Media stories about American International Group (NYSE:AIG) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. American International Group earned a news impact score of 0.13 on Accern’s scale. Accern also gave media coverage about the insurance provider an impact score of 46.1536195770139 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- How AIG’s Consumer Insurance Division Performed in 3Q17 (finance.yahoo.com)
- Moody’s rates AIG’s senior Formosa notes Baa1, stable outlook – Moodys.com (press release) (moodys.com)
- AIG Notes Get Rating Action From Moody's, Outlook Stable (finance.yahoo.com)
- Net Investment Income Rises for AIG’s Group Retirement Division (finance.yahoo.com)
- AIG to Partner with Clearwater Analytics on Investment Portfolio Data Management – Business Wire (press release) (businesswire.com)
Several brokerages recently issued reports on AIG. Keefe, Bruyette & Woods restated a “buy” rating and set a $75.00 price target on shares of American International Group in a research note on Thursday, August 3rd. Zacks Investment Research upgraded American International Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub upgraded American International Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Bank of America Corporation lowered American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price objective on the stock. in a research note on Friday, November 3rd. Finally, Deutsche Bank AG reiterated a “sell” rating and issued a $60.00 price objective (up from $57.00) on shares of American International Group in a research note on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $68.18.
American International Group (NYSE:AIG) last posted its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($2.45). American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. The firm had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.05 billion. During the same period in the prior year, the company posted $1.23 EPS. sell-side analysts anticipate that American International Group will post 2.93 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, December 7th. American International Group’s dividend payout ratio is -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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