American International Group, Inc. (NYSE:AIG) – Stock analysts at Langen Mcalenn reduced their Q3 2017 earnings per share estimates for shares of American International Group in a report issued on Monday. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will post earnings of $1.24 per share for the quarter, down from their previous estimate of $1.31. Langen Mcalenn also issued estimates for American International Group’s Q4 2017 earnings at $1.17 EPS, FY2017 earnings at $5.30 EPS, Q1 2018 earnings at $1.35 EPS, Q2 2018 earnings at $1.40 EPS, Q3 2018 earnings at $1.42 EPS, Q4 2018 earnings at $1.43 EPS and FY2018 earnings at $5.60 EPS.

Other analysts have also issued reports about the company. TheStreet raised American International Group from a “c” rating to a “b-” rating in a report on Wednesday, May 3rd. Wells Fargo & Company reaffirmed a “buy” rating on shares of American International Group in a report on Wednesday, July 5th. Zacks Investment Research raised American International Group from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Wednesday, July 5th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $71.00 target price on shares of American International Group in a report on Monday, April 24th. Finally, Credit Suisse Group set a $72.00 target price on American International Group and gave the stock a “buy” rating in a report on Saturday, April 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned 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 price target of $65.22.

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American International Group (NYSE AIG) opened at 64.98 on Tuesday. The stock has a market capitalization of $60.16 billion, a PE ratio of 132.07 and a beta of 1.14. American International Group has a 52-week low of $56.80 and a 52-week high of $67.47. The stock’s 50 day moving average price is $63.89 and its 200-day moving average price is $63.11.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.33. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $12.61 billion. During the same period in the previous year, the firm earned $0.98 EPS.

Several institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. increased its position in American International Group by 450.4% in the fourth quarter. Macquarie Group Ltd. now owns 186,542 shares of the insurance provider’s stock valued at $12,183,000 after buying an additional 152,647 shares during the period. Private Bank & Trust Co. increased its position in American International Group by 18.5% in the first quarter. Private Bank & Trust Co. now owns 12,836 shares of the insurance provider’s stock valued at $802,000 after buying an additional 2,003 shares during the period. Parametrica Management Ltd purchased a new position in American International Group during the first quarter valued at $370,000. Atria Investments LLC increased its position in American International Group by 2.6% in the first quarter. Atria Investments LLC now owns 27,710 shares of the insurance provider’s stock valued at $1,730,000 after buying an additional 694 shares during the period. Finally, Eastern Bank increased its position in American International Group by 3.0% in the first quarter. Eastern Bank now owns 7,231 shares of the insurance provider’s stock valued at $451,000 after buying an additional 210 shares during the period. Institutional investors and hedge funds own 85.88% of the company’s stock.

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

American International Group declared that its Board of Directors has approved a share buyback program on Wednesday, May 3rd that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the insurance provider to reacquire up to 4.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.32 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.97%. American International Group’s dividend payout ratio (DPR) is presently -711.07%.

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 and Estimates for American International Group (NYSE:AIG)

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