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.
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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.
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