FY2018 EPS Estimates for American International Group Inc Boosted by Analyst (AIG)

American International Group Inc (NYSE:AIG) – Research analysts at Langen Mcalenn upped their FY2018 earnings per share estimates for American International Group in a research report issued to clients and investors on Tuesday. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will post earnings per share of $6.05 for the year, up from their previous forecast of $5.20.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($2.45). American International Group had a negative net margin of 5.07% and a positive return on equity of 3.43%. The business had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.05 billion. During the same period in the prior year, the firm posted $1.23 EPS.

A number of other equities research analysts also recently issued reports on the stock. UBS Group reduced their price target on shares of American International Group from $64.00 to $63.00 and set a “neutral” rating for the company in a research report on Monday, October 2nd. Wells Fargo & Co reiterated a “buy” rating and set a $75.00 price target on shares of American International Group in a research report on Sunday, October 1st. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $75.00 price target on shares of American International Group in a research report on Friday, October 6th. Bank of America reduced their price target on shares of American International Group from $71.00 to $69.00 and set a “buy” rating for the company in a research report on Tuesday, October 10th. Finally, ValuEngine downgraded shares of American International Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $67.41.

Shares of American International Group (NYSE:AIG) traded up $0.02 on Thursday, reaching $61.55. The company’s stock had a trading volume of 6,493,810 shares, compared to its average volume of 4,880,000. American International Group has a 12 month low of $57.85 and a 12 month high of $67.45. The stock has a market cap of $55,330.00, a price-to-earnings ratio of -24.72, a PEG ratio of 0.99 and a beta of 1.18. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.26 and a quick ratio of 0.26.

Several institutional investors have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of American International Group by 121.9% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,631,331 shares of the insurance provider’s stock worth $959,607,000 after purchasing an additional 8,586,682 shares during the last quarter. Boston Partners raised its position in shares of American International Group by 14.2% during the 3rd quarter. Boston Partners now owns 7,835,692 shares of the insurance provider’s stock worth $481,034,000 after purchasing an additional 973,835 shares during the last quarter. Pzena Investment Management LLC raised its position in shares of American International Group by 0.7% during the 3rd quarter. Pzena Investment Management LLC now owns 6,507,357 shares of the insurance provider’s stock worth $399,487,000 after purchasing an additional 46,738 shares during the last quarter. Orbis Allan Gray Ltd raised its position in shares of American International Group by 19.3% during the 2nd quarter. Orbis Allan Gray Ltd now owns 4,171,820 shares of the insurance provider’s stock worth $260,823,000 after purchasing an additional 674,670 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of American International Group by 307.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,167,213 shares of the insurance provider’s stock worth $260,534,000 after purchasing an additional 3,144,446 shares during the last quarter. Hedge funds and other institutional investors own 85.89% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.28 annualized dividend and a dividend yield of 2.08%. American International Group’s dividend payout ratio is currently -51.41%.

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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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