American International Group, Inc. (NYSE:AIG) – Equities researchers at Langen Mcalenn dropped their Q3 2017 EPS estimates for shares of American International Group in a note issued to investors on Tuesday. Langen Mcalenn analyst L. Greenberg now expects that the insurance provider will post earnings per share of ($0.73) for the quarter, down from their prior forecast of ($0.67). Langen Mcalenn also issued estimates for American International Group’s Q4 2017 earnings at $1.16 EPS, Q1 2018 earnings at $1.32 EPS, Q2 2018 earnings at $1.37 EPS, Q3 2018 earnings at $1.38 EPS and Q4 2018 earnings at $1.38 EPS.

Other research analysts also recently issued research reports about the company. Zacks Investment Research upgraded American International Group from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Wednesday, July 5th. Wells Fargo & Company reiterated a “buy” rating on shares of American International Group in a report on Wednesday, July 5th. BidaskClub upgraded American International Group from a “hold” rating to a “buy” rating in a report on Monday, August 7th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $75.00 price target on shares of American International Group in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $73.00 price target on shares of American International Group in a report on Wednesday, September 6th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $68.35.

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

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.32 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.05%. American International Group’s dividend payout ratio is currently -711.07%.

Several large investors have recently made changes to their positions in the business. Chicago Partners Investment Group LLC lifted its position in shares of 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 lifted its position in shares of American International Group by 0.5% during the 2nd quarter. Lyell Wealth Management LP now owns 3,606 shares of the insurance provider’s stock worth $225,000 after purchasing an additional 18 shares during the last quarter. First Personal Financial Services lifted its position in shares of American International Group by 0.6% during the 2nd quarter. First Personal Financial Services now owns 6,256 shares of the insurance provider’s stock worth $391,000 after purchasing an additional 38 shares during the last quarter. Usca Ria LLC lifted its position in shares of American International Group by 0.4% during the 2nd quarter. Usca Ria LLC now owns 11,505 shares of the insurance provider’s stock worth $719,000 after purchasing an additional 50 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of American International Group by 1.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,004 shares of the insurance provider’s stock worth $250,000 after purchasing an additional 68 shares during the last quarter. 83.98% of the stock is owned by institutional investors.

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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