Equities analysts forecast that American International Group, Inc. (NYSE:AIG) will post earnings per share of $1.16 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for American International Group’s earnings. The highest EPS estimate is $1.26 and the lowest is $1.05. American International Group posted earnings of $1.00 per share in the same quarter last year, which would suggest a positive year over year growth rate of 16%. The business is expected to issue its next earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that American International Group will report full-year earnings of $5.23 per share for the current financial year, with EPS estimates ranging from $4.70 to $5.45. For the next fiscal year, analysts forecast that the firm will post earnings of $5.39 per share, with EPS estimates ranging from $5.10 to $5.60. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow American International Group.

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

AIG has been the subject of a number of recent research reports. Royal Bank Of Canada restated a “buy” rating and set a $73.00 price target on shares of American International Group in a research note on Wednesday, September 6th. Wells Fargo & Company restated a “buy” rating on shares of American International Group in a research note on Wednesday, July 5th. Zacks Investment Research upgraded American International Group from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Wednesday, July 5th. BidaskClub upgraded American International Group from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $75.00 price target on shares of American International Group in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $68.08.

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A number of institutional investors have recently made changes to their positions in the business. Intl Fcstone Inc. bought a new position in American International Group in the 2nd quarter valued at $419,000. Lord Abbett & CO. LLC grew its position in American International Group by 169.5% in the 2nd quarter. Lord Abbett & CO. LLC now owns 639,599 shares of the insurance provider’s stock valued at $39,987,000 after acquiring an additional 402,261 shares during the last quarter. Toronto Dominion Bank grew its position in American International Group by 13.7% in the 2nd quarter. Toronto Dominion Bank now owns 350,805 shares of the insurance provider’s stock valued at $21,933,000 after acquiring an additional 42,179 shares during the last quarter. U S Global Investors Inc. grew its position in American International Group by 101.8% in the 2nd quarter. U S Global Investors Inc. now owns 7,265 shares of the insurance provider’s stock valued at $454,000 after acquiring an additional 3,665 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new position in American International Group in the 2nd quarter valued at $826,000. 84.02% of the stock is currently owned by institutional investors.

Shares of American International Group (NYSE AIG) traded down 0.96% during trading on Thursday, reaching $59.84. 5,383,476 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $62.16 and a 200 day moving average price of $62.47. American International Group has a 12 month low of $57.35 and a 12 month high of $67.47. The firm’s market cap is $54.06 billion.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.14%. The ex-dividend date is Thursday, September 14th. American International Group’s dividend payout ratio (DPR) is presently -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.

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

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