American International Group, Inc. (NYSE:AIG) Expected to Post Earnings of $1.29 Per Share

Analysts forecast that American International Group, Inc. (NYSE:AIGGet Rating) will report earnings of $1.29 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for American International Group’s earnings, with estimates ranging from $1.10 to $1.40. American International Group posted earnings of $1.52 per share in the same quarter last year, which would suggest a negative year over year growth rate of 15.1%. The business is scheduled to issue its next earnings report 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 financial year, with EPS estimates ranging from $5.15 to $5.65. For the next fiscal year, analysts forecast that the business will report earnings of $6.28 per share, with EPS estimates ranging from $6.20 to $6.30. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow American International Group.

American International Group (NYSE:AIGGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.06. American International Group had a return on equity of 7.11% and a net margin of 18.30%. The firm had revenue of $10.99 billion during the quarter, compared to the consensus estimate of $11.43 billion. During the same quarter in the previous year, the business earned $1.05 earnings per share.

A number of research analysts have commented on the company. Wolfe Research cut American International Group from an “outperform” rating to a “market perform” rating and set a $65.00 price objective on the stock. in a research note on Thursday, February 10th. Barclays boosted their price objective on American International Group from $61.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 12th. StockNews.com upgraded American International Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 11th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $81.00 price objective on shares of American International Group in a research note on Tuesday, May 10th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $64.11.

Institutional investors and hedge funds have recently made changes to their positions in the company. Brown Advisory Inc. boosted its holdings in shares of American International Group by 2.7% during the fourth quarter. Brown Advisory Inc. now owns 73,254 shares of the insurance provider’s stock valued at $4,165,000 after acquiring an additional 1,911 shares during the period. Parsons Capital Management Inc. RI boosted its holdings in shares of American International Group by 261.9% during the fourth quarter. Parsons Capital Management Inc. RI now owns 13,383 shares of the insurance provider’s stock valued at $761,000 after acquiring an additional 9,685 shares during the period. Wellington Management Group LLP raised its stake in shares of American International Group by 0.9% during the third quarter. Wellington Management Group LLP now owns 8,407,505 shares of the insurance provider’s stock valued at $461,489,000 after purchasing an additional 75,812 shares in the last quarter. Xponance Inc. raised its stake in shares of American International Group by 21.2% during the fourth quarter. Xponance Inc. now owns 52,502 shares of the insurance provider’s stock valued at $2,985,000 after purchasing an additional 9,192 shares in the last quarter. Finally, Abner Herrman & Brock LLC bought a new stake in shares of American International Group during the fourth quarter valued at about $2,965,000. 92.57% of the stock is owned by institutional investors.

AIG stock opened at $59.00 on Friday. The stock has a 50-day moving average price of $60.90 and a two-hundred day moving average price of $59.10. The company has a market cap of $46.74 billion, a PE ratio of 5.10, a price-to-earnings-growth ratio of 1.09 and a beta of 1.24. American International Group has a 12-month low of $44.54 and a 12-month high of $65.73. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.52.

American International Group declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 3rd that permits the company to buyback $6.50 billion in shares. This buyback authorization permits the insurance provider to buy up to 13.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Thursday, June 16th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Wednesday, June 15th. American International Group’s dividend payout ratio (DPR) is 11.07%.

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.

Featured Stories

Get a free copy of the Zacks research report on American International Group (AIG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.