American International Group Inc (NYSE:AIG) announced a quarterly dividend on Friday, November 1st, RTT News reports. Shareholders of record on Thursday, December 12th will be given a dividend of 0.32 per share by the insurance provider on Thursday, December 26th. This represents a $1.28 annualized dividend and a yield of 2.38%.
AIG stock opened at $53.76 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.28 and a quick ratio of 0.28. American International Group has a 1-year low of $36.16 and a 1-year high of $58.66. The firm has a fifty day moving average price of $54.83 and a two-hundred day moving average price of $53.26. The firm has a market cap of $45.77 billion, a price-to-earnings ratio of 45.95, a PEG ratio of 1.04 and a beta of 1.19.
American International Group (NYSE:AIG) last released its earnings results on Friday, November 1st. The insurance provider reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.43). American International Group had a negative net margin of 0.24% and a positive return on equity of 2.97%. During the same quarter in the prior year, the business posted ($0.34) EPS. As a group, analysts expect that American International Group will post 5.07 EPS for the current fiscal year.
Several research firms have weighed in on AIG. Royal Bank of Canada boosted their target price on shares of American International Group to $68.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Morgan Stanley reiterated a “buy” rating and set a $63.00 target price on shares of American International Group in a research note on Monday, August 12th. William Blair upgraded shares of American International Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 18th. Wells Fargo & Co reiterated a “buy” rating and set a $64.00 target price on shares of American International Group in a research note on Friday. Finally, Zacks Investment Research lowered shares of American International Group from a “buy” rating to a “hold” rating and set a $57.00 target price for the company. in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $58.03.
About American International Group
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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