Equities analysts forecast that American International Group (NYSE:AIG) will announce $1.25 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for American International Group’s earnings, with the lowest EPS estimate coming in at $1.02 and the highest estimate coming in at $1.40. American International Group posted earnings of $1.36 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 8.1%. The business is scheduled to report its next quarterly earnings results after the market closes on Wednesday, May 2nd.
On average, analysts expect that American International Group will report full year earnings of $5.41 per share for the current fiscal year, with EPS estimates ranging from $5.05 to $5.70. For the next fiscal year, analysts forecast that the business will report earnings of $6.05 per share, with EPS estimates ranging from $5.50 to $6.60. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover American International Group.
American International Group (NYSE:AIG) last posted its earnings results on Thursday, February 8th. The insurance provider reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.18). American International Group had a positive return on equity of 3.10% and a negative net margin of 12.62%. During the same quarter last year, the business earned ($2.96) earnings per share.
Several research firms have weighed in on AIG. Credit Suisse Group set a $73.00 target price on shares of American International Group and gave the stock a “buy” rating in a report on Monday, January 22nd. Zacks Investment Research upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Wells Fargo reiterated a “buy” rating on shares of American International Group in a report on Tuesday, January 2nd. Barclays restated an “overweight” rating and set a $71.00 price objective (up from $68.00) on shares of American International Group in a report on Tuesday, February 20th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $76.00 price objective on shares of American International Group in a report on Friday, December 22nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $66.16.
In other news, insider Claudine Macartney sold 2,052 shares of American International Group stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $59.61, for a total value of $122,319.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Don Cornwell sold 2,500 shares of American International Group stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $58.78, for a total transaction of $146,950.00. The disclosure for this sale can be found here. 0.05% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Xact Kapitalforvaltning AB raised its stake in American International Group by 5.6% in the 4th quarter. Xact Kapitalforvaltning AB now owns 162,893 shares of the insurance provider’s stock worth $9,705,000 after purchasing an additional 8,681 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in American International Group by 15.4% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 590,795 shares of the insurance provider’s stock worth $35,200,000 after purchasing an additional 78,982 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in American International Group by 33.3% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 64,800 shares of the insurance provider’s stock worth $3,861,000 after purchasing an additional 16,200 shares in the last quarter. Banco de Sabadell S.A acquired a new stake in American International Group in the 4th quarter worth about $2,433,000. Finally, Wealthsource Partners LLC acquired a new stake in American International Group in the 4th quarter worth about $318,000. 87.25% of the stock is owned by institutional investors.
AIG traded up $0.04 during mid-day trading on Friday, hitting $55.22. The stock had a trading volume of 3,337,759 shares, compared to its average volume of 7,051,703. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a market cap of $49,148.46, a PE ratio of 23.00, a price-to-earnings-growth ratio of 0.92 and a beta of 1.25. American International Group has a 1-year low of $52.42 and a 1-year high of $67.30.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 15th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Wednesday, March 14th. American International Group’s dividend payout ratio (DPR) is currently 53.33%.
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American International Group Company Profile
American International Group, Inc provides insurance products for commercial, institutional, and individual customers primarily in the United States, Europe, and Japan. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, and marine insurance.
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