American International Group Inc to Post Q4 2017 Earnings of $1.02 Per Share, B. Riley Forecasts (AIG)
American International Group Inc (NYSE:AIG) – B. Riley issued their Q4 2017 earnings per share (EPS) estimates for American International Group in a note issued to investors on Monday. B. Riley analyst R. Binner forecasts that the insurance provider will post earnings per share of $1.02 for the quarter. B. Riley has a “Neutral” rating on the stock.
American International Group (NYSE:AIG) last announced its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.22) EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($2.45). The firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.05 billion. American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. During the same quarter in the previous year, the business earned $1.23 earnings per share.
Shares of American International Group (NYSE:AIG) opened at $59.53 on Wednesday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $53,272.33, a PE ratio of 23.61, a P/E/G ratio of 1.95 and a beta of 1.17. American International Group has a 12-month low of $57.90 and a 12-month high of $67.47.
The business 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 dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, December 7th. American International Group’s dividend payout ratio (DPR) is currently -51.00%.
A number of institutional investors and hedge funds have recently modified their holdings of AIG. Pathstone Family Office LLC lifted its holdings in shares of American International Group by 2,557.1% during the 2nd quarter. Pathstone Family Office LLC now owns 1,488 shares of the insurance provider’s stock valued at $2,227,000 after purchasing an additional 1,432 shares in the last quarter. Bank of Nova Scotia Trust Co. bought a new position in shares of American International Group during the 3rd quarter valued at about $109,000. Peddock Capital Advisors LLC lifted its holdings in shares of American International Group by 100.0% during the 2nd quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock valued at $159,000 after purchasing an additional 1,271 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of American International Group during the 3rd quarter valued at about $163,000. Finally, Rational Advisors LLC lifted its holdings in shares of American International Group by 100.0% during the 3rd quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock valued at $184,000 after purchasing an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.
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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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