American International Group, Inc. (AIG) To Go Ex-Dividend on June 15th

American International Group, Inc. (NYSE:AIG) announced a quarterly dividend on Thursday, April 30th. Shareholders of record on Monday, June 15th will be given a dividend of 0.50 per share by the insurance provider on Monday, June 29th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, June 15th. This is a 11.1% increase from American International Group’s previous quarterly dividend of $0.45.

American International Group has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 3 years. American International Group has a payout ratio of 23.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect American International Group to earn $8.81 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 20.4%.

American International Group Trading Up 5.4%

NYSE AIG opened at $78.85 on Friday. American International Group has a 1-year low of $71.25 and a 1-year high of $87.46. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average of $76.85 and a 200-day moving average of $77.85. The firm has a market cap of $42.34 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 0.57 and a beta of 0.53.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Thursday, April 30th. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.22. The business had revenue of $7.02 billion for the quarter, compared to analyst estimates of $7.03 billion. American International Group had a return on equity of 10.88% and a net margin of 11.86%.During the same period last year, the company earned $1.17 EPS. As a group, sell-side analysts forecast that American International Group will post 7.75 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on AIG. Morgan Stanley dropped their price objective on American International Group from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Piper Sandler decreased their target price on shares of American International Group from $95.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. UBS Group lowered their price target on shares of American International Group from $94.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Evercore dropped their price target on shares of American International Group from $90.00 to $85.00 in a research report on Friday, January 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of American International Group from $97.00 to $86.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $86.88.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.