Analysts Expect American International Group, Inc. (AIG) Will Announce Earnings of $1.16 Per Share

Equities research analysts expect that American International Group, Inc. (NYSE:AIG) will post earnings per share of $1.16 for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for American International Group’s earnings, with the highest EPS estimate coming in at $1.26 and the lowest estimate coming in at $1.05. American International Group posted earnings of $1.00 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 16%. The business is expected to issue its next quarterly earnings report on Wednesday, November 1st.

According to Zacks, analysts expect that American International Group will report full-year earnings of $5.23 per share for the current financial year, with EPS estimates ranging from $4.70 to $5.45. For the next financial year, analysts expect that the company will report earnings of $5.39 per share, with EPS estimates ranging from $5.10 to $5.60. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow American International Group.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.33. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $12.61 billion. During the same period last year, the firm earned $0.98 EPS.

A number of equities analysts have weighed in on the stock. BidaskClub lowered shares of American International Group from a “hold” rating to a “sell” rating in a research report on Sunday, August 13th. Atlantic Securities lowered shares of American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price target for the company. in a research report on Wednesday, August 9th. Buckingham Research assumed coverage on shares of American International Group in a research report on Monday, September 11th. They issued an “underperform” rating and a $52.00 price target for the company. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $75.00 price target on shares of American International Group in a research report on Thursday, August 3rd. Finally, Deutsche Bank AG reiterated a “sell” rating and issued a $60.00 price target (up from $57.00) on shares of American International Group in a research report on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $68.08.

Shares of American International Group (NYSE AIG) traded down 0.32% on Thursday, reaching $59.62. 9,334,444 shares of the company’s stock traded hands. The firm’s 50-day moving average is $62.01 and its 200-day moving average is $62.44. The stock has a market cap of $53.86 billion, a price-to-earnings ratio of 496.83 and a beta of 1.14. American International Group has a 52-week low of $57.35 and a 52-week high of $67.47.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.32 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.28 annualized dividend and a yield of 2.15%. American International Group’s dividend payout ratio (DPR) is currently -711.07%.

A number of hedge funds have recently added to or reduced their stakes in AIG. Waldron LP bought a new position in American International Group during the first quarter valued at $208,000. First Trust Advisors LP lifted its position in American International Group by 4.0% during the first quarter. First Trust Advisors LP now owns 133,370 shares of the insurance provider’s stock valued at $8,326,000 after purchasing an additional 5,086 shares during the last quarter. Swiss National Bank lifted its position in American International Group by 20.9% during the first quarter. Swiss National Bank now owns 3,639,456 shares of the insurance provider’s stock valued at $227,211,000 after purchasing an additional 629,400 shares during the last quarter. Baskin Financial Services Inc. lifted its position in American International Group by 0.8% during the first quarter. Baskin Financial Services Inc. now owns 153,818 shares of the insurance provider’s stock valued at $9,603,000 after purchasing an additional 1,245 shares during the last quarter. Finally, World Asset Management Inc lifted its position in American International Group by 4.5% during the first quarter. World Asset Management Inc now owns 103,595 shares of the insurance provider’s stock valued at $6,467,000 after purchasing an additional 4,437 shares during the last quarter. Institutional investors and hedge funds own 84.02% 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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Earnings History and Estimates for American International Group (NYSE:AIG)

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