American International Group Inc (NYSE:AIG) – Investment analysts at Langen Mcalenn reduced their Q1 2018 EPS estimates for American International Group in a research report issued to clients and investors on Tuesday. Langen Mcalenn analyst L. Greenberg now forecasts that the insurance provider will earn $1.42 per share for the quarter, down from their previous forecast of $1.44. Langen Mcalenn also issued estimates for American International Group’s Q2 2018 earnings at $1.45 EPS, Q3 2018 earnings at $1.51 EPS, Q4 2018 earnings at $1.53 EPS, FY2018 earnings at $5.90 EPS, Q1 2019 earnings at $1.62 EPS and Q3 2019 earnings at $1.65 EPS.
Several other equities analysts have also recently issued reports on the stock. Bank of America raised shares of American International Group from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $59.40 to $58.28 in a research note on Friday, February 9th. Credit Suisse Group set a $73.00 price objective on shares of American International Group and gave the stock a “buy” rating in a research note on Monday, January 22nd. Zacks Investment Research raised shares of American International Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Wells Fargo & Co reaffirmed a “buy” rating on shares of American International Group in a research note on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $76.00 price objective on shares of American International Group in a research note on Friday, December 22nd. Two 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 issued a strong buy rating to the company. American International Group presently has a consensus rating of “Hold” and an average target price of $66.87.
American International Group (NYSE:AIG) last announced its quarterly earnings data on Thursday, February 8th. The insurance provider reported $0.57 earnings per share (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 quarter last year, the firm posted ($2.96) earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Wednesday, March 14th. American International Group’s dividend payout ratio is currently -18.63%.
Hedge funds have recently bought and sold shares of the stock. Bank of Nova Scotia Trust Co. acquired a new stake in shares of American International Group during the third quarter worth approximately $109,000. Stuart Chaussee & Associates Inc. acquired a new stake in shares of American International Group during the fourth quarter worth approximately $134,000. Chicago Partners Investment Group LLC acquired a new stake in shares of American International Group during the third quarter worth approximately $163,000. Rational Advisors LLC boosted its holdings in shares of American International Group by 100.0% during the third quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock worth $184,000 after purchasing an additional 1,500 shares during the period. Finally, First Capital Advisors Group LLC. acquired a new stake in shares of American International Group during the third quarter worth approximately $200,000. Institutional investors and hedge funds 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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