Q1 2018 EPS Estimates for American International Group Inc (AIG) Lowered by Analyst

American International Group Inc (NYSE:AIG) – Equities research analysts at Langen Mcalenn cut their Q1 2018 EPS estimates for American International Group in a note issued to investors on Tuesday. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will post earnings per share of $1.42 for the quarter, down from their previous estimate of $1.44. Langen Mcalenn also issued estimates for American International Group’s Q2 2018 earnings at $1.45 EPS, Q3 2018 earnings at $1.51 EPS, Q4 2018 earnings at $1.53 EPS, FY2018 earnings at $5.90 EPS, Q1 2019 earnings at $1.62 EPS and Q3 2019 earnings at $1.65 EPS.

AIG has been the topic of several other reports. Keefe, Bruyette & Woods reissued a “buy” rating and set a $74.00 price objective on shares of American International Group in a research note on Wednesday, December 6th. Zacks Investment Research raised American International Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Bank of America cut 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. Goldman Sachs Group began coverage on American International Group in a research note on Monday, December 4th. They set a “neutral” rating and a $61.00 price objective on the stock. Finally, Deutsche Bank raised American International Group from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $58.00 to $59.00 in a research note on Wednesday, December 6th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $66.87.

Shares of American International Group (NYSE AIG) opened at $59.75 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.26 and a current ratio of 0.26. American International Group has a 52 week low of $57.85 and a 52 week high of $67.30. The firm has a market capitalization of $53,427.57, a P/E ratio of -8.65, a price-to-earnings-growth ratio of 0.95 and a beta of 1.18.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Thursday, February 8th. The insurance provider reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.18). American International Group had a positive return on equity of 3.02% and a negative net margin of 5.07%. During the same period in the prior year, the firm earned ($2.96) EPS.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AIG. Connable Office Inc. purchased a new stake in shares of American International Group in the third quarter valued at approximately $1,563,000. State of Alaska Department of Revenue boosted its holdings in shares of American International Group by 334.7% in the fourth quarter. State of Alaska Department of Revenue now owns 97,947 shares of the insurance provider’s stock valued at $5,834,000 after purchasing an additional 75,415 shares during the period. Synovus Financial Corp boosted its holdings in shares of American International Group by 1.9% in the third quarter. Synovus Financial Corp now owns 93,385 shares of the insurance provider’s stock valued at $5,715,000 after purchasing an additional 1,727 shares during the period. Patriot Wealth Management Inc. boosted its holdings in shares of American International Group by 1.4% in the fourth quarter. Patriot Wealth Management Inc. now owns 142,495 shares of the insurance provider’s stock valued at $8,490,000 after purchasing an additional 1,989 shares during the period. Finally, Torray LLC boosted its holdings in shares of American International Group by 26.0% in the third quarter. Torray LLC now owns 190,836 shares of the insurance provider’s stock valued at $11,715,000 after purchasing an additional 39,368 shares during the period. 85.61% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.14%. American International Group’s dividend payout ratio is -18.63%.

ILLEGAL ACTIVITY WARNING: This piece of content was first posted by Markets Daily and is the property of of Markets Daily. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://www.themarketsdaily.com/2018/02/15/q1-2018-eps-estimates-for-american-international-group-inc-aig-lowered-by-analyst.html.

About American International Group

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)

Receive News & Ratings for American International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American International Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply