Keefe, Bruyette & Woods Cuts AIG Price Target to $90
Keefe, Bruyette & Woods maintains its Outperform rating on American International Group, Inc. with a target price of $90.00, a 12.36% upside from the current price.
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Keefe, Bruyette & Woods cut its price target on American International Group, Inc. ($AIG) to $90 from $96 on October 12, 2026, and rates the stock "Outperform".
Since the rating, $AIG is up 3.9% to date (from the $77.70 close on Oct 12, 2026).
AIG
American International Group, Inc.
Key Points
- On October 12, 2026, Keefe, Bruyette & Woods reiterated its Outperform rating on American International Group, Inc. (AIG) with a new price target of $90.00, down from $96.00.
- AIG is currently trading at about $80.10, which is 11% below the new price target, suggesting potential upside if the stock reaches the target.
- The company has a trailing twelve-month revenue of approximately $26.7 billion and an upcoming earnings report scheduled for November 4, 2026.
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Keefe, Bruyette & Woods reiterated its Outperform rating on American International Group, Inc. (AIG) on October 12, 2026. The firm set a new price target of $90.00, down from the previous target of $96.00. This reflects a cautious yet optimistic view on the stock's potential performance.
Other Institutional Activity in AIG
Several other institutional investors have recently adjusted their positions in AIG. Blackrock Inc. grew its holdings by 2,263,608 shares, ending with 48,935,933 shares worth about $3.95 billion. Wellington Management Group, LLP increased its stake by 1,960,453 shares, bringing its total to 30,331,704 shares valued at approximately $2.45 billion. In contrast, Vanguard Capital Management LLC reduced its shares by 237,135, ending with 34,635,606 shares worth about $2.80 billion.
American International Group, Inc. Stock Up 6.3%
As of October 16, 2026, AIG shares recently traded around $80.10. This price is 11% below Keefe, Bruyette & Woods' new price target of $90.00. The stock's performance will be closely monitored, especially with the upcoming earnings report on November 4, 2026.
$AIG price target
American International Group, Inc. daily closes and this analyst's $90 target. Not advice.
Recent Earnings
AIG reported trailing twelve-month revenue of approximately $26.7 billion and an EPS of $5.48. The company has a return on equity of 7.2% and a net margin of 11.1%. These figures indicate a stable financial position, although revenue growth year-over-year stands at just 0.5%.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
4 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 10.1%. Revenue missed estimates by 6.4%.
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Profit surprise
Operating income missed by 24 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
4 target raises.
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Earnings quality
Gross margin up 15.9 points. Operating margin up 0.7 points. Positive free cash flow.
Earnings Call Summary
AIG had its strongest first quarter since Peter Zaffino took over as CEO. Reported earnings per share of 2 dollars 11 cents beat consensus by 11 percent. Net premiums written jumped 18 percent year over year, driven by strong growth across all three insurance segments and favorable reinsurance renewals in January. The company is deploying advanced artificial intelligence tools to help underwriters review submissions faster and more accurately, with early tests showing 30 percent improvement in property quoting and 55 percent faster review time in their Lexington middle market business. However, the U.S. large account property market remains very competitive with pricing down 11 percent, so AIG is intentionally shrinking that segment to focus on more profitable opportunities.
Guidance AIG expects General Insurance net premiums to grow in the low to mid-teens for full year 2026. The company raised its quarterly dividend to 50 cents per share, up 11 percent, marking four straight years of double-digit increases. Management reaffirmed three-year targets from the 2025 Investor Day including over 20 percent operating earnings per share growth through 2027 and core operating return on equity of 10 to 13 percent. They plan to continue deploying capital into strategic opportunities while managing disciplined underwriting.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Dividend
AIG pays an annual dividend of $2.00 per share, with a payout ratio of 33.8%. This provides a steady income for shareholders while allowing the company to reinvest in growth opportunities.
Insider Buying and Selling at American International Group, Inc.
Insider transactions have also been notable at AIG. On December 30, 2025, Director John C Inglis bought 13 shares at an average price of $86.47, totaling about $1,200. Chief Financial Officer Keith Walsh purchased 27 shares, valued at approximately $2,207. In contrast, Officer and Director Peter Zaffino sold 236,829 shares on August 13, 2026, with a total value of around $18.1 million.
Analysts Set New Price Targets
On October 12, 2026, Keefe, Bruyette & Woods maintained its Outperform rating on AIG, adjusting its price target to $90.00. Earlier, on the same day, Wells Fargo also maintained an Equal-Weight rating with a target of $83.00. Other firms like Morgan Stanley and UBS have kept their ratings steady, with targets of $80.00 and $100.00 respectively.
About AIG
American International Group, Inc. provides a range of insurance products for both commercial and individual customers. Its operations span several segments, including North America Commercial, International Commercial, and Global Personal. This broad portfolio helps the company navigate the diverse needs of its clients across different markets.
Bottom Line
Investors should keep an eye on AIG's upcoming earnings report on November 4, 2026, which could provide further insights into the company's financial health. The stock's current position below the analyst target suggests there could be opportunities for growth if the market reacts positively to the earnings release.
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Source: Keefe, Bruyette & Woods's rating change on $AIG (Oct 12, 2026). Written by software, not financial advice. How we make alerts