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Wells Fargo Stick to Their Buy Rating for American International Group

Published 10/26/2020, 11:05 PM
Updated 10/26/2020, 11:05 PM


Wells Fargo (NYSE:WFC) analyst Elyse Greenspan maintained a Buy rating on American International Group (NYSE:AIG) on Monday, setting a price target of $39, which is approximately 20.44% above the present share price of $32.38.

Greenspan expects American International Group to post earnings per share (EPS) of -$9.15 for the fourth quarter of 2020.

The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in American International Group, with an average price target of $38.14.
The analysts price targets range from a high of $44 to a low of $32.

In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $9.44 billion and a net profit of $0. The company's market cap is $27.89 billion.

According to TipRanks.com, Wells Fargo analyst Elyse Greenspan is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.3% and a 61.09% success rate.

American International Group, Inc. engages in the provision of a range of property casualty insurance, life insurance, retirement products, and other financial services to commercial and individual customers. It operates through the following segments: General Insurance, Life and Retirement, Other Operations, and Legacy Portfolio. The General Insurance segment consists of insurance businesses in North America and International business areas. The Life and Retirement segment includes Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets. The Other Operations segment covers income from assets held by the company and other corporate subsidiaries. The Legacy Portfolio segment consists of run-off insurance lines and legacy investments. The company was founded by Cornelius Vander Starr in 1919 and is headquartered in New York, NY.

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