American International Group (AIG) Expected to Announce Earnings of $1.25 Per Share

Brokerages predict that American International Group (NYSE:AIG) will post earnings of $1.25 per share for the current quarter, according to Zacks. Zero analysts have made estimates for American International Group’s earnings, with estimates ranging from $1.02 to $1.40. American International Group reported earnings of $1.36 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 8.1%. The firm is expected to report its next quarterly earnings report after the market closes on Wednesday, May 2nd.

On average, analysts expect that American International Group will report full-year earnings of $5.41 per share for the current year, with EPS estimates ranging from $5.05 to $5.70. For the next fiscal year, analysts expect that the firm will report earnings of $6.05 per share, with EPS estimates ranging from $5.50 to $6.60. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover American International Group.

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American International Group (NYSE:AIG) last released its quarterly earnings results on Thursday, February 8th. The insurance provider reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.18). American International Group had a negative net margin of 12.62% and a positive return on equity of 3.10%. During the same period in the previous year, the firm posted ($2.96) EPS.

Several equities analysts have weighed in on AIG shares. Keefe, Bruyette & Woods restated a “buy” rating and set a $76.00 price target on shares of American International Group in a report on Friday, December 22nd. Zacks Investment Research cut American International Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Wells Fargo restated a “buy” rating on shares of American International Group in a report on Tuesday, January 2nd. Credit Suisse Group set a $73.00 price target on American International Group and gave the company a “buy” rating in a report on Monday, January 22nd. Finally, Bank of America upgraded American International Group from a “neutral” rating to a “buy” rating and cut their price target for the company from $59.40 to $58.28 in a report on Friday, February 9th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $66.16.

NYSE AIG traded up $0.05 during trading on Friday, hitting $54.31. 455,246 shares of the stock traded hands, compared to its average volume of 7,071,622. The stock has a market capitalization of $48,986.01, a PE ratio of 22.62, a P/E/G ratio of 0.90 and a beta of 1.25. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.25 and a quick ratio of 0.25. American International Group has a 12-month low of $52.42 and a 12-month high of $67.30.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Wednesday, March 14th. American International Group’s dividend payout ratio (DPR) is 53.33%.

In related news, insider Claudine Macartney sold 2,052 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $59.61, for a total transaction of $122,319.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W Don Cornwell sold 2,500 shares of the business’s 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. 0.05% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Stuart Chaussee & Associates Inc. purchased a new position in American International Group during the 4th quarter valued at $134,000. Chicago Partners Investment Group LLC purchased a new position in American International Group during the 3rd quarter valued at $163,000. Dragon Financial & Investment Group LLC purchased a new position in American International Group during the 4th quarter valued at $201,000. Mycio Wealth Partners LLC purchased a new position in American International Group during the 4th quarter valued at $202,000. Finally, Gould Asset Management LLC CA purchased a new position in American International Group during the 4th quarter valued at $209,000. Institutional investors own 87.25% of the company’s stock.

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American International Group Company Profile

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

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