Brokerages Anticipate American International Group Inc (AIG) Will Announce Earnings of $0.79 Per Share

Brokerages expect American International Group Inc (NYSE:AIG) to post earnings per share of $0.79 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for American International Group’s earnings, with the highest EPS estimate coming in at $1.15 and the lowest estimate coming in at $0.42. American International Group posted earnings per share of $0.57 during the same quarter last year, which would suggest a positive year-over-year growth rate of 38.6%. The business is scheduled to report its next earnings results on Thursday, February 14th.

According to Zacks, analysts expect that American International Group will report full-year earnings of $2.56 per share for the current financial year, with EPS estimates ranging from $2.20 to $2.93. For the next year, analysts anticipate that the company will report earnings of $4.99 per share, with EPS estimates ranging from $4.75 to $5.15. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover American International Group.

American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, October 31st. The insurance provider reported ($0.34) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.40). American International Group had a negative net margin of 12.73% and a positive return on equity of 3.44%. The company had revenue of $12 billion during the quarter, compared to analyst estimates of $12.44 billion. During the same quarter last year, the business earned ($1.22) EPS.

A number of equities research analysts have commented on the company. Argus decreased their price objective on American International Group from $63.00 to $58.00 and set a “buy” rating for the company in a research report on Friday, August 10th. Morgan Stanley set a $65.00 price objective on American International Group and gave the stock a “buy” rating in a research report on Wednesday, October 17th. Wells Fargo & Co set a $62.00 price objective on American International Group and gave the stock a “buy” rating in a research report on Thursday, October 18th. Deutsche Bank decreased their price objective on American International Group from $54.00 to $52.00 and set a “hold” rating for the company in a research report on Monday, October 22nd. Finally, Barclays decreased their price objective on American International Group from $71.00 to $62.00 and set an “overweight” rating for the company in a research report on Monday, November 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $59.31.

Several institutional investors and hedge funds have recently bought and sold shares of AIG. Advisors Asset Management Inc. raised its stake in shares of American International Group by 21,735.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 9,171 shares of the insurance provider’s stock worth $100,000 after purchasing an additional 9,129 shares in the last quarter. Zions Bancorporation purchased a new stake in shares of American International Group during the 3rd quarter worth about $124,000. Financial Engines Advisors L.L.C. raised its stake in shares of American International Group by 350.2% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 2,890 shares of the insurance provider’s stock worth $154,000 after purchasing an additional 2,248 shares in the last quarter. Integrated Investment Consultants LLC raised its stake in shares of American International Group by 3,312.4% during the 2nd quarter. Integrated Investment Consultants LLC now owns 3,037 shares of the insurance provider’s stock worth $161,000 after purchasing an additional 2,948 shares in the last quarter. Finally, Canton Hathaway LLC purchased a new stake in shares of American International Group during the 3rd quarter worth about $163,000. 90.18% of the stock is owned by institutional investors.

NYSE AIG traded down $1.51 during trading on Friday, reaching $37.90. 9,247,854 shares of the company’s stock were exchanged, compared to its average volume of 7,480,186. American International Group has a fifty-two week low of $37.83 and a fifty-two week high of $65.05. The firm has a market capitalization of $34.86 billion, a PE ratio of 15.79, a PEG ratio of 1.38 and a beta of 1.49. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.58.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 12th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date is Tuesday, December 11th. American International Group’s dividend payout ratio (DPR) is presently 53.33%.

About American International Group

American International Group, Inc provides insurance products for commercial, institutional, and individual customers primarily in the United States, Europe, and Japan. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, and marine insurance.

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