American International Group, Inc. (NYSE:AIG) – Equities researchers at Langen Mcalenn lowered their FY2017 earnings per share (EPS) estimates for shares of American International Group in a research report issued on Tuesday. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will earn $3.38 per share for the year, down from their prior forecast of $3.43. Langen Mcalenn also issued estimates for American International Group’s FY2018 earnings at $5.45 EPS.

Several other research analysts have also recently weighed in on the stock. Buckingham Research initiated coverage on shares of American International Group in a research report on Monday, September 11th. They issued an “underperform” rating and a $52.00 price objective on the stock. Zacks Investment Research upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research report on Wednesday, July 5th. Royal Bank Of Canada restated a “buy” rating and issued a $73.00 price objective on shares of American International Group in a research report on Wednesday, September 6th. BidaskClub cut shares of American International Group from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of American International Group in a research report on Wednesday, July 5th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. American International Group presently has a consensus rating of “Hold” and a consensus target price of $68.35.

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Shares of American International Group (AIG) opened at 61.78 on Wednesday. The company’s 50-day moving average is $60.65 and its 200 day moving average is $62.21. American International Group has a 52-week low of $57.35 and a 52-week high of $67.47. The firm’s market capitalization is $55.81 billion.

American International Group (NYSE:AIG) last announced 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 company had revenue of $11.23 billion for the quarter, compared to analyst estimates 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 previous year, the firm posted $0.98 EPS.

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

A number of hedge funds have recently made changes to their positions in AIG. Waldron LP purchased a new stake in American International Group in the first quarter worth $208,000. Comerica Securities Inc. purchased a new stake in American International Group in the first quarter worth $865,000. Stuyvesant Capital Management lifted its stake in American International Group by 4.3% in the first quarter. Stuyvesant Capital Management now owns 46,029 shares of the insurance provider’s stock worth $2,874,000 after acquiring an additional 1,900 shares during the period. Chicago Partners Investment Group LLC lifted its stake in American International Group by 0.5% in the first quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock worth $165,000 after acquiring an additional 14 shares during the period. Finally, LMR Partners LLP lifted its stake in American International Group by 407.0% in the first quarter. LMR Partners LLP now owns 95,097 shares of the insurance provider’s stock worth $5,937,000 after acquiring an additional 76,340 shares during the period. 83.98% of the stock is owned by institutional investors.

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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