FY2017 EPS Estimates for American International Group, Inc. (AIG) Lowered by Analyst

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.

Earnings History and Estimates for American International Group (NYSE:AIG)

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