B. Riley reaffirmed their neutral rating on shares of American International Group, Inc. (NYSE:AIG) in a research report released on Monday morning. 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.
A number of other equities research analysts have also recently issued reports on the stock. Bank of America Corporation cut shares of American International Group from a buy rating to a neutral rating and set a $69.00 target price for the company. in a research report on Friday, November 3rd. Zacks Investment Research cut shares of American International Group from a hold rating to a sell rating in a research report on Monday, October 30th. Wells Fargo & Company set a $75.00 target price on shares of American International Group and gave the company a buy rating in a research report on Tuesday, October 17th. Barclays PLC reduced their target price on shares of American International Group from $74.00 to $71.00 and set an overweight rating for the company in a research report on Monday, October 16th. Finally, Morgan Stanley reissued a buy rating on shares of American International Group in a research report on Tuesday, October 10th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. American International Group presently has a consensus rating of Hold and a consensus target price of $68.18.
American International Group (NYSE AIG) opened at $62.24 on Monday. The company has a current ratio of 0.26, a quick ratio of 0.27 and a debt-to-equity ratio of 0.43. American International Group has a 52-week low of $57.90 and a 52-week high of $67.47. The company has a market cap of $55,438.82, a price-to-earnings ratio of 24.57, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23.
American International Group (NYSE:AIG) last announced its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($2.45). The business had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.05 billion. American International Group had a negative net margin of 5.07% and a positive return on equity of 3.43%. During the same period in the previous year, the firm posted $1.23 EPS. equities analysts predict that American International Group will post 2.93 EPS for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders 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 2.06%. The ex-dividend date is Thursday, December 7th. American International Group’s payout ratio is -51.00%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Northern Capital Management LLC raised its stake in American International Group by 4.0% during the second quarter. Northern Capital Management LLC now owns 46,115 shares of the insurance provider’s stock worth $2,883,000 after acquiring an additional 1,760 shares in the last quarter. Girard Partners LTD. acquired a new position in shares of American International Group in the second quarter valued at approximately $215,000. Oppenheimer & Co. Inc. increased its stake in shares of American International Group by 9.8% in the second quarter. Oppenheimer & Co. Inc. now owns 88,877 shares of the insurance provider’s stock valued at $5,557,000 after buying an additional 7,963 shares during the period. AXA increased its stake in shares of American International Group by 113.5% in the second quarter. AXA now owns 411,178 shares of the insurance provider’s stock valued at $25,707,000 after buying an additional 218,583 shares during the period. Finally, Allen Investment Management LLC increased its stake in shares of American International Group by 126.4% in the second quarter. Allen Investment Management LLC now owns 42,000 shares of the insurance provider’s stock valued at $2,626,000 after buying an additional 23,445 shares during the period. 83.55% of the stock is owned by hedge funds and other 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.
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