NEW YORK (TheStreet) -- Barclays lowered its price target on American International Group (AIG) - Get Reportto $71 from $73 on Tuesday. The firm maintained its "overweight" rating on the stock.

The New York City-based insurance company reported earnings of 52 cents per share yesterday, compared to analyst estimates of $1.03 per share.

Barclays lowered its 2015 earnings estimate to $4.28 from $4.96 per share to reflect weaker earning power in AIG's Property and Casualty and Life divisions.

AIG also announced there were $3.7 billion of share repurchases in the third quarter. Barclays projected the company would achieve share buybacks of $10 billion in 2015.

Shares of AIG were down by 4.31% to $60.99 in late afternoon trading on Tuesday.

Separately, TheStreet Ratings team rates AMERICAN INTERNATIONAL GROUP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

We rate AMERICAN INTERNATIONAL GROUP (AIG) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel its strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

You can view the full analysis from the report here: AIG

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