Brokers Offer Predictions for American International Group, Inc.’s Q3 2017 Earnings (AIG)

American International Group, Inc. (NYSE:AIG) – Equities research analysts at William Blair issued their Q3 2017 earnings per share (EPS) estimates for shares of American International Group in a report released on Monday. William Blair analyst A. Klauber expects that the insurance provider will post earnings of ($0.89) per share for the quarter. William Blair also issued estimates for American International Group’s FY2017 earnings at $3.20 EPS.

Several other equities analysts have also recently weighed in on AIG. ValuEngine cut American International Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Wells Fargo & Company set a $75.00 price objective on American International Group and gave the company a “buy” rating in a research note on Tuesday. Zacks Investment Research cut American International Group from a “hold” rating to a “sell” rating in a research note on Tuesday. Morgan Stanley restated a “buy” rating on shares of American International Group in a research note on Tuesday, October 10th. Finally, Barclays PLC dropped their price objective on American International Group from $74.00 to $71.00 and set an “overweight” rating on the stock in a research note on Monday. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $68.18.

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American International Group (NYSE AIG) opened at 63.44 on Thursday. American International Group has a one year low of $57.35 and a one year high of $67.47. The firm’s market capitalization is $57.31 billion. The company’s 50-day moving average is $61.07 and its 200-day moving average is $62.25.

American International Group (NYSE:AIG) last issued its earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.33. The business had revenue of $11.23 billion for the quarter, compared to the consensus estimate 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 company earned $0.98 earnings per share.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northern Capital Management LLC raised its stake in shares of American International Group by 4.0% during the 2nd quarter. Northern Capital Management LLC now owns 46,115 shares of the insurance provider’s stock worth $2,883,000 after purchasing an additional 1,760 shares during the period. Girard Partners LTD. bought a new stake in shares of American International Group during the 2nd quarter worth $215,000. Oppenheimer & Co. Inc. raised its stake in shares of American International Group by 9.8% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 88,877 shares of the insurance provider’s stock worth $5,557,000 after purchasing an additional 7,963 shares during the period. AXA raised its stake in shares of American International Group by 113.5% during the 2nd quarter. AXA now owns 411,178 shares of the insurance provider’s stock worth $25,707,000 after purchasing an additional 218,583 shares during the period. Finally, Allen Investment Management LLC raised its stake in shares of American International Group by 126.4% during the 2nd quarter. Allen Investment Management LLC now owns 42,000 shares of the insurance provider’s stock worth $2,626,000 after purchasing an additional 23,445 shares during the period. Institutional investors own 83.96% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Thursday, September 14th. American International Group’s payout ratio is -711.07%.

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.

Earnings History and Estimates for American International Group (NYSE:AIG)

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