American International Group Inc Expected to Post Q4 2017 Earnings of $1.02 Per Share (AIG)

American International Group Inc (NYSE:AIG) – Stock analysts at B. Riley issued their Q4 2017 EPS estimates for American International Group in a note issued to investors on Monday. B. Riley analyst R. Binner forecasts that the insurance provider will earn $1.02 per share for the quarter. B. Riley has a “Neutral” rating on the stock.

A number of other equities research analysts have also recently commented on AIG. Buckingham Research began coverage on shares of American International Group in a report on Monday, September 11th. They set an “underperform” rating and a $52.00 price target on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $73.00 price target on shares of American International Group in a report on Wednesday, September 6th. Wells Fargo & Company set a $75.00 price target on shares of American International Group and gave the company a “buy” rating in a report on Tuesday, October 17th. Barclays cut their price target on shares of American International Group from $74.00 to $71.00 and set an “overweight” rating on the stock in a report on Monday, October 16th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $74.00 price target on shares of American International Group in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $67.70.

Shares of American International Group (NYSE AIG) opened at $60.03 on Wednesday. The firm has a market cap of $53,515.05, a PE ratio of 23.72, a price-to-earnings-growth ratio of 1.96 and a beta of 1.17. 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 fifty-two week low of $57.90 and a fifty-two week high of $67.47.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($2.45). The business had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.05 billion. American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. During the same quarter last year, the company posted $1.23 EPS.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Thursday, December 7th. American International Group’s dividend payout ratio is currently -51.00%.

Hedge funds have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC raised its position in American International Group by 121.9% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,631,331 shares of the insurance provider’s stock worth $959,607,000 after acquiring an additional 8,586,682 shares during the period. Canada Pension Plan Investment Board raised its position in American International Group by 12.6% in the second quarter. Canada Pension Plan Investment Board now owns 11,631,827 shares of the insurance provider’s stock worth $727,222,000 after acquiring an additional 1,300,900 shares during the period. TIAA CREF Investment Management LLC raised its position in American International Group by 27.1% in the second quarter. TIAA CREF Investment Management LLC now owns 9,857,378 shares of the insurance provider’s stock worth $616,283,000 after acquiring an additional 2,103,522 shares during the period. Alliancebernstein L.P. raised its position in American International Group by 1.7% in the second quarter. Alliancebernstein L.P. now owns 9,432,868 shares of the insurance provider’s stock worth $589,743,000 after acquiring an additional 159,529 shares during the period. Finally, Bank of New York Mellon Corp raised its position in American International Group by 7.0% in the second quarter. Bank of New York Mellon Corp now owns 8,904,042 shares of the insurance provider’s stock worth $556,681,000 after acquiring an additional 584,450 shares during the period. Institutional investors own 85.65% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “American International Group Inc Expected to Post Q4 2017 Earnings of $1.02 Per Share (AIG)” was reported by Community Financial News and is owned by of Community Financial News. If you are reading this article on another website, it was illegally copied and republished in violation of international copyright and trademark laws. The original version of this article can be viewed at https://www.com-unik.info/2017/12/07/american-international-group-inc-expected-to-post-q4-2017-earnings-of-1-02-per-share-aig.html.

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)

What are top analysts saying about American International Group Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for American International Group Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit