American International Group (NYSE:AIG) Posts Earnings Results, Beats Estimates By $0.20 EPS

American International Group (NYSE:AIG) announced its earnings results on Thursday. The insurance provider reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.20, Zacks reports. American International Group had a return on equity of 9.79% and a net margin of 11.56%.During the same quarter last year, the company earned $1.17 EPS.

American International Group Stock Performance

Shares of NYSE AIG traded up $1.03 during midday trading on Thursday, reaching $74.82. The company’s stock had a trading volume of 10,766,225 shares, compared to its average volume of 3,720,807. American International Group has a 12-month low of $71.25 and a 12-month high of $87.46. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a 50 day moving average price of $76.85 and a 200-day moving average price of $77.85. The stock has a market capitalization of $40.17 billion, a P/E ratio of 13.80, a PEG ratio of 0.56 and a beta of 0.59.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 16th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, March 16th. American International Group’s payout ratio is presently 33.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. HSBC lowered their price objective on American International Group from $90.00 to $89.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Evercore lowered their price objective on American International Group from $90.00 to $85.00 in a research note on Friday, January 23rd. Morgan Stanley lowered their price objective on American International Group from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Barclays reduced their target price on American International Group from $79.00 to $78.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 7th. Finally, Bank of America cut their price objective on American International Group from $80.00 to $79.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $86.76.

Institutional Investors Weigh In On American International Group

Institutional investors have recently made changes to their positions in the stock. Mcguire Capital Advisors Inc. purchased a new stake in shares of American International Group in the 4th quarter valued at about $29,000. JPL Wealth Management LLC bought a new position in shares of American International Group during the third quarter valued at about $39,000. Jessup Wealth Management Inc bought a new position in shares of American International Group during the fourth quarter valued at about $40,000. Atlas Capital Advisors Inc. purchased a new stake in shares of American International Group during the fourth quarter worth about $50,000. Finally, DV Equities LLC purchased a new stake in shares of American International Group during the fourth quarter worth about $65,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

About American International Group

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.