American International Group Inc. (NYSE:AIG) – Research analysts at FBR & Co dropped their FY2016 earnings estimates for American International Group in a report issued on Wednesday. FBR & Co analyst R. Binner now expects that the firm will post earnings per share of $3.62 for the year, down from their prior forecast of $3.90. FBR & Co has a “Hold” rating and a $53.00 price objective on the stock. FBR & Co also issued estimates for American International Group’s FY2017 earnings at $5.00 EPS and FY2018 earnings at $6.00 EPS.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, November 2nd. The insurance provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.02. American International Group had a return on equity of 1.82% and a net margin of 0.66%. During the same period in the prior year, the company posted $0.52 EPS.

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

Other research analysts have also recently issued research reports about the company. Barclays PLC boosted their price target on American International Group from $60.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, September 30th. Zacks Investment Research cut American International Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 6th. Deutsche Bank AG boosted their price target on American International Group from $58.00 to $59.00 and gave the stock a “hold” rating in a research note on Wednesday, August 3rd. Credit Suisse Group AG began coverage on American International Group in a research note on Friday, October 7th. They issued a “neutral” rating and a $60.00 price target on the stock. Finally, BMO Capital Markets boosted their price target on American International Group from $58.86 to $64.00 and gave the stock a “market perform” rating in a research note on Monday, August 22nd. Nine equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $65.12.

American International Group (NYSE:AIG) opened at 63.32 on Friday. American International Group has a 52 week low of $48.41 and a 52 week high of $64.31. The firm has a 50 day moving average price of $60.05 and a 200 day moving average price of $57.22. The stock has a market capitalization of $66.04 billion, a P/E ratio of 206.25 and a beta of 1.37.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Thursday, 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 2.02%. American International Group’s dividend payout ratio (DPR) is presently 290.92%.

Several hedge funds have recently added to or reduced their stakes in the stock. Capital Research Global Investors raised its stake in American International Group by 23.7% in the second quarter. Capital Research Global Investors now owns 69,710,055 shares of the insurance provider’s stock worth $3,686,965,000 after buying an additional 13,367,970 shares during the last quarter. Alliancebernstein L.P. raised its stake in American International Group by 13.0% in the second quarter. Alliancebernstein L.P. now owns 10,045,304 shares of the insurance provider’s stock worth $531,296,000 after buying an additional 1,159,555 shares during the last quarter. Cohen & Steers Inc. raised its stake in American International Group by 4,949.7% in the second quarter. Cohen & Steers Inc. now owns 8,603,093 shares of the insurance provider’s stock worth $454,846,000 after buying an additional 8,432,725 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in American International Group by 4.9% in the third quarter. Canada Pension Plan Investment Board now owns 8,597,827 shares of the insurance provider’s stock worth $510,195,000 after buying an additional 399,498 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its stake in American International Group by 1.3% in the second quarter. First Eagle Investment Management LLC now owns 8,352,452 shares of the insurance provider’s stock worth $441,761,000 after buying an additional 109,710 shares during the last quarter. Institutional investors own 84.54% of the company’s stock.

About American International Group

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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