American International Group Inc (NYSE:AIG) – Research analysts at William Blair issued their Q1 2019 earnings per share (EPS) estimates for shares of American International Group in a report issued on Tuesday. William Blair analyst A. Klauber expects that the insurance provider will earn $1.40 per share for the quarter. William Blair also issued estimates for American International Group’s Q3 2019 earnings at $1.69 EPS and FY2019 earnings at $5.84 EPS.
A number of other analysts also recently issued reports on AIG. Goldman Sachs Group assumed coverage on American International Group in a research report on Monday, December 4th. They issued a “neutral” rating and a $61.00 target price for the company. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $76.00 target price on shares of American International Group in a research report on Friday, December 22nd. Credit Suisse Group set a $73.00 target price on American International Group and gave the stock a “buy” rating in a research report on Monday, January 22nd. Zacks Investment Research raised American International Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, Bank of America raised American International Group from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $59.40 to $58.28 in a research report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. American International Group currently has an average rating of “Hold” and a consensus price target of $66.71.
American International Group (NYSE:AIG) last released its earnings results on Thursday, February 8th. The insurance provider reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.18). American International Group had a positive return on equity of 3.10% and a negative net margin of 12.62%. During the same period in the previous year, the company earned ($2.96) earnings per share.
Several hedge funds and other institutional investors have recently made changes to their positions in AIG. Synovus Financial Corp boosted its stake in American International Group by 1.9% during the third quarter. Synovus Financial Corp now owns 93,385 shares of the insurance provider’s stock valued at $5,715,000 after buying an additional 1,727 shares during the period. State of Alaska Department of Revenue boosted its stake in American International Group by 334.7% during the fourth quarter. State of Alaska Department of Revenue now owns 97,947 shares of the insurance provider’s stock valued at $5,834,000 after buying an additional 75,415 shares during the period. Patriot Wealth Management Inc. boosted its stake in American International Group by 1.4% during the fourth quarter. Patriot Wealth Management Inc. now owns 142,495 shares of the insurance provider’s stock valued at $8,490,000 after buying an additional 1,989 shares during the period. Torray LLC boosted its stake in American International Group by 26.0% during the third quarter. Torray LLC now owns 190,836 shares of the insurance provider’s stock valued at $11,715,000 after buying an additional 39,368 shares during the period. Finally, PGGM Investments boosted its stake in American International Group by 50.3% during the fourth quarter. PGGM Investments now owns 1,367,500 shares of the insurance provider’s stock valued at $81,476,000 after buying an additional 457,833 shares during the period. Institutional investors own 87.34% of the company’s stock.
In other news, insider Claudine Macartney sold 2,052 shares of American International Group stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $59.61, for a total value of $122,319.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Don Cornwell sold 2,500 shares of American International Group stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $58.78, for a total value of $146,950.00. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Wednesday, March 14th. American International Group’s dividend payout ratio (DPR) is presently 256.00%.
COPYRIGHT VIOLATION NOTICE: “American International Group Inc (AIG) Forecasted to Earn Q1 2019 Earnings of $1.40 Per Share” was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2018/03/14/american-international-group-inc-aig-forecasted-to-earn-q1-2019-earnings-of-1-40-per-share.html.
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.
Receive News & Ratings for American International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American International Group and related companies with MarketBeat.com's FREE daily email newsletter.