American International Group, Inc. (NYSE:AIG) – Langen Mcalenn issued their Q3 2017 earnings estimates for shares of American International Group in a research report issued to clients and investors on Wednesday. Langen Mcalenn analyst L. Greenberg expects that the insurance provider will post earnings of $1.31 per share for the quarter. Langen Mcalenn also issued estimates for American International Group’s Q4 2017 earnings at $1.34 EPS, Q1 2018 earnings at $1.40 EPS, Q2 2018 earnings at $1.44 EPS, Q3 2018 earnings at $1.47 EPS, Q4 2018 earnings at $1.49 EPS and FY2018 earnings at $5.80 EPS.

American International Group (NYSE:AIG) last posted its earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.33. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. The business had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $12.61 billion. During the same period in the previous year, the company posted $0.98 earnings per share.

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AIG has been the subject of a number of other research reports. TheStreet raised American International Group from a “c” rating to a “b-” rating in a research report on Wednesday, May 3rd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $75.00 target price on shares of American International Group in a research report on Thursday. Wells Fargo & Company reaffirmed a “buy” rating on shares of American International Group in a research report on Thursday, April 20th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $71.00 target price on shares of American International Group in a research report on Monday, April 24th. Finally, Zacks Investment Research raised American International Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. American International Group presently has a consensus rating of “Buy” and a consensus price target of $65.22.

American International Group (AIG) opened at 65.08 on Monday. American International Group has a 52-week low of $56.80 and a 52-week high of $67.47. The firm has a market capitalization of $60.25 billion, a PE ratio of 132.28 and a beta of 1.14. The stock’s 50 day moving average is $63.89 and its 200-day moving average is $63.11.

Hedge funds have recently made changes to their positions in the stock. Macquarie Group Ltd. raised its stake in shares of American International Group by 450.4% in the fourth quarter. Macquarie Group Ltd. now owns 186,542 shares of the insurance provider’s stock worth $12,183,000 after buying an additional 152,647 shares during the period. Private Bank & Trust Co. raised its stake in shares of American International Group by 18.5% in the first quarter. Private Bank & Trust Co. now owns 12,836 shares of the insurance provider’s stock worth $802,000 after buying an additional 2,003 shares during the period. Parametrica Management Ltd acquired a new stake in shares of American International Group during the first quarter worth $370,000. Atria Investments LLC raised its stake in shares of American International Group by 2.6% in the first quarter. Atria Investments LLC now owns 27,710 shares of the insurance provider’s stock worth $1,730,000 after buying an additional 694 shares during the period. Finally, Eastern Bank raised its stake in shares of American International Group by 3.0% in the first quarter. Eastern Bank now owns 7,231 shares of the insurance provider’s stock worth $451,000 after buying an additional 210 shares during the period. Institutional investors own 85.88% of the company’s stock.

In related news, CEO Brian Duperreault acquired 80,000 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was purchased at an average cost of $61.48 per share, for a total transaction of $4,918,400.00. Following the completion of the purchase, the chief executive officer now directly owns 80,000 shares of the company’s stock, valued at approximately $4,918,400. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.52% of the company’s stock.

American International Group announced that its Board of Directors has authorized a share buyback plan on Wednesday, May 3rd that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the insurance provider to purchase up to 4.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.32 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.28 annualized dividend and a yield of 1.97%. American International Group’s dividend payout ratio is currently -711.07%.

About American International Group

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

Earnings History and Estimates for American International Group (NYSE:AIG)

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