American International Group, Inc. Expected to Post Q4 2017 Earnings of $1.01 Per Share (AIG)
American International Group, Inc. (NYSE:AIG) – Stock analysts at William Blair dropped their Q4 2017 EPS estimates for American International Group in a research note issued on Tuesday. William Blair analyst A. Klauber now forecasts that the insurance provider will post earnings of $1.01 per share for the quarter, down from their prior estimate of $1.14. William Blair also issued estimates for American International Group’s Q1 2018 earnings at $1.15 EPS, Q3 2018 earnings at $1.26 EPS and Q4 2018 earnings at $1.16 EPS.
Several other equities research analysts have also commented on the stock. Buckingham Research initiated coverage on shares of American International Group in a research note on Monday, September 11th. They issued an “underperform” rating and a $52.00 price objective for the company. Royal Bank Of Canada reissued a “buy” rating and set a $73.00 target price on shares of American International Group in a research report on Wednesday, September 6th. Zacks Investment Research raised shares of American International Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Wells Fargo & Company set a $75.00 target price on shares of American International Group and gave the company a “buy” rating in a research report on Tuesday, October 17th. Finally, Barclays PLC reduced their target price on shares of American International Group from $74.00 to $71.00 and set an “overweight” rating for the company in a research report on Monday, October 16th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $68.18.
Shares of American International Group (NYSE AIG) opened at $59.23 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.26 and a quick ratio of 0.26. The company has a market cap of $53,604.95, a PE ratio of 23.76, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. American International Group has a one year low of $57.90 and a one year high of $67.47.
American International Group (NYSE:AIG) last posted its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($2.45). The firm had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.05 billion. American International Group had a negative net margin of 5.07% and a positive return on equity of 3.43%. During the same quarter last year, the business posted $1.23 EPS.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Chicago Partners Investment Group LLC bought a new position in American International Group in the 3rd quarter worth approximately $163,000. Davis Selected Advisers boosted its holdings in American International Group by 0.9% in the 3rd quarter. Davis Selected Advisers now owns 357,634 shares of the insurance provider’s stock valued at $21,955,000 after purchasing an additional 3,340 shares during the period. Gofen & Glossberg LLC IL bought a new position in American International Group in the 3rd quarter valued at $441,000. EagleClaw Capital Managment LLC boosted its holdings in American International Group by 7.1% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 28,800 shares of the insurance provider’s stock valued at $1,761,000 after purchasing an additional 1,900 shares during the period. Finally, Moors & Cabot Inc. boosted its holdings in American International Group by 19.6% in the 3rd quarter. Moors & Cabot Inc. now owns 9,639 shares of the insurance provider’s stock valued at $590,000 after purchasing an additional 1,577 shares during the period. 84.67% of the stock is owned by institutional investors.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, December 7th. American International Group’s dividend payout ratio (DPR) is presently -51.00%.
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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