American International Group, Inc. (NYSE:AIG) Expected to Announce Quarterly Sales of $11.16 Billion

Equities analysts predict that American International Group, Inc. (NYSE:AIGGet Rating) will announce sales of $11.16 billion for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for American International Group’s earnings, with the lowest sales estimate coming in at $11.02 billion and the highest estimate coming in at $11.31 billion. American International Group posted sales of $10.62 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.1%. The company is expected to announce its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that American International Group will report full year sales of $47.07 billion for the current financial year, with estimates ranging from $45.45 billion to $48.70 billion. For the next financial year, analysts expect that the company will post sales of $48.99 billion, with estimates ranging from $46.88 billion to $51.10 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover American International Group.

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, topping the consensus estimate of $1.14 by $0.44. The business had revenue of $13.69 billion for 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 quarter in the previous year, the firm posted $0.94 earnings per share.

A number of brokerages have recently weighed in on AIG. Wolfe Research lowered shares of American International Group from an “outperform” rating to a “market perform” rating and set a $65.00 price objective for the company. in a report on Thursday, February 10th. Barclays upped their price target on shares of American International Group from $61.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, April 12th. StockNews.com started coverage on shares of American International Group in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Wells Fargo & Company reduced 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 report on Tuesday, January 4th. Eight investment 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $63.33.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Illinois Municipal Retirement Fund acquired a new position in American International Group during the 3rd quarter valued at approximately $440,000. Signaturefd LLC lifted its holdings in American International Group by 36.1% during the third quarter. Signaturefd LLC now owns 6,647 shares of the insurance provider’s stock valued at $365,000 after purchasing an additional 1,762 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in American International Group by 39.9% during the third quarter. Vontobel Holding Ltd. now owns 55,641 shares of the insurance provider’s stock valued at $3,054,000 after purchasing an additional 15,882 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of American International Group by 1.1% in the third quarter. Commonwealth Equity Services LLC now owns 339,215 shares of the insurance provider’s stock valued at $18,619,000 after buying an additional 3,615 shares during the last quarter. Finally, Quest Capital Management Inc. ADV raised its position in shares of American International Group by 33.8% in the third quarter. Quest Capital Management Inc. ADV now owns 5,634 shares of the insurance provider’s stock valued at $309,000 after buying an additional 1,423 shares during the last quarter. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Shares of NYSE:AIG opened at $63.90 on Tuesday. The company has a 50 day moving average of $61.12 and a 200 day moving average of $58.94. The stock has a market cap of $51.52 billion, a P/E ratio of 5.91, a P/E/G ratio of 1.18 and a beta of 1.28. American International Group has a 12 month low of $44.54 and a 12 month high of $64.90. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.44.

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 $0.32 dividend. The ex-dividend date was Wednesday, March 16th. This represents a $1.28 annualized dividend and a dividend yield of 2.00%. American International Group’s payout ratio is presently 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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