Wall Street brokerages expect American International Group Inc (NYSE:AIG) to report $1.00 earnings per share for the current quarter, Zacks reports. Zero analysts have issued estimates for American International Group’s earnings, with estimates ranging from $0.77 to $1.26. American International Group reported earnings per share of $0.84 during the same quarter last year, which would indicate a positive year over year growth rate of 19%. The company is scheduled to report its next quarterly earnings report after the market closes on Thursday, February 8th.
According to Zacks, analysts expect that American International Group will report full year earnings of $2.76 per share for the current financial year, with EPS estimates ranging from $2.55 to $2.94. For the next year, analysts anticipate that the business will report earnings of $4.98 per share, with EPS estimates ranging from $4.55 to $5.20. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow American International Group.
American International Group (NYSE:AIG) last announced its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($2.45). The company had revenue of $12.67 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the company earned $1.23 EPS.
A number of equities research analysts have issued reports on AIG shares. Buckingham Research started coverage on American International Group in a research report on Monday, September 11th. They set an “underperform” rating and a $52.00 target price for the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $73.00 target price on shares of American International Group in a research report on Wednesday, September 6th. Deutsche Bank raised American International Group from a “sell” rating to a “hold” rating and increased their price objective for the company from $58.00 to $59.00 in a research report on Wednesday, December 6th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $74.00 price objective on shares of American International Group in a research report on Wednesday, December 6th. Finally, Wells Fargo & Company set a $75.00 price objective on American International Group and gave the company a “buy” rating in a research report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $67.70.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Usca Ria LLC raised its stake in shares of American International Group by 0.4% in the second quarter. Usca Ria LLC now owns 11,505 shares of the insurance provider’s stock valued at $719,000 after purchasing an additional 50 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in American International Group by 1.7% during the second quarter. Tower Research Capital LLC TRC now owns 4,004 shares of the insurance provider’s stock worth $250,000 after acquiring an additional 68 shares in the last quarter. Roundview Capital LLC raised its stake in American International Group by 0.7% during the second quarter. Roundview Capital LLC now owns 10,353 shares of the insurance provider’s stock worth $647,000 after acquiring an additional 75 shares in the last quarter. MAI Capital Management raised its stake in American International Group by 3.9% during the second quarter. MAI Capital Management now owns 3,504 shares of the insurance provider’s stock worth $219,000 after acquiring an additional 130 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in American International Group by 4.3% during the second quarter. Sequoia Financial Advisors LLC now owns 3,495 shares of the insurance provider’s stock worth $219,000 after acquiring an additional 144 shares in the last quarter. Institutional investors and hedge funds own 85.87% of the company’s stock.
Shares of American International Group (AIG) traded up $0.20 during trading on Friday, reaching $59.78. The company’s stock had a trading volume of 3,995,300 shares, compared to its average volume of 5,849,280. The company has a market capitalization of $53,560.00, a PE ratio of 23.74, a P/E/G ratio of 1.96 and a beta of 1.17. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.43. American International Group has a 52-week low of $57.85 and a 52-week high of $67.47.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.14%. American International Group’s payout ratio is -51.00%.
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American International Group Company Profile
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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