FY2018 EPS Estimates for American International Group Inc Increased by B. Riley (AIG)

American International Group Inc (NYSE:AIG) – Analysts at B. Riley lifted their FY2018 EPS estimates for American International Group in a note issued to investors on Thursday. B. Riley analyst R. Binner now anticipates that the insurance provider will earn $5.75 per share for the year, up from their prior estimate of $5.00. B. Riley currently has a “Neutral” rating on the stock. B. Riley also issued estimates for American International Group’s FY2019 earnings at $6.15 EPS.

A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research upgraded American International Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 12th. Buckingham Research initiated coverage on American International Group in a report on Monday, September 11th. They issued an “underperform” rating and a $52.00 price target for the company. Deutsche Bank upgraded American International Group from a “sell” rating to a “hold” rating and upped their price target for the stock from $58.00 to $59.00 in a report on Wednesday, December 6th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $74.00 price target on shares of American International Group in a report on Wednesday, December 6th. Finally, Wells Fargo & Co set a $75.00 price target on American International Group and gave the stock a “buy” rating in a report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. American International Group presently has a consensus rating of “Hold” and a consensus price target of $67.81.

American International Group (AIG) traded down $0.34 during midday trading on Monday, reaching $60.31. The company’s stock had a trading volume of 1,134,769 shares, compared to its average volume of 4,156,350. The stock has a market cap of $54,210.00, a PE ratio of -24.22, a PEG ratio of 1.03 and a beta of 1.18. American International Group has a 52-week low of $57.85 and a 52-week high of $67.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.26 and a current ratio of 0.26.

American International Group (NYSE:AIG) last released its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($2.45). The company had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.05 billion. American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. During the same quarter in the prior year, the company earned $1.23 EPS.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Thursday, December 7th. American International Group’s dividend payout ratio (DPR) is currently -51.41%.

Several institutional investors have recently added to or reduced their stakes in AIG. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of American International Group by 121.9% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,631,331 shares of the insurance provider’s stock valued at $959,607,000 after buying an additional 8,586,682 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of American International Group by 307.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,167,213 shares of the insurance provider’s stock valued at $260,534,000 after buying an additional 3,144,446 shares during the last quarter. Renaissance Technologies LLC bought a new position in American International Group during the second quarter worth $134,359,000. TIAA CREF Investment Management LLC lifted its stake in American International Group by 27.1% during the second quarter. TIAA CREF Investment Management LLC now owns 9,857,378 shares of the insurance provider’s stock worth $616,283,000 after purchasing an additional 2,103,522 shares during the last quarter. Finally, Balyasny Asset Management LLC lifted its stake in American International Group by 12,867.7% during the second quarter. Balyasny Asset Management LLC now owns 1,906,247 shares of the insurance provider’s stock worth $119,179,000 after purchasing an additional 1,891,547 shares during the last quarter. Institutional investors own 85.90% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “FY2018 EPS Estimates for American International Group Inc Increased by B. Riley (AIG)” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2018/01/08/fy2018-eps-estimates-for-american-international-group-inc-increased-by-b-riley-aig.html.

About American International Group

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

Receive News & Ratings for American International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American International Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply