American International Group, Inc. (NYSE:AIG) – Research analysts at FBR & Co issued their Q3 2017 earnings estimates for American International Group in a report released on Tuesday. FBR & Co analyst R. Binner forecasts that the insurance provider will post earnings per share of ($0.82) for the quarter. FBR & Co also issued estimates for American International Group’s FY2017 earnings at $3.30 EPS.

AIG has been the topic of several other research reports. Wells Fargo & Company reiterated a “buy” rating and set a $75.00 price objective on shares of American International Group in a report on Sunday, October 1st. Buckingham Research started coverage on American International Group in a research report on Monday, September 11th. They issued an “underperform” rating and a $52.00 target price on the stock. Deutsche Bank AG reissued a “sell” rating and issued a $60.00 target price (up previously from $57.00) on shares of American International Group in a research report on Wednesday, August 9th. ValuEngine lowered American International Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, UBS AG dropped their target price on American International Group from $65.00 to $64.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 19th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $68.35.

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American International Group (NYSE:AIG) opened at 61.84 on Thursday. The stock has a 50 day moving average price of $60.67 and a 200-day moving average price of $62.20. The firm’s market cap is $55.87 billion. American International Group has a one year low of $57.35 and a one year high of $67.47.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.33. The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $12.61 billion. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. During the same period in the prior year, the firm earned $0.98 earnings per share.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AIG. Pathstone Family Office LLC lifted its position in shares of American International Group by 2,557.1% during the 2nd quarter. Pathstone Family Office LLC now owns 1,488 shares of the insurance provider’s stock valued at $2,227,000 after acquiring an additional 1,432 shares during the period. Israel Discount Bank of New York bought a new stake in shares of American International Group during the 1st quarter valued at $145,000. Peddock Capital Advisors LLC lifted its position in shares of American International Group by 100.0% during the 2nd 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 during the period. Chicago Partners Investment Group LLC lifted its position in shares of American International Group by 0.5% during the 1st quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock valued at $165,000 after acquiring an additional 14 shares during the period. Finally, Bronfman E.L. Rothschild L.P. lifted its position in shares of American International Group by 30.3% during the 2nd 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 during the period. Institutional investors and hedge funds own 83.98% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.32 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.28 annualized dividend and a yield of 2.07%. American International Group’s dividend payout ratio (DPR) is presently -711.07%.

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.

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

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