American International Group Inc. (NYSE:AIG) – Equities research analysts at Langen Mcalenn boosted their Q3 2016 earnings estimates for American International Group in a note issued to investors on Tuesday. Langen Mcalenn analyst L. Greenberg now anticipates that the brokerage will post earnings of $1.33 per share for the quarter, up from their prior forecast of $1.18. Langen Mcalenn also issued estimates for American International Group’s Q4 2016 earnings at $1.40 EPS and FY2016 earnings at $4.30 EPS.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Tuesday, August 2nd. The insurance provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. American International Group had a negative net margin of 0.64% and a positive return on equity of 1.33%. During the same period in the prior year, the company posted $1.39 EPS.

Earnings History and Estimates for American International Group (NYSE:AIG)

Several other equities analysts also recently issued reports on the stock. Atlantic Securities raised shares of American International Group from a “neutral” rating to an “overweight” rating and set a $60.00 price objective on the stock in a report on Thursday, June 30th. They noted that the move was a valuation call. Vetr downgraded shares of American International Group from a “strong-buy” rating to a “buy” rating and set a $58.24 price objective on the stock. in a report on Monday, July 11th. Barclays PLC increased their price objective on shares of American International Group from $60.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, September 30th. Zacks Investment Research downgraded shares of American International Group from a “buy” rating to a “hold” rating in a report on Thursday, October 6th. Finally, Deutsche Bank AG increased their price objective on shares of American International Group from $58.00 to $59.00 and gave the company a “hold” rating in a report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $65.10.

Shares of American International Group (NYSE:AIG) opened at 59.86 on Friday. The firm has a 50-day moving average of $59.12 and a 200-day moving average of $56.38. The company’s market capitalization is $64.09 billion. American International Group has a one year low of $48.41 and a one year high of $64.31.

Several hedge funds have recently modified their holdings of AIG. RPg Family Wealth Advisory LLC increased its stake in shares of American International Group by 59.8% in the first quarter. RPg Family Wealth Advisory LLC now owns 2,483 shares of the insurance provider’s stock valued at $134,000 after buying an additional 929 shares in the last quarter. Mountain Lake Investment Management LLC bought a new stake in shares of American International Group during the first quarter valued at $135,000. Chicago Partners Investment Group LLC increased its stake in shares of American International Group by 0.6% in the second quarter. Chicago Partners Investment Group LLC now owns 2,601 shares of the insurance provider’s stock valued at $138,000 after buying an additional 16 shares in the last quarter. Gilder Gagnon Howe & Co. LLC increased its stake in shares of American International Group by 0.5% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 3,303 shares of the insurance provider’s stock valued at $175,000 after buying an additional 17 shares in the last quarter. Finally, Norman Fields Gottscho Capital Management LLC bought a new stake in shares of American International Group during the third quarter valued at $208,000. Institutional investors and hedge funds own 84.69% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $1.28 annualized dividend and a dividend yield of 2.14%. American International Group’s dividend payout ratio is presently -799.95%.

American International Group Company Profile

American International Group, Inc (AIG) is an insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in over 100 countries and jurisdictions. The Company operates through two segments: Commercial Insurance and Consumer Insurance, as well as a Corporate and Other category.

5 Day Chart for NYSE:AIG

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