American International Group (NYSE:AIG) will post its quarterly earnings results after the market closes on Tuesday, May 1st. Analysts expect American International Group to post earnings of $1.39 per share for the quarter.
American International Group (NYSE:AIG) last issued its earnings results on Thursday, February 8th. The insurance provider reported $0.57 EPS for the quarter, missing the 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 previous year, the company earned ($2.96) earnings per share. On average, analysts expect American International Group to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of NYSE AIG opened at $55.18 on Tuesday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.48. American International Group has a 52 week low of $52.42 and a 52 week high of $67.30. The firm has a market capitalization of $50,023.85, a P/E ratio of 24.75, a PEG ratio of 0.93 and a beta of 1.25.
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 $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.32%. The ex-dividend date was Wednesday, March 14th. American International Group’s dividend payout ratio (DPR) is currently 53.33%.
AIG has been the topic of several recent analyst reports. Wells Fargo set a $72.00 price target on shares of American International Group and gave the company a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research cut shares of American International Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Bank of America upgraded shares of American International Group from a “neutral” rating to a “buy” rating and cut their price target for the company from $59.40 to $58.28 in a report on Friday, February 9th. Credit Suisse Group set a $73.00 price target on shares of American International Group and gave the company a “buy” rating in a report on Monday, January 22nd. Finally, Barclays reiterated an “overweight” rating and issued a $71.00 price target (up previously from $68.00) on shares of American International Group in a report on Tuesday, February 20th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. American International Group presently has a consensus rating of “Hold” and an average target price of $66.16.
In other news, insider Claudine Macartney sold 2,052 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $59.61, for a total transaction of $122,319.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director W Don Cornwell sold 2,500 shares of the business’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 disclosure for this sale can be found here. Insiders own 0.05% of the company’s stock.
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American International Group Company Profile
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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