American International Group (AIG) Posts Quarterly Earnings, Beats Estimates By $0.38 EPS
American International Group (NYSE:AIG) released its earnings data on Friday. The company reported $1.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.96 by $0.38, American Banking News.com reports. During the same quarter in the prior year, the company posted $0.20 earnings per share.
Shares of American International Group (NYSE:AIG) opened at 49.59 on Friday. American International Group has a 1-year low of $36.68 and a 1-year high of $53.33. The stock has a 50-day moving average of $49.86 and a 200-day moving average of $49.2. The company has a market cap of $73.014 billion and a P/E ratio of 23.07. American International Group also was the recipient of some unusual options trading on Tuesday. Traders purchased 46,744 call options on the company. This is an increase of 217% compared to the average daily volume of 14,731 call options.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.01%.
A number of research firms have recently commented on AIG. Analysts at TheStreet reiterated a “hold” rating on shares of American International Group in a research note on Wednesday. Finally, analysts at Zacks upgraded shares of American International Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, January 21st. They now have a $61.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. American International Group has an average rating of “Buy” and a consensus target price of $52.83.
American International Group, Inc (NYSE:AIG) is a global insurance company.
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