American International Group (NYSE:AIG) – Analysts at B. Riley decreased their FY2018 earnings per share (EPS) estimates for shares of American International Group in a research report issued on Thursday, April 12th. B. Riley analyst R. Binner now anticipates that the insurance provider will post earnings per share of $5.70 for the year, down from their prior estimate of $5.75.
Several other analysts also recently commented on AIG. Wells Fargo set a $72.00 target price on shares of American International Group and gave the stock a “buy” rating in a research report on Monday, April 2nd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $76.00 target price on shares of American International Group in a research report on Friday, December 22nd. Credit Suisse Group set a $73.00 target price on shares of American International Group and gave the stock a “buy” rating in a research report on Monday, January 22nd. Zacks Investment Research raised shares of American International Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, Bank of America raised shares of American International Group from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $59.40 to $58.28 in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $66.16.
AIG stock opened at $53.59 on Monday. 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 capitalization of $48,273.07, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 0.89 and a beta of 1.25. American International Group has a 12 month low of $52.42 and a 12 month high of $67.30.
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 the Thomson Reuters’ consensus estimate of $0.75 by ($0.18). American International Group had a positive return on equity of 3.10% and a negative net margin of 12.62%. During the same quarter in the prior year, the company earned ($2.96) earnings per share.
The company also recently disclosed 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. This represents a $1.28 annualized dividend and a dividend yield of 2.39%. The ex-dividend date was Wednesday, March 14th. American International Group’s dividend payout ratio is currently 53.33%.
In related news, Director W Don Cornwell sold 2,500 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $58.78, for a total transaction of $146,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Claudine Macartney sold 2,052 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $59.61, for a total transaction of $122,319.72. The disclosure for this sale can be found here. 0.05% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Stuart Chaussee & Associates Inc. acquired a new position in American International Group during the 4th quarter valued at $134,000. Chicago Partners Investment Group LLC acquired a new position in American International Group during the 3rd quarter valued at $163,000. Dragon Financial & Investment Group LLC acquired a new position in American International Group during the 4th quarter valued at $201,000. Mycio Wealth Partners LLC acquired a new position in American International Group during the 4th quarter valued at $202,000. Finally, CAPROCK Group Inc. acquired a new position in American International Group during the 4th quarter valued at $212,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.
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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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