American International Group, Inc. (NYSE:AIG) – Equities researchers at Langen Mcalenn lowered their FY2017 earnings per share (EPS) estimates for shares of American International Group in a research report issued on Tuesday. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will earn $3.38 per share for the year, down from their prior forecast of $3.43. Langen Mcalenn also issued estimates for American International Group’s FY2018 earnings at $5.45 EPS.
Several other research analysts have also recently weighed in on the stock. Buckingham Research initiated 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 objective on the stock. Zacks Investment Research upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research report on Wednesday, July 5th. Royal Bank Of Canada restated a “buy” rating and issued a $73.00 price objective on shares of American International Group in a research report on Wednesday, September 6th. BidaskClub cut shares of American International Group from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of American International Group in a research report on Wednesday, July 5th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. American International Group presently has a consensus rating of “Hold” and a consensus target price of $68.35.
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Shares of American International Group (AIG) opened at 61.78 on Wednesday. The company’s 50-day moving average is $60.65 and its 200 day moving average is $62.21. American International Group has a 52-week low of $57.35 and a 52-week high of $67.47. The firm’s market capitalization is $55.81 billion.
American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.33. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $12.61 billion. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. During the same period in the previous year, the firm posted $0.98 EPS.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Thursday, September 14th. American International Group’s payout ratio is -711.07%.
A number of hedge funds have recently made changes to their positions in AIG. Waldron LP purchased a new stake in American International Group in the first quarter worth $208,000. Comerica Securities Inc. purchased a new stake in American International Group in the first quarter worth $865,000. Stuyvesant Capital Management lifted its stake in American International Group by 4.3% in the first quarter. Stuyvesant Capital Management now owns 46,029 shares of the insurance provider’s stock worth $2,874,000 after acquiring an additional 1,900 shares during the period. Chicago Partners Investment Group LLC lifted its stake in American International Group by 0.5% in the first quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock worth $165,000 after acquiring an additional 14 shares during the period. Finally, LMR Partners LLP lifted its stake in American International Group by 407.0% in the first quarter. LMR Partners LLP now owns 95,097 shares of the insurance provider’s stock worth $5,937,000 after acquiring an additional 76,340 shares during the period. 83.98% of the stock is owned by institutional investors.
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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