Langen Mcalenn Comments on American International Group Inc’s Q2 2019 Earnings (AIG)

American International Group Inc (NYSE:AIG) – Analysts at Langen Mcalenn issued their Q2 2019 earnings per share estimates for shares of American International Group in a note issued to investors on Tuesday. Langen Mcalenn analyst L. Greenberg forecasts that the insurance provider will post earnings of $1.64 per share for the quarter. Langen Mcalenn also issued estimates for American International Group’s Q4 2019 earnings at $1.68 EPS and FY2019 earnings at $6.60 EPS.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Thursday, February 8th. The insurance provider reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.18). American International Group had a positive return on equity of 3.02% and a negative net margin of 5.07%. During the same period in the previous year, the business posted ($2.96) EPS.

AIG has been the topic of several other research reports. 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 research note on Wednesday, December 6th. Zacks Investment Research lowered American International Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Wells Fargo & Co reissued a “buy” rating on shares of American International Group in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods reissued a “buy” rating and set a $76.00 price target on shares of American International Group in a research note on Friday, December 22nd. Finally, Bank of America raised American International Group from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $59.40 to $58.28 in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $66.87.

Shares of American International Group (AIG) traded down $0.03 during trading hours on Wednesday, hitting $59.40. The stock had a trading volume of 4,117,586 shares, compared to its average volume of 6,489,676. The stock has a market cap of $53,110.00, a price-to-earnings ratio of -23.89, a price-to-earnings-growth ratio of 0.98 and a beta of 1.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.26 and a quick ratio of 0.26. American International Group has a fifty-two week low of $57.85 and a fifty-two week high of $67.30.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.28 annualized dividend and a yield of 2.15%. American International Group’s dividend payout ratio (DPR) is presently -51.41%.

A number of institutional investors and hedge funds have recently modified their holdings of AIG. Connable Office Inc. acquired a new stake in shares of American International Group during the 3rd quarter worth $1,563,000. State of Alaska Department of Revenue increased its holdings in shares of American International Group by 334.7% during the 4th quarter. State of Alaska Department of Revenue now owns 97,947 shares of the insurance provider’s stock worth $5,834,000 after buying an additional 75,415 shares during the last quarter. Synovus Financial Corp increased its holdings in shares of American International Group by 1.9% during the 3rd quarter. Synovus Financial Corp now owns 93,385 shares of the insurance provider’s stock worth $5,715,000 after buying an additional 1,727 shares during the last quarter. Patriot Wealth Management Inc. increased its holdings in shares of American International Group by 1.4% during the 4th quarter. Patriot Wealth Management Inc. now owns 142,495 shares of the insurance provider’s stock worth $8,490,000 after buying an additional 1,989 shares during the last quarter. Finally, Torray LLC increased its holdings in shares of American International Group by 26.0% during the 3rd quarter. Torray LLC now owns 190,836 shares of the insurance provider’s stock worth $11,715,000 after buying an additional 39,368 shares during the last quarter. Institutional investors own 85.61% of the company’s stock.

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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 and Estimates for American International Group (NYSE:AIG)

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