B. Riley reaffirmed their neutral rating on shares of American International Group, Inc. (NYSE:AIG) in a research report released on Monday, November 6th. B. Riley also issued estimates for American International Group’s FY2017 earnings at $2.75 EPS, FY2018 earnings at $5.00 EPS and FY2019 earnings at $5.30 EPS.
Other equities research analysts have also recently issued research reports about the company. BidaskClub raised American International Group from a hold rating to a buy rating in a research note on Monday, August 7th. Zacks Investment Research cut American International Group from a hold rating to a sell rating in a research note on Monday, October 30th. Barclays PLC cut their price target on American International Group from $74.00 to $71.00 and set an overweight rating on the stock in a report on Monday, October 16th. Bank of America Corporation lowered American International Group from a buy rating to a neutral rating and set a $69.00 price target on the stock. in a report on Friday, November 3rd. Finally, Deutsche Bank AG reiterated a sell rating and issued a $60.00 price target (up previously from $57.00) on shares of American International Group in a report on Wednesday, August 9th. Four analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. American International Group has an average rating of Hold and an average target price of $68.18.
Shares of American International Group (NYSE AIG) remained flat at $$60.06 on Monday. The stock had a trading volume of 5,557,309 shares, compared to its average volume of 5,152,288. American International Group has a 52-week low of $57.90 and a 52-week high of $67.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market cap of $53,991.48, a price-to-earnings ratio of 23.93, a PEG ratio of 1.86 and a beta of 1.23.
American International Group (NYSE:AIG) last issued its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($2.45). The firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.05 billion. American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. During the same period in the previous year, the company earned $1.23 EPS. equities analysts anticipate that American International Group will post 2.93 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Thursday, December 7th. American International Group’s dividend payout ratio is -51.00%.
A number of large investors have recently bought and sold shares of the stock. Davis Selected Advisers boosted its stake in American International Group by 0.9% during the third quarter. Davis Selected Advisers now owns 357,634 shares of the insurance provider’s stock valued at $21,955,000 after buying an additional 3,340 shares during the period. Gofen & Glossberg LLC IL bought a new stake in American International Group during the third quarter valued at $441,000. EagleClaw Capital Managment LLC boosted its stake in American International Group by 7.1% during the third quarter. EagleClaw Capital Managment LLC now owns 28,800 shares of the insurance provider’s stock valued at $1,761,000 after buying an additional 1,900 shares during the period. Moors & Cabot Inc. boosted its stake in American International Group by 19.6% during the third quarter. Moors & Cabot Inc. now owns 9,639 shares of the insurance provider’s stock valued at $590,000 after buying an additional 1,577 shares during the period. Finally, Yellowstone Partners LLC bought a new stake in American International Group during the third quarter valued at $525,000. 83.52% of the stock is owned by institutional investors.
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.
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