Will Deutsche Bank Upgrade to “Hold” from “Sell” Be a Tailwind For American Intl (NYSE:AIG) Stock Today?

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Deutsche Securities Analyst Rating Change American Intl NYSE:AIG

American Intl (NYSE:AIG) Rating Upgrade

In an analyst report sent to investors and clients on Wednesday morning, Deutsche Bank has upped American Intl (NYSE:AIG) stock to “Hold” and has set one year TP at $59.0. AIG’s old rating was “Sell”.

Despite this stock rating upgrade NYSE:AIG is currently trading -4.57% lower at $62.01 as of 6:08 PM New York time. American Intl shares have [From2] 0% over the past 200 days, while the S&P500 has increased 6.00% in the same time period.

According to data compiled by Thomson Reuters, American Intl (NYSE:AIG)’s stock is covered by 17 equity analysts across the Street, with 0 analysts giving it a Sell rating, 13 a Buy rating, while 9 consider it a Hold. The 12-month consensus target price for the stock is $63.18, which reflects an upside potential of 1.89% over the current price.

Institutional Ownership

Starr International Co Inc had the largest stake with ownership of 15.40M shares as of q2 2015 for 84.28% of the US long stock exposure. Spindletop Capital Llc is another quite bullish investment professional who is having 280,000 shares of American Intl or 19.74% of their US long stock exposure. In addition, Boyle Capital Management L.L.C. have 17.67% of their US long stock exposure invested in the company for 218,860 shares. The Connecticut-based fund Silver Point Capital L.P. disclosed it had bought a stake worth about 13.78% of the investment professional’s stock portfolio in American Intl. The New York-based fund Icahn Carl C is also positive about the stock, possessing 1.55M shares or 13.68% of their US long stock exposure.

American Intl (NYSE:AIG) Profile

American International Group IncAmerican International Group, Inc. is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

American Intl (NYSE:AIG) traded down -4.57% on 6 December, hitting $62.01. A total of 5.24 million shares of the company’s stock traded hands. This is up from average of 4.67 million shares. American Intl has a 52 week low of $57.35 and a 52 week high of $67.47. The company has a market cap of $56.02 billion and a P/E ratio of 0.

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