Analysts Issue Forecasts for American International Group, Inc.’s Q3 2017 Earnings (AIG)

American International Group, Inc. (NYSE:AIG) – Equities research analysts at FBR & Co issued their Q3 2017 earnings per share (EPS) estimates for American International Group in a research note issued on Tuesday. FBR & Co analyst R. Binner forecasts that the insurance provider will post earnings of ($0.82) per share for the quarter. FBR & Co also issued estimates for American International Group’s FY2017 earnings at $3.30 EPS.

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

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Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Company restated a “buy” rating on shares of American International Group in a research note on Wednesday, July 5th. BidaskClub upgraded shares of American International Group from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. ValuEngine lowered shares of American International Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Deutsche Bank AG restated a “sell” rating and set a $60.00 price target (up previously from $57.00) on shares of American International Group in a research note on Wednesday, August 9th. Finally, UBS AG decreased their price target on shares of American International Group from $65.00 to $64.00 and set a “neutral” rating for the company in a research note on Tuesday, September 19th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $68.35.

Institutional investors have recently bought and sold shares of the business. Israel Discount Bank of New York purchased a new position in shares of American International Group in the first quarter valued at about $145,000. Peddock Capital Advisors LLC increased its position in shares of American International Group by 100.0% in the second quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock valued at $159,000 after acquiring an additional 1,271 shares during the period. Chicago Partners Investment Group LLC increased its position in shares of 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 valued at $165,000 after acquiring an additional 14 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in shares of American International Group by 30.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock valued at $192,000 after acquiring an additional 716 shares during the period. Finally, Signaturefd LLC purchased a new position in shares of American International Group in the first quarter valued at about $202,000. 83.98% of the stock is owned by institutional investors and hedge funds.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Thursday, September 14th. American International Group’s dividend payout ratio is currently -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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