Equities research analysts forecast that American International Group Inc (NYSE:AIG) will report $1.17 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for American International Group’s earnings. The highest EPS estimate is $1.30 and the lowest is $1.02. American International Group posted earnings of ($1.22) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 195.9%. The firm is scheduled to report its next quarterly earnings results on Thursday, November 1st.
On average, analysts expect that American International Group will report full-year earnings of $4.52 per share for the current fiscal year, with EPS estimates ranging from $4.25 to $4.70. For the next year, analysts forecast that the firm will report earnings of $5.49 per share, with EPS estimates ranging from $5.10 to $5.78. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover American International Group.
American International Group (NYSE:AIG) last issued its earnings results on Thursday, August 2nd. The insurance provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.16). American International Group had a positive return on equity of 2.03% and a negative net margin of 13.67%. The firm had revenue of $11.47 billion for the quarter, compared to analyst estimates of $11.71 billion. During the same period in the previous year, the company earned $1.19 earnings per share.
Shares of NYSE:AIG traded down $0.46 during trading on Thursday, reaching $53.59. 7,541 shares of the stock were exchanged, compared to its average volume of 5,793,831. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.55. American International Group has a 1-year low of $49.57 and a 1-year high of $65.55. The firm has a market capitalization of $47.30 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 1.06 and a beta of 1.26.
The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Monday, September 17th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Friday, September 14th. American International Group’s payout ratio is currently 53.33%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. raised its position in American International Group by 4,404.8% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,892 shares of the insurance provider’s stock valued at $100,000 after buying an additional 1,850 shares during the last quarter. Atlas Capital Advisors LLC purchased a new stake in American International Group in the 2nd quarter valued at $115,000. Kaizen Advisory LLC raised its position in American International Group by 152.1% in the 2nd quarter. Kaizen Advisory LLC now owns 2,196 shares of the insurance provider’s stock valued at $116,000 after buying an additional 1,325 shares during the last quarter. Integrated Investment Consultants LLC grew its stake in American International Group by 3,312.4% in the 2nd quarter. Integrated Investment Consultants LLC now owns 3,037 shares of the insurance provider’s stock valued at $161,000 after purchasing an additional 2,948 shares during the period. Finally, Signaturefd LLC grew its stake in American International Group by 102.0% in the 2nd quarter. Signaturefd LLC now owns 3,393 shares of the insurance provider’s stock valued at $180,000 after purchasing an additional 1,713 shares during the period. 89.32% of the stock is owned by institutional investors and hedge funds.
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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