Wall Street brokerages expect that American International Group, Inc. (NYSE:AIG) will post earnings per share of $1.20 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for American International Group’s earnings. The highest EPS estimate is $1.25 and the lowest is $1.13. American International Group reported earnings per share of $0.98 in the same quarter last year, which suggests a positive year over year growth rate of 22.4%. The business is expected to issue its next quarterly earnings results after the market closes on Wednesday, August 2nd.

On average, analysts expect that American International Group will report full-year earnings of $4.99 per share for the current year, with EPS estimates ranging from $4.50 to $5.35. For the next year, analysts forecast that the company will report earnings of $5.81 per share, with EPS estimates ranging from $4.80 to $6.40. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for American International Group.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, May 3rd. The insurance provider reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.25. The company had revenue of $11.31 billion for the quarter, compared to analyst estimates of $11 billion. American International Group had a return on equity of 5.36% and a net margin of 1.00%. During the same quarter in the previous year, the firm earned $0.65 earnings per share.

Several research firms recently weighed in on AIG. Credit Suisse Group set a $72.00 price objective on American International Group and gave the company a “buy” rating in a report on Saturday, April 15th. J P Morgan Chase & Co cut their price objective on American International Group from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, April 3rd. Royal Bank Of Canada reissued a “buy” rating and set a $71.00 price objective on shares of American International Group in a report on Monday, April 24th. Morgan Stanley raised American International Group from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $62.87 to $61.82 in a report on Tuesday, May 16th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of American International Group in a report on Wednesday, April 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. American International Group has a consensus rating of “Buy” and an average price target of $64.58.

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In other American International Group news, CEO Brian Duperreault acquired 80,000 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were bought at an average cost of $61.48 per share, with a total value of $4,918,400.00. Following the purchase, the chief executive officer now directly owns 80,000 shares of the company’s stock, valued at $4,918,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Baird Financial Group Inc. increased its position in shares of American International Group by 2.3% in the fourth quarter. Baird Financial Group Inc. now owns 10,153 shares of the insurance provider’s stock worth $663,000 after buying an additional 233 shares in the last quarter. Trexquant Investment LP increased its position in shares of American International Group by 221.6% in the fourth quarter. Trexquant Investment LP now owns 14,700 shares of the insurance provider’s stock worth $960,000 after buying an additional 10,129 shares in the last quarter. Frontier Wealth Management LLC increased its position in shares of American International Group by 27.2% in the fourth quarter. Frontier Wealth Management LLC now owns 6,777 shares of the insurance provider’s stock worth $443,000 after buying an additional 1,449 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of American International Group during the fourth quarter worth about $6,915,000. Finally, Elkfork Partners LLC acquired a new position in shares of American International Group during the fourth quarter worth about $21,154,000. 86.20% of the stock is currently owned by institutional investors.

American International Group (NYSE AIG) traded down 0.05% during trading on Friday, reaching $63.02. The company’s stock had a trading volume of 8,286,094 shares. The company’s 50 day moving average price is $62.81 and its 200-day moving average price is $63.54. The stock has a market cap of $58.34 billion, a P/E ratio of 128.09 and a beta of 1.16. American International Group has a 1-year low of $48.41 and a 1-year high of $67.47. American International Group also saw some unusual options trading on Tuesday. Stock investors purchased 13,582 call options on the stock. This represents an increase of approximately 210% compared to the typical daily volume of 4,381 call options.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 28th. Stockholders of record on Wednesday, June 14th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Monday, June 12th. American International Group’s dividend payout ratio is 412.92%.

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.

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