Analysts forecast that American International Group, Inc. (NYSE:AIG) will report $1.20 earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for American International Group’s earnings, with the highest EPS estimate coming in at $1.33 and the lowest estimate coming in at $1.11. American International Group reported earnings per share of $0.98 during the same quarter last year, which suggests a positive year-over-year growth rate of 22.4%. The firm is scheduled to report 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 $5.02 per share for the current financial year, with EPS estimates ranging from $4.50 to $5.30. For the next financial year, analysts forecast that the firm will post earnings of $5.70 per share, with EPS estimates ranging from $4.80 to $6.10. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow American International Group.

American International Group (NYSE:AIG) last released 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 during the quarter, compared to the consensus estimate of $11 billion. American International Group had a net margin of 1.00% and a return on equity of 5.36%. During the same period last year, the firm earned $0.65 EPS.

AIG has been the subject of several recent analyst reports. TheStreet raised shares of American International Group from a “c” rating to a “b-” rating in a research report on Wednesday, May 3rd. Wells Fargo & Company reaffirmed a “buy” rating on shares of American International Group in a research report on Thursday, April 20th. Vetr raised shares of American International Group from a “buy” rating to a “strong-buy” rating and set a $72.50 price objective for the company in a research report on Tuesday, March 28th. Morgan Stanley raised shares of American International Group from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $62.87 to $61.82 in a research report on Tuesday, May 16th. Finally, Zacks Investment Research cut shares of American International Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. American International Group presently has an average rating of “Buy” and an average price target of $65.15.

Shares of American International Group (NYSE AIG) traded up 0.50% during midday trading on Wednesday, hitting $64.19. 2,871,741 shares of the company were exchanged. American International Group has a one year low of $53.93 and a one year high of $67.47. The company has a market capitalization of $59.43 billion, a P/E ratio of 130.47 and a beta of 1.13. The company has a 50-day moving average of $63.57 and a 200 day moving average of $63.19.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 28th. Shareholders of record on Wednesday, June 14th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Monday, June 12th. American International Group’s dividend payout ratio is presently 412.92%.

American International Group announced that its board has authorized a share repurchase plan on Wednesday, May 3rd that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the insurance provider to reacquire up to 4.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

In other news, CEO Brian Duperreault bought 80,000 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was acquired at an average price of $61.48 per share, with a total value of $4,918,400.00. Following the transaction, the chief executive officer now owns 80,000 shares of the company’s stock, valued at approximately $4,918,400. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.52% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in AIG. River & Mercantile Asset Management LLP acquired a new position in American International Group during the fourth quarter worth about $2,593,000. Lincluden Management Ltd. boosted its position in shares of American International Group by 4.9% in the fourth quarter. Lincluden Management Ltd. now owns 161,215 shares of the insurance provider’s stock worth $10,529,000 after buying an additional 7,459 shares in the last quarter. Wealthfront Inc. boosted its position in shares of American International Group by 38.3% in the fourth quarter. Wealthfront Inc. now owns 16,873 shares of the insurance provider’s stock worth $1,102,000 after buying an additional 4,670 shares in the last quarter. Orbis Allan Gray Ltd boosted its position in shares of American International Group by 74.5% in the fourth quarter. Orbis Allan Gray Ltd now owns 3,446,372 shares of the insurance provider’s stock worth $225,083,000 after buying an additional 1,471,384 shares in the last quarter. Finally, Whalerock Point Partners LLC boosted its position in shares of American International Group by 1.8% in the fourth quarter. Whalerock Point Partners LLC now owns 19,647 shares of the insurance provider’s stock worth $1,283,000 after buying an additional 350 shares in the last quarter. 86.16% of the stock is owned by institutional investors and hedge funds.

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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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Earnings History and Estimates for American International Group (NYSE:AIG)

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