Wall Street brokerages predict that American International Group Inc (NYSE:AIG) will report earnings of $1.08 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for American International Group’s earnings, with estimates ranging from $0.83 to $1.23. American International Group posted earnings per share of $1.04 in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.8%. The company is expected to report its next quarterly earnings results on Wednesday, May 1st.

According to Zacks, analysts expect that American International Group will report full year earnings of $4.40 per share for the current fiscal year, with EPS estimates ranging from $4.20 to $4.63. For the next financial year, analysts forecast that the firm will report earnings of $5.03 per share, with EPS estimates ranging from $4.80 to $5.49. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for American International Group.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, February 13th. The insurance provider reported ($0.63) earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($1.10). The firm had revenue of $12.33 billion during the quarter, compared to analysts’ expectations of $12.13 billion. American International Group had a negative net margin of 0.01% and a positive return on equity of 1.76%. During the same quarter last year, the business earned $0.57 earnings per share.

Several brokerages have commented on AIG. ValuEngine upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research report on Thursday, December 20th. Argus lowered shares of American International Group from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. Credit Suisse Group initiated coverage on shares of American International Group in a research report on Tuesday, February 5th. They issued a “neutral” rating and a $46.00 price objective on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $58.00 price objective on shares of American International Group in a research report on Friday, December 7th. They noted that the move was a valuation call. Finally, Wells Fargo & Co decreased their price objective on shares of American International Group from $57.00 to $54.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. American International Group presently has a consensus rating of “Buy” and a consensus target price of $55.77.

Several institutional investors have recently added to or reduced their stakes in the stock. Capital International Investors acquired a new position in American International Group in the 3rd quarter valued at about $698,240,000. Oregon Public Employees Retirement Fund increased its stake in shares of American International Group by 4,353.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,224,577 shares of the insurance provider’s stock valued at $336,000 after acquiring an additional 12,927,638 shares during the last quarter. Norges Bank acquired a new position in shares of American International Group during the 4th quarter valued at about $354,739,000. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of American International Group by 49.9% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 22,573,630 shares of the insurance provider’s stock valued at $889,627,000 after acquiring an additional 7,516,503 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. acquired a new position in shares of American International Group during the 4th quarter valued at about $291,537,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Shares of NYSE AIG traded up $0.29 during trading on Friday, hitting $44.04. 7,435,866 shares of the company were exchanged, compared to its average volume of 5,955,370. The firm has a market capitalization of $38.29 billion, a P/E ratio of 37.64, a PEG ratio of 0.89 and a beta of 1.37. American International Group has a 1 year low of $36.16 and a 1 year high of $56.79. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.26 and a current ratio of 0.26.

American International Group announced that its board has approved a stock repurchase program on Wednesday, February 13th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the insurance provider to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be given a $0.32 dividend. The ex-dividend date is Thursday, March 14th. This represents a $1.28 annualized dividend and a dividend yield of 2.91%. American International Group’s dividend payout ratio is presently 109.40%.

About American International Group

American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.

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