Q1 2022 EPS Estimates for American International Group, Inc. Decreased by Jefferies Financial Group (NYSE:AIG)

American International Group, Inc. (NYSE:AIGGet Rating) – Research analysts at Jefferies Financial Group reduced their Q1 2022 earnings per share (EPS) estimates for shares of American International Group in a report released on Monday, April 11th. Jefferies Financial Group analyst Y. Kinar now expects that the insurance provider will post earnings of $1.11 per share for the quarter, down from their previous estimate of $1.22. Jefferies Financial Group also issued estimates for American International Group’s Q2 2022 earnings at $1.40 EPS and FY2024 earnings at $7.65 EPS.

A number of other research firms also recently issued reports on AIG. StockNews.com began coverage on shares of American International Group in a report on Thursday, March 31st. They issued a “hold” rating for the company. Wolfe Research lowered shares of American International Group from an “outperform” rating to a “market perform” rating and set a $65.00 target price on the stock. in a research note on Thursday, February 10th. Wells Fargo & Company dropped their price objective on shares of American International Group from $59.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 4th. Finally, Barclays increased their target price on shares of American International Group from $59.00 to $61.00 in a report on Tuesday, February 22nd. Eight analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $63.11.

Shares of AIG stock opened at $62.58 on Tuesday. The company has a market capitalization of $50.46 billion, a price-to-earnings ratio of 5.78, a PEG ratio of 1.18 and a beta of 1.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.31 and a current ratio of 0.31. The company has a 50-day simple moving average of $60.92 and a 200 day simple moving average of $58.68. American International Group has a 52 week low of $44.54 and a 52 week high of $64.90.

American International Group (NYSE:AIGGet Rating) last announced its quarterly earnings data on Wednesday, February 16th. The insurance provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.44. American International Group had a net margin of 18.03% and a return on equity of 6.74%. The company had revenue of $13.69 billion during the quarter, compared to the consensus estimate of $11.51 billion. During the same quarter last year, the firm posted $0.94 EPS.

A number of hedge funds have recently bought and sold shares of the business. Morgan Stanley increased its stake in American International Group by 2.3% in the second quarter. Morgan Stanley now owns 3,714,724 shares of the insurance provider’s stock worth $176,821,000 after purchasing an additional 83,432 shares during the period. Kestra Advisory Services LLC boosted its holdings in American International Group by 5.7% in the third quarter. Kestra Advisory Services LLC now owns 18,805 shares of the insurance provider’s stock worth $1,032,000 after acquiring an additional 1,022 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in American International Group by 19.6% in the third quarter. Park Avenue Securities LLC now owns 5,304 shares of the insurance provider’s stock worth $291,000 after acquiring an additional 868 shares in the last quarter. Spire Wealth Management boosted its holdings in American International Group by 24.2% in the third quarter. Spire Wealth Management now owns 2,055 shares of the insurance provider’s stock worth $113,000 after acquiring an additional 400 shares in the last quarter. Finally, TCW Group Inc. lifted its holdings in shares of American International Group by 20.2% during the third quarter. TCW Group Inc. now owns 36,178 shares of the insurance provider’s stock worth $1,986,000 after purchasing an additional 6,084 shares during the period. Institutional investors and hedge funds own 90.30% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Thursday, March 17th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Wednesday, March 16th. American International Group’s payout ratio is currently 11.83%.

American International Group Company Profile (Get Rating)

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment provides general liability, environmental, commercial automobile liability, workers' compensation, casualty, and crisis management insurance products; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, crop, and marine insurance.

Further Reading

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

Receive News & Ratings for American International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American International Group and related companies with MarketBeat.com's FREE daily email newsletter.