American International Group, Inc. (AIG) To Go Ex-Dividend on December 16th

American International Group, Inc. (NYSE:AIG) declared a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Wednesday, December 16th will be given a dividend of $0.50 per share by the insurance provider on Wednesday, December 30th. This represents a $2.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, December 16th.

American International Group has raised its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 3 years. American International Group has a dividend payout ratio of 25.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect American International Group to earn $8.72 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 22.9%.

American International Group Stock Up 1.3%

AIG opened at $81.60 on Thursday. American International Group has a 52 week low of $71.25 and a 52 week high of $87.29. The business has a 50 day moving average price of $77.36 and a two-hundred day moving average price of $76.87. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. The company has a market cap of $42.67 billion, a PE ratio of 13.29, a P/E/G ratio of 0.84 and a beta of 0.48.

American International Group (NYSE:AIG) last released its earnings results on Tuesday, November 3rd. The insurance provider reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.18. The business had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.42 billion. American International Group had a return on equity of 10.73% and a net margin of 11.86%. During the same quarter in the previous year, the company posted $2.20 earnings per share. As a group, research analysts anticipate that American International Group will post 8.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AIG. UBS Group upped their target price on American International Group from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. Cantor Fitzgerald cut their price target on American International Group from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, August 17th. Weiss Ratings restated a “buy (b-)” rating on shares of American International Group in a research report on Tuesday, September 29th. Argus restated a “buy” rating and issued a $90.00 price objective on shares of American International Group in a research report on Wednesday, September 2nd. Finally, Royal Bank Of Canada increased their price objective on American International Group from $85.00 to $87.00 and gave the company a “sector perform” rating in a research note on Monday, August 10th. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, American International Group currently has a consensus rating of “Hold” and an average target price of $87.68.

About American International Group

American International Group, Inc (NYSE:AIG) is a global insurance organization that provides property and casualty insurance products and related services to businesses, institutions, and individuals. Its offerings include commercial insurance, personal insurance, specialty coverage, accident and health products, and travel-related protection.

AIG serves customers through operations in the United States and international markets. Its commercial insurance business supports companies across industries with coverage such as property, casualty, liability, marine, and other specialty risks, while its personal insurance operations provide protection for individuals and families.

The company was founded in Shanghai in 1919 by Cornelius Vander Starr and is headquartered in New York City.