American International Group Inc (AIG) to Post Q4 2017 Earnings of $0.60 Per Share, Langen Mcalenn Forecasts
American International Group Inc (NYSE:AIG) – Equities research analysts at Langen Mcalenn dropped their Q4 2017 earnings per share (EPS) estimates for shares of American International Group in a research report issued on Tuesday. Langen Mcalenn analyst L. Greenberg now forecasts that the insurance provider will post earnings per share of $0.60 for the quarter, down from their prior estimate of $0.77.
A number of other equities analysts have also recently commented on the company. Zacks Investment Research raised American International Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 12th. Deutsche Bank raised American International Group from a “sell” rating to a “hold” rating and boosted their price target for the stock from $58.00 to $59.00 in a report on Wednesday, December 6th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $74.00 price target on shares of American International Group in a report on Wednesday, December 6th. Wells Fargo & Co set a $75.00 price target on American International Group and gave the stock a “buy” rating in a report on Tuesday, October 17th. Finally, Bank of America cut American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price target for the company. in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $67.41.
American International Group (NYSE:AIG) last announced its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($2.45). The company had revenue of $12.67 billion during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $1.23 earnings per share.
The company also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 8th were issued a $0.32 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.28 dividend on an annualized basis and a yield of 2.09%. American International Group’s payout ratio is presently -51.41%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its holdings in American International Group by 1.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,004 shares of the insurance provider’s stock worth $250,000 after purchasing an additional 68 shares in the last quarter. Roundview Capital LLC increased its holdings in American International Group by 0.7% in the 2nd quarter. Roundview Capital LLC now owns 10,353 shares of the insurance provider’s stock worth $647,000 after purchasing an additional 75 shares in the last quarter. First Allied Advisory Services Inc. increased its holdings in American International Group by 4.4% in the 2nd quarter. First Allied Advisory Services Inc. now owns 7,541 shares of the insurance provider’s stock worth $472,000 after purchasing an additional 319 shares in the last quarter. Moors & Cabot Inc. increased its holdings in American International Group by 6.6% in the 2nd quarter. Moors & Cabot Inc. now owns 8,062 shares of the insurance provider’s stock worth $503,000 after purchasing an additional 502 shares in the last quarter. Finally, Caxton Associates LP increased its holdings in American International Group by 10.8% in the 2nd quarter. Caxton Associates LP now owns 8,200 shares of the insurance provider’s stock worth $513,000 after purchasing an additional 800 shares in the last quarter. 85.89% of the stock is owned by institutional investors and hedge funds.
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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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