News stories about American International Group (NYSE:AIG) have trended somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. American International Group earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 46.6695393038712 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:

A number of research analysts have recently weighed in on AIG shares. Wells Fargo & Company reaffirmed a “buy” rating on shares of American International Group in a research report on Wednesday, April 12th. Credit Suisse Group set a $72.00 price objective on American International Group and gave the company a “buy” rating in a research report on Saturday, April 15th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $71.00 price objective on shares of American International Group in a research report on Monday, April 24th. TheStreet raised American International Group from a “c” rating to a “b-” rating in a research report on Wednesday, May 3rd. Finally, Morgan Stanley raised American International Group from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $62.87 to $61.82 in a research report on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $68.95.

Shares of American International Group (NYSE AIG) traded down 0.87% during mid-day trading on Wednesday, hitting $64.01. The stock had a trading volume of 5,601,434 shares. American International Group has a one year low of $57.35 and a one year high of $67.47. The stock has a market cap of $59.26 billion, a P/E ratio of 130.10 and a beta of 1.14. The firm has a 50 day moving average of $64.02 and a 200-day moving average of $63.17.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.33. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. The business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $12.61 billion. During the same period in the previous year, the firm posted $0.98 earnings per share. Equities research analysts expect that American International Group will post $5.19 earnings per share for the current fiscal year.

American International Group announced that its Board of Directors has authorized a share buyback plan on Wednesday, May 3rd that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the insurance provider to purchase up to 4.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.00%. American International Group’s payout ratio is presently -711.07%.

In other news, CEO Brian Duperreault acquired 80,000 shares of the company’s stock in a transaction dated Thursday, May 18th. The stock was acquired at an average cost of $61.48 per share, with a total value of $4,918,400.00. Following the completion of the purchase, the chief executive officer now owns 80,000 shares of the company’s stock, valued at approximately $4,918,400. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.52% of the company’s stock.

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American International Group Company Profile

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.

Insider Buying and Selling by Quarter for American International Group (NYSE:AIG)

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