American International Group Inc (AIG) Expected to Announce Earnings of $1.29 Per Share

Brokerages forecast that American International Group Inc (NYSE:AIG) will report earnings per share of $1.29 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for American International Group’s earnings, with the lowest EPS estimate coming in at $1.11 and the highest estimate coming in at $1.42. American International Group reported earnings of $1.36 per share during the same quarter last year, which would suggest a negative year over year growth rate of 5.1%. The business is scheduled to report its next earnings results after the market closes on Wednesday, May 2nd.

According to Zacks, analysts expect that American International Group will report full year earnings of $5.51 per share for the current year, with EPS estimates ranging from $5.10 to $5.90. For the next fiscal year, analysts anticipate that the firm will post earnings of $6.07 per share, with EPS estimates ranging from $5.50 to $6.60. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for American International Group.

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American International Group (NYSE:AIG) last announced its quarterly earnings data on Thursday, February 8th. The insurance provider reported $0.57 EPS for the quarter, missing the Thomson Reuters’ 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 prior year, the company posted ($2.96) earnings per share.

Several equities analysts have commented on AIG shares. Zacks Investment Research raised American International Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Barclays reaffirmed an “overweight” rating and issued a $71.00 price objective (up previously from $68.00) on shares of American International Group in a research report on Tuesday, February 20th. Deutsche Bank raised American International Group from a “sell” rating to a “hold” rating and upped their price objective for the company from $58.00 to $59.00 in a research report on Wednesday, December 6th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $74.00 price objective on shares of American International Group in a research report on Wednesday, December 6th. Finally, Bank of America raised American International Group from a “neutral” rating to a “buy” rating and cut their price objective for the company from $59.40 to $58.28 in a research report on Friday, February 9th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $66.29.

In related news, insider Claudine Macartney sold 2,052 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $59.61, for a total transaction of $122,319.72. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director W Don Cornwell sold 2,500 shares of the firm’s stock in a transaction dated 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 corporate insiders.

Hedge funds have recently modified their holdings of the stock. Synovus Financial Corp boosted its position 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 purchasing an additional 1,727 shares in the last quarter. State of Alaska Department of Revenue boosted its position 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 purchasing an additional 75,415 shares in the last quarter. Patriot Wealth Management Inc. boosted its position 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 purchasing an additional 1,989 shares in the last quarter. PGGM Investments boosted its position 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 purchasing an additional 457,833 shares in the last quarter. Finally, Arbor Wealth Management LLC boosted its position in American International Group by 15.9% during the third quarter. Arbor Wealth Management LLC now owns 66,261 shares of the insurance provider’s stock valued at $4,072,000 after purchasing an additional 9,074 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Shares of American International Group stock opened at $54.42 on Thursday. The firm has a market capitalization of $49,112.36, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 0.90 and a beta of 1.23. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.25 and a current ratio of 0.25. American International Group has a 52 week low of $53.34 and a 52 week high of $67.30.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Wednesday, March 14th. American International Group’s payout ratio is 53.33%.

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

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