American International Group’s (AIG) “Neutral” Rating Reaffirmed at B. Riley

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.

Analyst Recommendations for American International Group (NYSE:AIG)

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