American International Group, Inc. (NYSE:AIG) is scheduled to be releasing its earnings data after the market closes on Wednesday, August 2nd. Analysts expect American International Group to post earnings of $1.20 per share for the quarter.

American International Group (NYSE:AIG) last issued its earnings results on Wednesday, May 3rd. The insurance provider reported $1.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.25. The firm had revenue of $11.31 billion during the quarter, compared to analyst estimates 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 in the previous year, the firm earned $0.65 earnings per share. On average, analysts expect American International Group to post $5.02 EPS for the current fiscal year and $5.68 EPS for the next fiscal year.

Shares of American International Group, Inc. (NYSE:AIG) opened at 65.29 on Wednesday. The stock’s 50 day moving average is $63.60 and its 200-day moving average is $63.17. American International Group, Inc. has a 52 week low of $53.93 and a 52 week high of $67.47. The stock has a market capitalization of $60.44 billion, a price-to-earnings ratio of 132.70 and a beta of 1.13.

American International Group declared that its Board of Directors has approved 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 repurchase up to 4.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 28th. Investors 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 dividend yield of 1.96%. The ex-dividend date was Monday, June 12th. American International Group’s payout ratio is 412.92%.

In other American International Group news, CEO Brian Duperreault bought 80,000 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were 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 $4,918,400. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.52% of the stock is currently owned by company insiders.

A number of equities analysts recently commented on AIG shares. Vetr upgraded American International Group from a “buy” rating to a “strong-buy” rating and set a $72.50 target price for the company in a report on Tuesday, March 28th. J P Morgan Chase & Co lowered their target price on American International Group from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, April 3rd. Wells Fargo & Company restated a “buy” rating on shares of American International Group in a report on Wednesday, April 12th. Credit Suisse Group set a $72.00 target price on American International Group and gave the company a “buy” rating in a report on Saturday, April 15th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $71.00 target price on shares of American International Group in a report on Monday, April 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. American International Group presently has a consensus rating of “Buy” and an average target price of $65.15.

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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 for American International Group (NYSE:AIG)

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