American International Group, Inc. (NYSE:AIG) – Analysts at William Blair dropped their Q1 2018 earnings per share estimates for American International Group in a research note issued to investors on Tuesday. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings of $1.32 per share for the quarter, down from their previous estimate of $1.41. William Blair also issued estimates for American International Group’s FY2018 earnings at $5.46 EPS.

A number of other equities analysts have also commented on the stock. Morgan Stanley upgraded shares of American International Group from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $62.87 to $61.82 in a report on Tuesday, May 16th. Zacks Investment Research upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a report on Wednesday, July 5th. TheStreet upgraded shares of American International Group from a “c” rating to a “b-” rating in a report on Wednesday, May 3rd. Wells Fargo & Company reiterated a “buy” rating on shares of American International Group in a report on Thursday, April 20th. Finally, Credit Suisse Group set a $72.00 target price on shares of American International Group and gave the company a “buy” rating in a research note on Saturday, April 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $69.02.

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American International Group (NYSE AIG) traded down 0.46% during trading on Friday, reaching $62.71. The company had a trading volume of 1,897,475 shares. The stock’s market capitalization is $56.65 billion. American International Group has a 1-year low of $57.35 and a 1-year high of $67.47. The firm has a 50-day moving average of $64.08 and a 200-day moving average of $63.11.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, September 14th. American International Group’s dividend payout ratio (DPR) is -711.07%.

American International Group declared that its board has initiated a stock repurchase plan on Wednesday, May 3rd that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the insurance provider to repurchase up to 4.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

In other news, CEO Brian Duperreault bought 80,000 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was purchased at an average price of $61.48 per share, for a total transaction of $4,918,400.00. Following the transaction, the chief executive officer now owns 80,000 shares in the company, valued at $4,918,400. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. boosted its position in American International Group by 450.4% in the fourth quarter. Macquarie Group Ltd. now owns 186,542 shares of the insurance provider’s stock valued at $12,183,000 after buying an additional 152,647 shares during the period. Private Bank & Trust Co. boosted its position in American International Group by 18.5% in the first quarter. Private Bank & Trust Co. now owns 12,836 shares of the insurance provider’s stock valued at $802,000 after buying an additional 2,003 shares during the period. Parametrica Management Ltd bought a new position in American International Group during the first quarter valued at about $370,000. Atria Investments LLC boosted its position in American International Group by 2.6% in the first quarter. Atria Investments LLC now owns 27,710 shares of the insurance provider’s stock valued at $1,730,000 after buying an additional 694 shares during the period. Finally, Eastern Bank boosted its position in American International Group by 3.0% in the first quarter. Eastern Bank now owns 7,231 shares of the insurance provider’s stock valued at $451,000 after buying an additional 210 shares during the period. Institutional investors and hedge funds own 85.88% of the company’s stock.

About American International Group

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 and Estimates for American International Group (NYSE:AIG)

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