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American International Group Inc (NYSE:AIG) – Langen Mcalenn dropped their Q1 2019 earnings estimates for American International Group in a report released on Monday, December 10th. Langen Mcalenn analyst L. Greenberg now expects that the insurance provider will earn $1.12 per share for the quarter, down from their previous estimate of $1.20. Langen Mcalenn also issued estimates for American International Group’s Q2 2019 earnings at $1.14 EPS, Q3 2019 earnings at $1.18 EPS, Q4 2019 earnings at $1.20 EPS and FY2019 earnings at $4.65 EPS. Get American International Group alerts:
American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, October 31st. The insurance provider reported ($0.34) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.40). American International Group had a positive return on equity of 3.44% and a negative net margin of 12.73%. The firm had revenue of $12 billion for the quarter, compared to analysts’ expectations of $12.44 billion. During the same period last year, the company posted ($1.22) earnings per share. Other analysts also recently issued reports about the stock. Wells Fargo & Co set a $62.00 price target on shares of American International Group and gave the stock a “buy” rating in a report on Thursday, October 18th. Morgan Stanley set a $65.00 price objective on shares of American International Group and gave the stock a “buy” rating in a research report on Wednesday, October 17th. Deutsche Bank upgraded shares of American International Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. Argus reduced their price objective on shares of American International Group from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Finally, JPMorgan Chase & Co. set a $55.00 price objective on shares of American International Group and gave the stock a “hold” rating in a research report on Thursday, November 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $59.31.
Shares of NYSE AIG opened at $36.59 on Tuesday. American International Group has a 1 year low of $36.16 and a 1 year high of $65.05. The firm has a market cap of $33.53 billion, a P/E ratio of 15.25, a PEG ratio of 1.35 and a beta of 1.49. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.58.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Wednesday, December 12th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Tuesday, December 11th. American International Group’s dividend payout ratio is presently 53.33%.
A number of large investors have recently bought and sold shares of AIG. ARGA Investment Management LP raised its position in shares of American International Group by 13.9% in the third quarter. ARGA Investment Management LP now owns 93,099 shares of the insurance provider’s stock valued at $4,957,000 after buying an additional 11,350 shares during the last quarter. Canton Hathaway LLC acquired a new stake in shares of American International Group in the third quarter valued at about $163,000. Oppenheimer & Co. Inc. raised its position in shares of American International Group by 16.4% in the second quarter. Oppenheimer & Co. Inc. now owns 57,732 shares of the insurance provider’s stock valued at $3,060,000 after buying an additional 8,141 shares during the last quarter. Jupiter Asset Management Ltd. raised its position in shares of American International Group by 1.7% in the third quarter. Jupiter Asset Management Ltd. now owns 254,025 shares of the insurance provider’s stock valued at $13,527,000 after buying an additional 4,346 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of American International Group by 6.6% in the third quarter. Nisa Investment Advisors LLC now owns 310,343 shares of the insurance provider’s stock valued at $16,524,000 after buying an additional 19,100 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.
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. American International Group American International Group
