American International Group’s (NYSE:AIG) Neutral Rating Reaffirmed at B. Riley

B. Riley reiterated their neutral rating on shares of American International Group, Inc. (NYSE:AIG) in a research note issued to investors 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.

Several other research firms also recently commented on AIG. Keefe, Bruyette & Woods reissued a buy rating and set a $75.00 price objective on shares of American International Group in a report on Thursday, August 3rd. Zacks Investment Research raised shares of American International Group from a sell rating to a hold rating in a report on Tuesday, August 1st. BidaskClub raised shares of American International Group from a sell rating to a hold rating in a report on Tuesday, August 1st. Bank of America Corporation downgraded shares of American International Group from a buy rating to a neutral rating and set a $69.00 price target for the company. in a report on Friday, November 3rd. Finally, Deutsche Bank AG reaffirmed 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 investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Hold and an average price target of $68.18.

Shares of American International Group (AIG) traded down $0.21 during trading on Monday, reaching $59.03. 1,740,000 shares of the company traded hands, compared to its average volume of 5,310,000. The company has a market cap of $52,890.00, a P/E ratio of 23.60, a P/E/G ratio of 1.91 and a beta of 1.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.26 and a quick ratio of 0.26. American International Group has a one year low of $57.90 and a one year high of $67.47.

American International Group (NYSE:AIG) last released its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.22) EPS for the quarter, missing the consensus estimate of $1.23 by ($2.45). American International Group had a negative net margin of 5.07% and a positive return on equity of 3.43%. The company had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.05 billion. During the same period last year, the company earned $1.23 EPS. analysts anticipate that American International Group will post 2.82 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, December 7th. American International Group’s dividend payout ratio (DPR) is presently -51.41%.

A number of hedge funds have recently modified their holdings of AIG. Bank of Nova Scotia Trust Co. purchased a new position in American International Group during the third quarter valued at approximately $109,000. Peddock Capital Advisors LLC boosted its stake in American International Group by 100.0% in the second quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock valued at $159,000 after acquiring an additional 1,271 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in American International Group in the third quarter valued at approximately $163,000. Rational Advisors LLC boosted its stake in American International Group by 100.0% in the third quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock valued at $184,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its stake in American International Group by 30.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock valued at $192,000 after acquiring an additional 716 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors.

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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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