Wall Street analysts predict that American International Group Inc (NYSE:AIG) will post $1.06 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for American International Group’s earnings. The lowest EPS estimate is $0.83 and the highest is $1.17. American International Group posted earnings per share of $1.04 in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.9%. The business is scheduled to issue its next earnings results on Wednesday, May 1st.
On average, analysts expect that American International Group will report full-year earnings of $4.43 per share for the current year, with EPS estimates ranging from $4.20 to $4.65. For the next financial year, analysts expect that the business will post earnings of $5.17 per share, with EPS estimates ranging from $4.95 to $5.49. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for American International Group.
American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, February 13th. The insurance provider reported ($0.63) EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($1.10). American International Group had a positive return on equity of 1.73% and a negative net margin of 0.01%. The business had revenue of $12.33 billion for the quarter, compared to the consensus estimate of $12.13 billion. During the same quarter in the previous year, the business posted $0.57 EPS.
A number of research firms have recently weighed in on AIG. Deutsche Bank dropped their price target on shares of American International Group from $54.00 to $52.00 and set a “hold” rating for the company in a research report on Monday, October 22nd. Zacks Investment Research lowered shares of American International Group from a “hold” rating to a “sell” rating in a report on Thursday, October 25th. Wells Fargo & Co reiterated a “buy” rating and set a $62.00 price objective on shares of American International Group in a report on Monday, October 29th. JPMorgan Chase & Co. set a $55.00 price objective on shares of American International Group and gave the company a “hold” rating in a report on Thursday, November 1st. Finally, Argus dropped their price objective on shares of American International Group from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $55.77.
American International Group stock traded up $0.46 during midday trading on Friday, reaching $42.78. 172,883 shares of the company’s stock were exchanged, compared to its average volume of 5,931,156. American International Group has a 52 week low of $36.16 and a 52 week high of $61.36. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a market capitalization of $37.44 billion, a P/E ratio of 36.52, a PEG ratio of 0.86 and a beta of 1.38.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.99%. American International Group’s dividend payout ratio is presently 109.40%.
A number of large investors have recently bought and sold shares of AIG. Stelac Advisory Services LLC raised its position in shares of American International Group by 9.7% during the 4th quarter. Stelac Advisory Services LLC now owns 3,449 shares of the insurance provider’s stock valued at $136,000 after buying an additional 305 shares in the last quarter. Auxier Asset Management grew its holdings in American International Group by 0.4% in the 3rd quarter. Auxier Asset Management now owns 106,674 shares of the insurance provider’s stock worth $5,679,000 after acquiring an additional 400 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in American International Group by 1.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 47,493 shares of the insurance provider’s stock worth $1,872,000 after acquiring an additional 555 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in American International Group by 2.2% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 29,010 shares of the insurance provider’s stock worth $1,143,000 after acquiring an additional 620 shares during the last quarter. Finally, Proficio Capital Partners LLC grew its holdings in American International Group by 92.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,328 shares of the insurance provider’s stock worth $52,000 after acquiring an additional 639 shares during the last quarter. Hedge funds and other institutional investors own 89.43% of the company’s stock.
About American International Group
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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