American International Group (AIG) to Release Earnings on Wednesday

American International Group (NYSE:AIG) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect American International Group to post earnings of $1.71 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, February 14th. The insurance provider reported $1.79 EPS for the quarter, topping the consensus estimate of $1.59 by $0.20. The business had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.61 billion. American International Group had a return on equity of 10.68% and a net margin of 7.78%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.36 EPS. On average, analysts expect American International Group to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

American International Group Price Performance

Shares of NYSE:AIG opened at $74.93 on Wednesday. The business’s 50 day simple moving average is $74.41 and its 200-day simple moving average is $68.76. The firm has a market capitalization of $51.02 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 1.07 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.31 and a quick ratio of 0.31. American International Group has a 12 month low of $48.95 and a 12 month high of $78.95.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Wednesday, March 13th. American International Group’s dividend payout ratio (DPR) is 28.86%.

Insider Buying and Selling at American International Group

In related news, Director John C. Inglis bought 659 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were acquired at an average price of $75.39 per share, for a total transaction of $49,682.01. Following the purchase, the director now owns 659 shares in the company, valued at approximately $49,682.01. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director John C. Inglis bought 659 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were acquired at an average price of $75.39 per share, for a total transaction of $49,682.01. Following the purchase, the director now owns 659 shares in the company, valued at approximately $49,682.01. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Peter Zaffino sold 333,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the completion of the sale, the chief executive officer now owns 505,420 shares in the company, valued at approximately $38,346,215.40. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AIG. BMO Capital Markets cut their price objective on American International Group from $83.00 to $81.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. HSBC started coverage on American International Group in a research report on Thursday, December 28th. They set a “buy” rating and a $86.00 price objective for the company. Evercore ISI boosted their price target on American International Group from $74.00 to $80.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Bank of America downgraded American International Group from a “buy” rating to a “neutral” rating and boosted their price target for the company from $75.00 to $77.00 in a report on Tuesday, February 20th. Finally, UBS Group boosted their price target on American International Group from $83.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.38.

About American International Group

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance.