American International Group, Inc. (NYSE:AIG) – Analysts at Langen Mcalenn decreased their FY2017 earnings per share (EPS) estimates for shares of American International Group in a report issued on Tuesday. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will earn $2.55 per share for the year, down from their previous estimate of $3.38. Langen Mcalenn also issued estimates for American International Group’s Q4 2017 earnings at $0.77 EPS.

Several other research analysts also recently weighed in on the stock. B. Riley restated a “neutral” rating on shares of American International Group in a research report on Monday, November 6th. Bank of America Corporation downgraded shares of American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price objective for the company. in a report on Friday, November 3rd. Zacks Investment Research downgraded shares of American International Group from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Wells Fargo & Company set a $75.00 price objective on shares of American International Group and gave the company a “buy” rating in a report on Tuesday, October 17th. Finally, Barclays PLC cut their price objective on shares of American International Group from $74.00 to $71.00 and set an “overweight” rating for the company in a report on Monday, October 16th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $68.18.

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American International Group (AIG) opened at $62.06 on Thursday. American International Group has a 1 year low of $57.90 and a 1 year high of $67.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.27 and a current ratio of 0.26. The firm has a market cap of $55,951.23, a PE ratio of 24.80, a P/E/G ratio of 1.93 and a beta of 1.23.

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

Several large investors have recently bought and sold shares of the stock. Lyell Wealth Management LP boosted its position in shares of American International Group by 0.5% during the 2nd quarter. Lyell Wealth Management LP now owns 3,606 shares of the insurance provider’s stock worth $225,000 after purchasing an additional 18 shares during the period. First Personal Financial Services boosted its position in shares of American International Group by 0.6% during the 2nd quarter. First Personal Financial Services now owns 6,256 shares of the insurance provider’s stock worth $391,000 after purchasing an additional 38 shares during the period. Usca Ria LLC boosted its position in shares of American International Group by 0.4% during the 2nd quarter. Usca Ria LLC now owns 11,505 shares of the insurance provider’s stock worth $719,000 after purchasing an additional 50 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of American International Group by 1.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,004 shares of the insurance provider’s stock worth $250,000 after purchasing an additional 68 shares during the period. Finally, Roundview Capital LLC boosted its position in shares of American International Group by 0.7% during the 2nd quarter. Roundview Capital LLC now owns 10,353 shares of the insurance provider’s stock worth $647,000 after purchasing an additional 75 shares during the period. 83.55% of the stock is owned by hedge funds and other institutional investors.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.06%. American International Group’s payout ratio is currently -51.00%.

American International Group Company Profile

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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