FY2018 EPS Estimates for American International Group Inc Boosted by Analyst (AIG)

American International Group Inc (NYSE:AIG) – Stock analysts at Langen Mcalenn upped their FY2018 earnings per share (EPS) estimates for American International Group in a research report issued on Tuesday. Langen Mcalenn analyst L. Greenberg now expects that the insurance provider will post earnings of $6.05 per share for the year, up from their previous estimate of $5.20.

American International Group (NYSE:AIG) last released its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($2.45). American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. The company had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.05 billion. During the same period in the prior year, the company posted $1.23 earnings per share.

A number of other equities research analysts have also recently commented on AIG. UBS Group cut their target price on American International Group from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Monday, October 2nd. Wells Fargo & Co reissued a “buy” rating and issued a $75.00 target price on shares of American International Group in a research note on Sunday, October 1st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $75.00 target price on shares of American International Group in a research note on Friday, October 6th. Bank of America cut their target price on American International Group from $71.00 to $69.00 and set a “buy” rating on the stock in a research note on Tuesday, October 10th. Finally, ValuEngine cut American International Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $67.41.

American International Group (AIG) traded up $0.02 during midday trading on Thursday, hitting $61.55. The stock had a trading volume of 6,493,810 shares, compared to its average volume of 4,880,000. American International Group has a 52-week low of $57.85 and a 52-week high of $67.45. The stock has a market capitalization of $55,330.00, a PE ratio of -24.72, a P/E/G ratio of 0.99 and a beta of 1.18. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.26 and a current ratio of 0.26.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.28 annualized dividend and a dividend yield of 2.08%. American International Group’s dividend payout ratio (DPR) is presently -51.41%.

Several institutional investors have recently added to or reduced their stakes in AIG. Stephens Inc. AR boosted its position in shares of American International Group by 15.6% during the second quarter. Stephens Inc. AR now owns 6,863 shares of the insurance provider’s stock valued at $429,000 after buying an additional 928 shares during the last quarter. GSA Capital Partners LLP bought a new position in American International Group in the second quarter valued at about $1,659,000. ETRADE Capital Management LLC bought a new position in American International Group in the second quarter valued at about $213,000. TIAA FSB bought a new position in American International Group in the second quarter valued at about $15,690,000. Finally, Wealthfront Inc. lifted its holdings in American International Group by 20.4% in the second quarter. Wealthfront Inc. now owns 25,884 shares of the insurance provider’s stock valued at $1,618,000 after acquiring an additional 4,387 shares during the period. 85.89% of the stock is currently owned by institutional investors.

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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.

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