Equities research analysts expect American International Group, Inc. (NYSE:AIG) to post $1.16 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for American International Group’s earnings, with estimates ranging from $1.05 to $1.26. American International Group reported earnings per share of $1.00 in the same quarter last year, which would indicate a positive year-over-year growth rate of 16%. The firm is expected to report its next quarterly earnings results on Wednesday, November 1st.

On average, analysts expect that American International Group will report full year earnings of $5.23 per share for the current year, with EPS estimates ranging from $4.70 to $5.45. For the next financial year, analysts anticipate that the company will post earnings of $5.39 per share, with EPS estimates ranging from $5.10 to $5.60. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow American International Group.

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

A number of equities analysts have issued reports on the company. BidaskClub cut American International Group from a “hold” rating to a “sell” rating in a report on Sunday, August 13th. Atlantic Securities cut American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 target price for the company. in a report on Wednesday, August 9th. UBS AG lowered their target price on American International Group from $65.00 to $64.00 and set a “neutral” rating for the company in a report on Tuesday. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $75.00 target price on shares of American International Group in a report on Thursday, August 3rd. Finally, Deutsche Bank AG reaffirmed a “sell” rating and issued a $60.00 target price (up previously from $57.00) on shares of American International Group in a report on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $67.96.

American International Group (NYSE AIG) traded up 0.17% during trading on Thursday, reaching $59.49. The company had a trading volume of 4,093,020 shares. The firm’s market capitalization is $53.74 billion. The firm’s 50 day moving average price is $61.67 and its 200 day moving average price is $62.35. American International Group has a 12-month low of $57.35 and a 12-month high of $67.47.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.32 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.28 annualized dividend and a dividend yield of 2.15%. American International Group’s payout ratio is -711.07%.

Several institutional investors have recently made changes to their positions in AIG. Boston Partners boosted its position in shares of American International Group by 262.4% during the 2nd quarter. Boston Partners now owns 6,861,857 shares of the insurance provider’s stock valued at $429,003,000 after purchasing an additional 4,968,504 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of American International Group by 307.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,167,213 shares of the insurance provider’s stock valued at $260,534,000 after purchasing an additional 3,144,446 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of American International Group by 202.5% during the 2nd quarter. Prudential Financial Inc. now owns 4,009,199 shares of the insurance provider’s stock valued at $250,655,000 after purchasing an additional 2,683,775 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of American International Group during the 2nd quarter valued at about $134,359,000. Finally, TIAA CREF Investment Management LLC boosted its position in shares of American International Group by 27.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 9,857,378 shares of the insurance provider’s stock valued at $616,283,000 after purchasing an additional 2,103,522 shares in the last quarter. Institutional investors own 83.97% of the company’s stock.

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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.

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

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