American International Group, Inc. (NYSE:AIG) released its quarterly earnings results on Thursday. The insurance provider reported ($1.22) earnings per share for the quarter, missing the consensus estimate of $1.23 by ($2.45), Bloomberg Earnings reports. The company had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.05 billion. American International Group had a negative net margin of 5.07% and a positive return on equity of 3.41%. During the same quarter last year, the firm earned $1.23 EPS.

American International Group (AIG) opened at $62.00 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market cap of $58.70 billion, a P/E ratio of 25.89, a P/E/G ratio of 1.76 and a beta of 1.23.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, December 7th. American International Group’s dividend payout ratio (DPR) is currently -51.00%.

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Several equities analysts have recently issued reports on the company. Wells Fargo & Company reaffirmed a “buy” rating and issued a $75.00 price target on shares of American International Group in a research report on Sunday, October 1st. Buckingham Research began coverage on American International Group in a research report on Monday, September 11th. They issued an “underperform” rating and a $52.00 target price for the company. Deutsche Bank AG reissued a “sell” rating and issued a $60.00 target price (up previously from $57.00) on shares of American International Group in a research report on Wednesday, August 9th. ValuEngine downgraded American International Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, UBS Group AG (USA) cut their price objective on American International Group from $65.00 to $64.00 and set a “neutral” rating for the company in a research note on Tuesday, September 19th. Four analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $68.18.

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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