American International Group (NYSE:AIG) announced its quarterly earnings data on Thursday. The insurance provider reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.18), Bloomberg Earnings reports. American International Group had a negative net margin of 5.07% and a positive return on equity of 3.43%. During the same quarter in the previous year, the business earned ($2.96) EPS.

American International Group (NYSE AIG) traded up $1.56 during trading hours on Friday, hitting $59.84. The stock had a trading volume of 4,899,287 shares, compared to its average volume of 6,227,576. American International Group has a fifty-two week low of $57.85 and a fifty-two week high of $67.30. The company has a market capitalization of $53,880.00, a P/E ratio of -23.99, a price-to-earnings-growth ratio of 0.99 and a beta of 1.17. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.26 and a current ratio of 0.26.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.14%. American International Group’s dividend payout ratio (DPR) is -51.41%.

A number of brokerages have issued reports on AIG. Bank of America raised shares of American International Group from a “neutral” rating to a “buy” rating and cut their price objective for the company from $59.40 to $58.28 in a report on Friday. Zacks Investment Research downgraded American International Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. B. Riley reiterated a “neutral” rating on shares of American International Group in a research report on Monday, November 6th. Goldman Sachs Group began coverage on American International Group in a research report on Monday, December 4th. They set a “neutral” rating and a $61.00 target price for the company. Finally, Credit Suisse Group set a $73.00 target price on American International Group and gave the company a “buy” rating in a research report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $66.87.

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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.

Earnings History for American International Group (NYSE:AIG)

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