American International Group, Inc. (AIG) Issues Earnings Results
American International Group, Inc. (NYSE:AIG) released its quarterly earnings data on Thursday. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($2.45), Bloomberg Earnings reports. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. During the same period in the prior year, the company posted $1.23 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of Infinity.
A number of equities analysts have recently commented on the company. Wells Fargo & Company reiterated a “buy” rating on shares of American International Group in a report on Wednesday, July 5th. Zacks Investment Research cut American International Group from a “hold” rating to a “sell” rating in a report on Monday. BidaskClub upgraded American International Group from a “hold” rating to a “buy” rating in a report on Monday, August 7th. Barclays PLC dropped their target price on American International Group from $74.00 to $71.00 and set an “overweight” rating for the company in a report on Monday, October 16th. Finally, Deutsche Bank AG reiterated a “sell” rating and issued a $60.00 target price (up previously from $57.00) on shares of American International Group in a report on Wednesday, August 9th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. American International Group has a consensus rating of “Hold” and an average target price of $68.18.
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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