American International Group, Inc. (AIG) Expected to Earn Q3 2017 Earnings of $1.13 Per Share

American International Group, Inc. (NYSE:AIG) – Research analysts at William Blair decreased their Q3 2017 earnings per share (EPS) estimates for American International Group in a research report issued on Tuesday. William Blair analyst A. Klauber now forecasts that the insurance provider will post earnings per share of $1.13 for the quarter, down from their previous forecast of $1.16. William Blair also issued estimates for American International Group’s Q4 2017 earnings at $1.14 EPS, FY2017 earnings at $5.18 EPS, Q2 2018 earnings at $1.51 EPS, Q3 2018 earnings at $1.31 EPS and Q4 2018 earnings at $1.32 EPS.

Other equities analysts have also issued reports about the stock. TheStreet raised shares of American International Group from a “c” rating to a “b-” rating in a research report on Wednesday, May 3rd. Wells Fargo & Company reaffirmed a “buy” rating on shares of American International Group in a research report on Wednesday, July 5th. Zacks Investment Research raised shares of American International Group from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Wednesday, July 5th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $71.00 target price on shares of American International Group in a research report on Monday, April 24th. Finally, Credit Suisse Group set a $72.00 target price on shares of American International Group and gave the stock a “buy” rating in a research report on Saturday, April 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $69.02.

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Shares of American International Group (NYSE AIG) opened at 62.65 on Thursday. American International Group has a 52-week low of $57.35 and a 52-week high of $67.47. The firm’s 50-day moving average price is $64.07 and its 200 day moving average price is $63.09. The company’s market capitalization is $56.60 billion.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.33. The business had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $12.61 billion. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. During the same period in the previous year, the firm posted $0.98 EPS.

Several large investors have recently bought and sold shares of the company. Chicago Partners Investment Group LLC increased its stake in American International Group by 0.5% in the first quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock valued at $165,000 after buying an additional 14 shares during the last quarter. Lyell Wealth Management LP increased its stake in American International Group by 0.5% in the second quarter. Lyell Wealth Management LP now owns 3,606 shares of the insurance provider’s stock valued at $225,000 after buying an additional 18 shares during the last quarter. Welch & Forbes LLC increased its stake in American International Group by 0.7% in the first quarter. Welch & Forbes LLC now owns 4,502 shares of the insurance provider’s stock valued at $281,000 after buying an additional 33 shares during the last quarter. First Personal Financial Services increased its stake in American International Group by 0.6% in the second quarter. First Personal Financial Services now owns 6,256 shares of the insurance provider’s stock valued at $391,000 after buying an additional 38 shares during the last quarter. Finally, Usca Ria LLC increased its stake in American International Group by 0.4% in the second quarter. Usca Ria LLC now owns 11,505 shares of the insurance provider’s stock valued at $719,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 85.88% of the company’s stock.

In related news, CEO Brian Duperreault acquired 80,000 shares of the stock in a transaction dated Thursday, May 18th. The stock was acquired at an average cost of $61.48 per share, for a total transaction of $4,918,400.00. Following the completion of the purchase, the chief executive officer now owns 80,000 shares of the company’s stock, valued at approximately $4,918,400. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.52% of the company’s stock.

American International Group announced that its board has approved a stock buyback program on Wednesday, May 3rd that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the insurance provider to purchase up to 4.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.28 annualized dividend and a dividend yield of 2.04%. American International Group’s payout ratio is currently -711.07%.

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.

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

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