American International Group, Inc. (NYSE:AIG) – Equities researchers at FBR & Co cut their FY2018 earnings per share estimates for shares of American International Group in a report released on Tuesday. FBR & Co analyst R. Binner now forecasts that the insurance provider will earn $5.15 per share for the year, down from their prior estimate of $5.30. FBR & Co also issued estimates for American International Group’s FY2019 earnings at $5.75 EPS.

Several other equities research analysts also recently issued reports on the stock. Morgan Stanley restated a “buy” rating on shares of American International Group in a research note on Tuesday. ValuEngine downgraded shares of American International Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Bank of America Corporation lowered their price objective on shares of American International Group from $71.00 to $69.00 and set a “buy” rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods restated a “buy” rating and issued a $75.00 price objective on shares of American International Group in a research note on Friday, October 6th. Finally, Wells Fargo & Company restated a “buy” rating and issued a $75.00 price objective on shares of American International Group in a research note on Sunday, October 1st. Three analysts have rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $68.35.

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American International Group (NYSE:AIG) traded down 0.16% during mid-day trading on Wednesday, reaching $61.68. 2,029,189 shares of the company traded hands. The company has a market capitalization of $55.72 billion, a P/E ratio of 514.00 and a beta of 1.16. The stock has a 50 day moving average price of $60.65 and a 200-day moving average price of $62.21. American International Group has a 52-week low of $57.35 and a 52-week high of $67.47.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. Canada Pension Plan Investment Board lifted its holdings in shares of American International Group by 12.6% during the second quarter. Canada Pension Plan Investment Board now owns 11,631,827 shares of the insurance provider’s stock valued at $727,222,000 after acquiring an additional 1,300,900 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in shares of American International Group by 27.1% during the second quarter. TIAA CREF Investment Management LLC now owns 9,857,378 shares of the insurance provider’s stock valued at $616,283,000 after acquiring an additional 2,103,522 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of American International Group by 1.7% during the second quarter. Alliancebernstein L.P. now owns 9,432,868 shares of the insurance provider’s stock valued at $589,743,000 after acquiring an additional 159,529 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of American International Group by 7.0% during the second quarter. Bank of New York Mellon Corp now owns 8,904,042 shares of the insurance provider’s stock valued at $556,681,000 after acquiring an additional 584,450 shares during the period. Finally, Boston Partners lifted its holdings in shares of American International Group by 262.4% during the second quarter. Boston Partners now owns 6,861,857 shares of the insurance provider’s stock valued at $429,003,000 after acquiring an additional 4,968,504 shares during the period. 83.98% of the stock is owned by institutional investors.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.07%. American International Group’s payout ratio is presently -711.07%.

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.

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

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