American International Group Inc (NYSE:AIG) – Equities research analysts at William Blair issued their Q1 2019 EPS estimates for shares of American International Group in a report issued on Tuesday, March 13th, according to Zacks Investment Research. William Blair analyst A. Klauber forecasts that the insurance provider will post earnings per share of $1.40 for the quarter. William Blair also issued estimates for American International Group’s Q3 2019 earnings at $1.69 EPS and FY2019 earnings at $5.84 EPS.
American International Group (NYSE:AIG) last posted its earnings results on Thursday, February 8th. The insurance provider reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.18). American International Group had a negative net margin of 12.62% and a positive return on equity of 3.10%. During the same period in the prior year, the company earned ($2.96) EPS.
A number of other research firms also recently commented on AIG. Credit Suisse Group set a $73.00 target price on American International Group and gave the company a “buy” rating in a research report on Monday, January 22nd. Zacks Investment Research upgraded American International Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Wells Fargo reiterated a “buy” rating on shares of American International Group in a research report on Tuesday, January 2nd. Barclays reiterated an “overweight” rating and set a $71.00 target price (up from $68.00) on shares of American International Group in a research report on Tuesday, February 20th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $76.00 price target on shares of American International Group in a report on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $66.16.
NYSE AIG opened at $53.60 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.48. The company has a market cap of $49,229.68, a PE ratio of 22.33, a PEG ratio of 0.90 and a beta of 1.25. American International Group has a one year low of $52.42 and a one year high of $67.30.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 15th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $1.28 annualized dividend and a yield of 2.39%. American International Group’s payout ratio is presently 53.33%.
In other American International Group news, Director W Don Cornwell sold 2,500 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $58.78, for a total value of $146,950.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Claudine Macartney sold 2,052 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $59.61, for a total value of $122,319.72. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC grew its position 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 worth $959,607,000 after buying an additional 8,586,682 shares in the last quarter. Orbis Allan Gray Ltd grew its position in shares of American International Group by 39.5% during the 4th quarter. Orbis Allan Gray Ltd now owns 8,865,081 shares of the insurance provider’s stock worth $528,182,000 after buying an additional 2,510,464 shares in the last quarter. Standard Life Aberdeen plc grew its position in shares of American International Group by 73.5% during the 4th quarter. Standard Life Aberdeen plc now owns 5,648,140 shares of the insurance provider’s stock worth $336,588,000 after buying an additional 2,393,028 shares in the last quarter. Boston Partners grew its position in shares of American International Group by 15.2% during the 4th quarter. Boston Partners now owns 9,024,337 shares of the insurance provider’s stock worth $537,670,000 after buying an additional 1,188,645 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new position in shares of American International Group during the 4th quarter worth $64,655,000. Institutional investors and hedge funds own 87.26% of the company’s stock.
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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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