing on stocks such as Accelerant Holdings Class A, American International Group, and Arch Capital Group. According to TipRanks, Mayor has an average return of 1.7% and a 66.67% success rate on recommended stocks.

American International Group has an analyst consensus of Hold, with a price target consensus of $87.13, which is an 11.60% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Hold rating on the stock with a $83.00 price target.

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Based on American International Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $6.4 billion and a net profit of $519 million. In comparison, last year the company earned a revenue of $6.76 billion and had a net profit of $459 million

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