Wall Street brokerages expect American International Group, Inc. (NYSE:AIG – Get Rating) to announce earnings per share (EPS) of $1.27 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for American International Group’s earnings, with the lowest EPS estimate coming in at $1.11 and the highest estimate coming in at $1.40. American International Group reported earnings per share of $1.05 during the same quarter last year, which would suggest a positive year-over-year growth rate of 21%. The company is scheduled to issue its next quarterly earnings results after the market closes on Monday, January 1st.
On average, analysts expect that American International Group will report full year earnings of $5.33 per share for the current year, with EPS estimates ranging from $5.15 to $5.65. For the next financial year, analysts forecast that the company will post earnings of $6.21 per share, with EPS estimates ranging from $6.10 to $6.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover American International Group.
American International Group (NYSE:AIG – Get Rating) last posted its quarterly earnings results on Wednesday, February 16th. The insurance provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.44. The company had revenue of $13.69 billion during the quarter, compared to analyst estimates of $11.51 billion. American International Group had a net margin of 18.03% and a return on equity of 6.74%. During the same period last year, the firm posted $0.94 EPS.
Several institutional investors and hedge funds have recently modified their holdings of the company. IFM Investors Pty Ltd grew its position in shares of American International Group by 18.8% in the 1st quarter. IFM Investors Pty Ltd now owns 137,942 shares of the insurance provider’s stock worth $8,659,000 after acquiring an additional 21,839 shares in the last quarter. Ritholtz Wealth Management boosted its position in American International Group by 96.4% during the 1st quarter. Ritholtz Wealth Management now owns 21,648 shares of the insurance provider’s stock valued at $1,359,000 after purchasing an additional 10,625 shares during the period. Redpoint Investment Management Pty Ltd boosted its position in American International Group by 12.0% during the 1st quarter. Redpoint Investment Management Pty Ltd now owns 21,261 shares of the insurance provider’s stock valued at $1,335,000 after purchasing an additional 2,281 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in American International Group during the 1st quarter valued at approximately $1,169,000. Finally, Seelaus Asset Management LLC raised its stake in American International Group by 20.3% during the 1st quarter. Seelaus Asset Management LLC now owns 27,530 shares of the insurance provider’s stock valued at $1,728,000 after acquiring an additional 4,655 shares in the last quarter. Institutional investors own 90.30% of the company’s stock.
American International Group stock traded up $0.05 during trading on Friday, reaching $63.03. The company had a trading volume of 4,399,890 shares, compared to its average volume of 3,911,588. The firm’s 50-day simple moving average is $61.10 and its 200 day simple moving average is $58.85. American International Group has a 1-year low of $44.54 and a 1-year high of $64.90. The firm has a market capitalization of $50.82 billion, a PE ratio of 5.83, a price-to-earnings-growth 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 also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Thursday, March 17th were given a $0.32 dividend. The ex-dividend date was Wednesday, March 16th. This represents a $1.28 annualized dividend and a dividend yield of 2.03%. American International Group’s payout ratio is 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.
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