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.
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.
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