American International Group (AIG) Scheduled to Post Quarterly Earnings on Wednesday

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American International Group (NYSE:AIG) will post its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect American International Group to post earnings of $1.15 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Monday, May 6th. The insurance provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.52. The firm had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $12.25 billion. American International Group had a negative net margin of 0.60% and a positive return on equity of 2.48%. During the same quarter in the previous year, the business posted $1.04 earnings per share. On average, analysts expect American International Group to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of AIG stock opened at $52.81 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $47.25 billion, a PE ratio of 45.14, a P/E/G ratio of 0.99 and a beta of 1.19. The company has a 50 day simple moving average of $54.92. American International Group has a fifty-two week low of $36.16 and a fifty-two week high of $57.58.

Several research analysts have commented on AIG shares. ValuEngine cut shares of American International Group from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Wells Fargo & Co boosted their price target on shares of American International Group from $57.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, July 11th. Zacks Investment Research upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Thursday, May 9th. Keefe, Bruyette & Woods boosted their price target on shares of American International Group from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Sunday, July 7th. Finally, Deutsche Bank cut shares of American International Group from a “buy” rating to a “hold” rating and set a $53.35 price target for the company. in a report on Wednesday, June 5th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. American International Group currently has an average rating of “Buy” and a consensus target price of $55.86.

In related news, Director Therese M. Vaughan acquired 1,000 shares of American International Group stock in a transaction dated Thursday, May 23rd. The stock was acquired at an average price of $51.71 per share, for a total transaction of $51,710.00. Following the transaction, the director now owns 1,000 shares of the company’s stock, valued at $51,710. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

American International Group Company Profile

American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.

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Earnings History for American International Group (NYSE:AIG)

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