American International Group, Inc. (NYSE:AIG) Earns Neutral Rating from B. Riley

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.

Analyst Recommendations for American International Group (NYSE:AIG)

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