American International Group Inc to Post Q4 2017 Earnings of $1.02 Per Share, B. Riley Forecasts (AIG)
American International Group Inc (NYSE:AIG) – Research analysts at B. Riley issued their Q4 2017 earnings per share (EPS) estimates for American International Group in a report issued on Monday. B. Riley analyst R. Binner anticipates that the insurance provider will post earnings of $1.02 per share for the quarter. B. Riley has a “Neutral” rating on the stock.
American International Group (NYSE:AIG) last issued its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.05 billion. During the same period in the previous year, the business posted $1.23 earnings per share.
Shares of American International Group (NYSE:AIG) opened at $59.55 on Wednesday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.43. American International Group has a 52 week low of $57.90 and a 52 week high of $67.47. The stock has a market capitalization of $53,964.53, a PE ratio of 23.92, a price-to-earnings-growth ratio of 1.98 and a beta of 1.17.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Thursday, December 7th. American International Group’s dividend payout ratio is currently -51.00%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Candriam Luxembourg S.C.A. raised its holdings in shares of American International Group by 5.5% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 64,579 shares of the insurance provider’s stock valued at $4,038,000 after buying an additional 3,366 shares during the period. Beach Investment Management LLC. purchased a new stake in shares of American International Group during the 2nd quarter valued at about $2,770,000. AT Bancorp purchased a new stake in shares of American International Group during the 2nd quarter valued at about $414,000. Goelzer Investment Management Inc. purchased a new stake in shares of American International Group during the 2nd quarter valued at about $2,352,000. Finally, Global X Management Co. LLC raised its holdings in shares of American International Group by 12.2% during the 2nd quarter. Global X Management Co. LLC now owns 9,469 shares of the insurance provider’s stock valued at $592,000 after buying an additional 1,026 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.
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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.
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