Somewhat Positive Press Coverage Somewhat Unlikely to Affect American International Group (AIG) Stock Price
Media coverage about American International Group (NYSE:AIG) has been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. American International Group earned a news impact score of 0.17 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 46.2286159048684 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern’s rankings:
- Langen Mcalenn Weighs in on American International Group Inc’s FY2018 Earnings (AIG) (americanbankingnews.com)
- PRF, WFC, BAC, AIG: Large Outflows Detected at ETF (nasdaq.com)
- American International Group Inc (AIG) to Post Q4 2017 Earnings of $0.60 Per Share, Langen Mcalenn Forecasts (americanbankingnews.com)
- American International Group Inc (AIG) Short Interest Down 26.1% in December (americanbankingnews.com)
A number of analysts have issued reports on the company. Wells Fargo & Co reissued a “buy” rating and issued a $75.00 target price on shares of American International Group in a research report on Sunday, October 1st. ValuEngine lowered American International Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $74.00 target price on shares of American International Group in a research report on Wednesday, December 6th. Zacks Investment Research lowered American International Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, UBS Group cut their target price on American International Group from $64.00 to $63.00 and set a “neutral” rating on the stock in a research report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $67.41.
American International Group (NYSE:AIG) traded up $0.02 during trading on Friday, hitting $61.55. The stock had a trading volume of 6,500,000 shares, compared to its average volume of 4,880,000. American International Group has a 1-year low of $57.85 and a 1-year high of $67.45. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $55,330.00, a price-to-earnings ratio of -24.72, a P/E/G ratio of 0.98 and a beta of 1.18.
American International Group (NYSE:AIG) last posted its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($2.45). American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. The company had revenue of $12.67 billion for the quarter, compared to analysts’ expectations of $12.05 billion. During the same period in the prior year, the company posted $1.23 EPS. equities research analysts expect that American International Group will post 2.69 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Thursday, December 7th. American International Group’s dividend payout ratio is currently -51.41%.
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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