Q1 2018 EPS Estimates for American International Group Inc (AIG) Lowered by Analyst

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) opened at $59.75 on Thursday. The stock has a market cap of $53,427.57, a P/E ratio of -8.65, a PEG ratio of 0.95 and a beta of 1.18. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.43. American International Group has a 52 week low of $57.85 and a 52 week high of $67.30.

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.

Earnings History and Estimates for American International Group (NYSE:AIG)

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