American International Group Inc (AIG) Expected to Announce Earnings of $0.99 Per Share

Brokerages forecast that American International Group Inc (NYSE:AIG) will report $0.99 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for American International Group’s earnings, with the highest EPS estimate coming in at $1.22 and the lowest estimate coming in at $0.77. American International Group reported earnings per share of $0.84 during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.9%. The company is expected to issue its next quarterly earnings report after the market closes on Thursday, February 8th.

According to Zacks, analysts expect that American International Group will report full-year earnings of $2.75 per share for the current year, with EPS estimates ranging from $2.55 to $2.94. For the next year, analysts anticipate that the business will report earnings of $5.33 per share, with EPS estimates ranging from $4.55 to $6.10. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for American International Group.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($2.45). The firm had revenue of $12.67 billion for the quarter, compared to analyst estimates 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 in the prior year, the business earned $1.23 EPS.

AIG has been the subject of a number of recent analyst reports. Deutsche Bank upgraded shares of American International Group from a “sell” rating to a “hold” rating and raised their price target for the stock from $58.00 to $59.00 in a report on Wednesday, December 6th. Bank of America cut their price target on shares of American International Group from $71.00 to $69.00 and set a “buy” rating for the company in a report on Tuesday, October 10th. Zacks Investment Research cut shares of American International Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Morgan Stanley reaffirmed a “buy” rating on shares of American International Group in a research report on Tuesday, October 10th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of American International Group in a research report on Tuesday. Two analysts have rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. American International Group currently has a consensus rating of “Hold” and an average target price of $67.81.

Hedge funds have recently modified their holdings of the business. Pathstone Family Office LLC boosted its position in American International Group by 2,557.1% in the 2nd quarter. Pathstone Family Office LLC now owns 1,488 shares of the insurance provider’s stock valued at $2,227,000 after buying an additional 1,432 shares during the period. Bank of Nova Scotia Trust Co. purchased a new position in American International Group in the 3rd quarter valued at approximately $109,000. Chicago Partners Investment Group LLC purchased a new position in American International Group in the 3rd quarter valued at approximately $163,000. Rational Advisors LLC boosted its position in American International Group by 100.0% in the 3rd quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock valued at $184,000 after buying an additional 1,500 shares during the period. Finally, Bronfman E.L. Rothschild L.P. boosted its position in American International Group by 30.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock valued at $192,000 after buying an additional 716 shares during the period. 85.90% of the stock is owned by institutional investors.

Shares of American International Group (AIG) opened at $60.65 on Wednesday. The stock has a market cap of $54,520.00, a P/E ratio of -24.36, a PEG ratio of 1.05 and a beta of 1.18. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.43. American International Group has a 1-year low of $57.85 and a 1-year high of $67.47.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were given a dividend of $0.32 per share. The ex-dividend date was Thursday, December 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.11%. American International Group’s payout ratio is currently -51.41%.

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About American International Group

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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