American International Group (NYSE:AIG) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

American International Group (NYSE:AIG) issued its quarterly earnings data on Tuesday. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03), Zacks reports. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%.

American International Group Trading Up 1.3 %

Shares of AIG stock opened at $76.89 on Thursday. The company has a market capitalization of $47.96 billion, a price-to-earnings ratio of -22.68, a PEG ratio of 5.87 and a beta of 1.05. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The company has a 50-day simple moving average of $73.46 and a two-hundred day simple moving average of $74.48. American International Group has a 52-week low of $68.04 and a 52-week high of $80.83.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 2.08%. American International Group’s dividend payout ratio is currently -47.20%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AIG shares. Keefe, Bruyette & Woods lowered their price target on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. JPMorgan Chase & Co. dropped their target price on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Wells Fargo & Company raised their target price on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $79.00 price target (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $84.13.

About American International Group

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.