American International Group, Inc. (NYSE:AIG) – Research analysts at William Blair cut their Q3 2017 earnings per share estimates for American International Group in a research note issued on Tuesday. William Blair analyst A. Klauber now anticipates that the insurance provider will earn $1.13 per share for the quarter, down from their prior estimate of $1.16. William Blair also issued estimates for American International Group’s Q4 2017 earnings at $1.14 EPS, FY2017 earnings at $5.18 EPS, Q2 2018 earnings at $1.51 EPS, Q3 2018 earnings at $1.31 EPS and Q4 2018 earnings at $1.32 EPS.

Several other research firms also recently issued reports on AIG. BidaskClub downgraded shares of American International Group from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Credit Suisse Group set a $72.00 price target on shares of American International Group and gave the company a “buy” rating in a research report on Saturday, April 15th. Morgan Stanley raised shares of American International Group from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $62.87 to $61.82 in a research report on Tuesday, May 16th. Zacks Investment Research raised shares of American International Group from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Wednesday, July 5th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of American International Group in a research report on Wednesday, April 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. American International Group presently has an average rating of “Buy” and an average price target of $69.02.

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Shares of American International Group (NYSE:AIG) opened at 64.01 on Thursday. The company has a market cap of $59.26 billion, a price-to-earnings ratio of 130.10 and a beta of 1.14. American International Group has a 12 month low of $56.80 and a 12 month high of $67.47. The stock has a 50 day moving average of $64.09 and a 200-day moving average of $63.11.

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

Several large investors have recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC boosted its stake in American International Group by 0.5% in the first quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock worth $165,000 after buying an additional 14 shares during the last quarter. Lyell Wealth Management LP boosted its stake in American International Group by 0.5% in the second quarter. Lyell Wealth Management LP now owns 3,606 shares of the insurance provider’s stock worth $225,000 after buying an additional 18 shares during the last quarter. Welch & Forbes LLC boosted its stake in American International Group by 0.7% in the first quarter. Welch & Forbes LLC now owns 4,502 shares of the insurance provider’s stock worth $281,000 after buying an additional 33 shares during the last quarter. First Personal Financial Services boosted its stake in American International Group by 0.6% in the second quarter. First Personal Financial Services now owns 6,256 shares of the insurance provider’s stock worth $391,000 after buying an additional 38 shares during the last quarter. Finally, Usca Ria LLC boosted its stake in American International Group by 0.4% in the second quarter. Usca Ria LLC now owns 11,505 shares of the insurance provider’s stock worth $719,000 after buying an additional 50 shares during the last quarter. Institutional investors own 85.88% of the company’s stock.

In other American International Group news, CEO Brian Duperreault bought 80,000 shares of the stock in a transaction dated Thursday, May 18th. The shares were bought at an average cost of $61.48 per share, for a total transaction of $4,918,400.00. Following the purchase, the chief executive officer now directly owns 80,000 shares of the company’s stock, valued at approximately $4,918,400. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.52% of the company’s stock.

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

American International Group announced that its board has approved a share buyback program on Wednesday, May 3rd that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the insurance provider to purchase up to 4.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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 and Estimates for American International Group (NYSE:AIG)

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