FY2028 Earnings Forecast for AIG Issued By DOWLING & PARTN

American International Group, Inc. (NYSE:AIG) – Stock analysts at DOWLING & PARTN issued their FY2028 earnings per share estimates for American International Group in a research note issued to investors on Friday, August 14th. DOWLING & PARTN analyst N. Iacoviello expects that the insurance provider will post earnings per share of $9.75 for the year. The consensus estimate for American International Group’s current full-year earnings is $8.02 per share.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Thursday, August 6th. The insurance provider reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.08. American International Group had a return on equity of 11.05% and a net margin of 11.13%.The business had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.25 billion. During the same quarter in the previous year, the business earned $1.81 earnings per share.

Several other research analysts have also weighed in on AIG. The Goldman Sachs Group increased their price objective on shares of American International Group from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Citigroup upped their price target on shares of American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Wells Fargo & Company cut their price target on shares of American International Group from $89.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Monday, August 10th. HSBC decreased their price target on shares of American International Group from $94.00 to $88.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Finally, Piper Sandler boosted their price objective on shares of American International Group from $80.00 to $84.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Seven equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $88.28.

American International Group Stock Up 0.5%

Shares of NYSE:AIG opened at $76.17 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. The firm has a market cap of $39.83 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 0.70 and a beta of 0.52. The stock’s 50-day moving average price is $77.66 and its two-hundred day moving average price is $76.95. American International Group has a 12-month low of $71.25 and a 12-month high of $87.29.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $2.00 annualized dividend and a yield of 2.6%. American International Group’s dividend payout ratio (DPR) is presently 36.56%.

Insiders Place Their Bets

In other American International Group news, insider Peter Zaffino sold 200,000 shares of American International Group stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $76.47, for a total transaction of $15,294,000.00. Following the transaction, the insider directly owned 592,833 shares of the company’s stock, valued at $45,333,939.51. The trade was a 25.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On American International Group

Hedge funds have recently made changes to their positions in the business. Geneos Wealth Management Inc. grew its position in shares of American International Group by 2.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock worth $434,000 after buying an additional 129 shares during the period. Westwood Holdings Group Inc. increased its stake in shares of American International Group by 2.9% in the 2nd quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock valued at $396,000 after acquiring an additional 130 shares in the last quarter. L2 Asset Management LLC lifted its position in shares of American International Group by 4.8% during the 2nd quarter. L2 Asset Management LLC now owns 3,046 shares of the insurance provider’s stock valued at $227,000 after acquiring an additional 139 shares during the period. Larson Financial Group LLC lifted its position in shares of American International Group by 12.6% during the 4th quarter. Larson Financial Group LLC now owns 1,250 shares of the insurance provider’s stock valued at $107,000 after acquiring an additional 140 shares during the period. Finally, GW&K Investment Management LLC boosted its stake in American International Group by 8.1% during the fourth quarter. GW&K Investment Management LLC now owns 1,917 shares of the insurance provider’s stock worth $164,000 after acquiring an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

About American International Group

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.