American International Group (AIG) Posts Quarterly Earnings Results, Misses Estimates By $0.18 EPS

American International Group (NYSE:AIG) issued its quarterly earnings data on Thursday. The insurance provider reported $0.57 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.18), Bloomberg Earnings reports. American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. During the same quarter last year, the business earned ($2.96) earnings per share.

Shares of American International Group (NYSE AIG) traded up $2.22 during trading on Friday, reaching $60.50. 3,166,364 shares of the company’s stock traded hands, compared to its average volume of 6,210,763. American International Group has a 52 week low of $57.85 and a 52 week high of $67.30. 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 stock has a market cap of $52,390.00, a P/E ratio of -24.05, a P/E/G ratio of 0.99 and a beta of 1.17.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.12%. American International Group’s payout ratio is currently -51.41%.

AIG has been the topic of several recent analyst reports. Wells Fargo & Co restated a “buy” rating on shares of American International Group in a report on Tuesday, January 2nd. Zacks Investment Research lowered shares of American International Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. B. Riley reiterated a “neutral” rating on shares of American International Group in a report on Monday, November 6th. Bank of America upgraded shares of American International Group from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $59.40 to $58.28 in a report on Friday. Finally, Barclays reduced their target price on shares of American International Group from $74.00 to $71.00 and set an “overweight” rating on the stock in a report on Monday, October 16th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $66.87.

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About American International Group

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 for American International Group (NYSE:AIG)

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