American International Group’s Price Target Raised at RBC Capital
<p>RBC Capital analysts raised their price target on <a href='https://financialmodelingprep.com/financial-summary/AIG'>American International Group, Inc. (NYSE:AIG)</a> to $73 from $68 while reiterating their Outperform rating, noting that it remains one of their favorite ideas in the P&C insurance sector for 2023. </p>
<p>The analysts expect the company to be one of the few covered P&C insurers that should deliver accident year margin improvement in 2023 (both through the core loss ratio and expense ratio). They also expect the company to be a solid capital return story with potential upside if meaningful progress is made on the L&R separation. The analysts find the company’s shares attractive at the current valuation of about 0.85x adjusted book value as they anticipate strong execution again throughout 2023.</p>

NYSE:AIG