American International Group, Inc. (NYSE:AIG) – Investment analysts at Langen Mcalenn decreased their FY2017 earnings per share estimates for American International Group in a report issued on Tuesday. Langen Mcalenn analyst L. Greenberg now forecasts that the insurance provider will earn $3.38 per share for the year, down from their previous estimate of $3.43. Langen Mcalenn also issued estimates for American International Group’s FY2018 earnings at $5.45 EPS.
Several other research firms have also recently weighed in on AIG. BidaskClub cut American International Group from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Bank of America Corporation dropped their price target on American International Group from $71.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday. Morgan Stanley reissued a “buy” rating on shares of American International Group in a research report on Tuesday. Zacks Investment Research raised American International Group from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $75.00 price target on shares of American International Group in a research report on Friday, October 6th. 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 issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $68.35.
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American International Group (NYSE AIG) opened at 62.38 on Wednesday. The firm has a 50-day moving average price of $60.72 and a 200 day moving average price of $62.21. American International Group has a one year low of $57.35 and a one year high of $67.47. The company’s market cap is $56.35 billion.
American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.33. The business had revenue of $11.23 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the company earned $0.98 earnings per share.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.28 dividend on an annualized basis and a yield of 2.05%. American International Group’s dividend payout ratio is presently -711.07%.
A number of institutional investors and hedge funds have recently made changes to their positions in AIG. Israel Discount Bank of New York purchased a new stake in American International Group during the 1st quarter valued at $145,000. Peddock Capital Advisors LLC raised its stake in American International Group by 100.0% during the 2nd quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock valued at $159,000 after buying an additional 1,271 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in American International Group by 0.5% during the 1st quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock valued at $165,000 after buying an additional 14 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in American International Group by 30.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock valued at $192,000 after buying an additional 716 shares during the last quarter. Finally, Signaturefd LLC purchased a new stake in American International Group during the 1st quarter valued at $202,000. Institutional investors and hedge funds own 83.98% of the company’s stock.
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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