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Wells Fargo Sticks to Its Hold Rating for American International Group (AIG)

Wells Fargo analyst Elyse Greenspan maintained a Hold rating on American International Group (AIGResearch Report) yesterday and set a price target of $66.00. The company’s shares closed yesterday at $63.17.

According to TipRanks, Greenspan is a 5-star analyst with an average return of 11.2% and a 66.53% success rate. Greenspan covers the Financial sector, focusing on stocks such as Allstate, Progressive, and Metlife.

Currently, the analyst consensus on American International Group is a Moderate Buy with an average price target of $66.89, which is a 5.89% upside from current levels. In a report released on January 20, BMO Capital also initiated coverage with a Hold rating on the stock with a $64.00 price target.

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The company has a one-year high of $64.88 and a one-year low of $46.81. Currently, American International Group has an average volume of 4.55M.

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Founded in 1919, New York-based American International Group, Inc. is a finance and insurance corporation. The company provides 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, and Legacy Portfolio.

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