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

American International Group (NYSE:AIG) posted its quarterly 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 in the prior year, the firm posted $1.17 earnings per share.

American International Group Stock Performance

Shares of American International Group stock traded up $1.03 during 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 one year low of $71.25 and a one year high of $87.46. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market cap of $40.17 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 0.56 and a beta of 0.59. The business’s fifty day moving average price is $76.85 and its 200-day moving average price is $77.85.

American International Group Dividend Announcement

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

Institutional Trading of American International Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of American International Group by 39.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,371,853 shares of the insurance provider’s stock worth $1,400,613,000 after buying an additional 4,661,246 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of American International Group by 22.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock valued at $805,529,000 after acquiring an additional 1,846,979 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of American International Group by 10.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,482,558 shares of the insurance provider’s stock worth $640,133,000 after acquiring an additional 731,802 shares during the last quarter. Raymond James Financial Inc. increased its position in American International Group by 4.4% during the second quarter. Raymond James Financial Inc. now owns 3,429,324 shares of the insurance provider’s stock worth $293,516,000 after acquiring an additional 143,361 shares during the period. Finally, Caisse de depot et placement du Quebec increased its position in American International Group by 20.9% during the third quarter. Caisse de depot et placement du Quebec now owns 2,216,284 shares of the insurance provider’s stock worth $174,067,000 after acquiring an additional 383,522 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analysts Set New Price Targets

AIG has been the topic of a number of research reports. Mizuho dropped their price objective on American International Group from $86.00 to $84.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. JPMorgan Chase & Co. decreased their target price on shares of American International Group from $97.00 to $86.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Bank of America dropped their price target on shares of American International Group from $80.00 to $79.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Keefe, Bruyette & Woods lifted their price objective on shares of American International Group from $96.00 to $97.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Finally, Cantor Fitzgerald upped their price objective on shares of American International Group from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $86.76.

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.