Cantor Fitzgerald Issues Optimistic Outlook for AIG Earnings

American International Group, Inc. (NYSE:AIG) – Research analysts at Cantor Fitzgerald raised their FY2025 earnings estimates for shares of American International Group in a research note issued on Thursday, October 9th. Cantor Fitzgerald analyst R. Tunis now forecasts that the insurance provider will post earnings per share of $6.36 for the year, up from their prior forecast of $6.34. Cantor Fitzgerald has a “Hold” rating on the stock. The consensus estimate for American International Group’s current full-year earnings is $6.24 per share.

American International Group (NYSE:AIG) last issued its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.21. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The company had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.81 billion. During the same quarter last year, the company earned $1.16 EPS.

A number of other equities analysts have also recently issued reports on AIG. Keefe, Bruyette & Woods decreased their price objective on shares of American International Group from $97.00 to $91.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 12th. Wolfe Research assumed coverage on shares of American International Group in a research report on Tuesday, September 16th. They issued a “peer perform” rating on the stock. UBS Group boosted their price objective on shares of American International Group from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of American International Group from $95.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Evercore ISI boosted their price objective on shares of American International Group from $89.00 to $90.00 and gave the company an “in-line” rating in a research report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.53.

American International Group Price Performance

AIG stock opened at $81.34 on Friday. The firm’s 50-day moving average price is $79.80 and its two-hundred day moving average price is $81.68. American International Group has a 12-month low of $69.24 and a 12-month high of $88.07. The stock has a market capitalization of $45.06 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 0.88 and a beta of 0.68. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, September 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. American International Group’s payout ratio is currently 34.09%.

Hedge Funds Weigh In On American International Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GQG Partners LLC increased its position in shares of American International Group by 33,315.0% during the first quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider’s stock valued at $1,643,995,000 after buying an additional 18,852,949 shares during the period. Franklin Resources Inc. boosted its stake in American International Group by 6.1% during the second quarter. Franklin Resources Inc. now owns 12,536,144 shares of the insurance provider’s stock worth $1,072,969,000 after acquiring an additional 716,209 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in American International Group by 20.4% during the first quarter. Bank of New York Mellon Corp now owns 11,212,788 shares of the insurance provider’s stock worth $974,840,000 after acquiring an additional 1,901,998 shares in the last quarter. Norges Bank bought a new stake in American International Group during the second quarter worth about $787,724,000. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in American International Group by 22.8% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider’s stock worth $792,340,000 after acquiring an additional 1,694,290 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

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.