American International Group Inc (NYSE:AIG) – Analysts at Langen Mcalenn cut their Q4 2017 EPS estimates for American International Group in a research report issued on Tuesday. Langen Mcalenn analyst L. Greenberg now forecasts that the insurance provider will earn $0.60 per share for the quarter, down from their previous forecast of $0.77.

American International Group (NYSE:AIG) last posted its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.05 billion. During the same quarter in the previous year, the company earned $1.23 EPS.

Several other equities analysts have also weighed in on the stock. Wells Fargo & Co restated a “buy” rating and set a $75.00 price target on shares of American International Group in a research report on Sunday, October 1st. UBS Group reduced their price target on shares of American International Group from $64.00 to $63.00 and set a “neutral” rating for the company in a research report on Monday, October 2nd. ValuEngine lowered shares of American International Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Morgan Stanley restated a “buy” rating on shares of American International Group in a research report on Tuesday, October 10th. Finally, Zacks Investment Research lowered shares of American International Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. American International Group has a consensus rating of “Hold” and an average price target of $67.41.

Shares of American International Group (NYSE AIG) opened at $61.42 on Wednesday. American International Group has a one year low of $57.85 and a one year high of $67.45. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.43. The stock has a market cap of $55,210.00, a price-to-earnings ratio of -24.67, a PEG ratio of 1.00 and a beta of 1.18.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of Nova Scotia Trust Co. purchased a new stake in American International Group during the third quarter valued at about $109,000. Chicago Partners Investment Group LLC purchased a new stake in American International Group during the third quarter valued at about $163,000. Rational Advisors LLC lifted its holdings in American International Group by 100.0% during the third quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock valued at $184,000 after purchasing an additional 1,500 shares during the last quarter. First Capital Advisors Group LLC. purchased a new stake in American International Group during the third quarter valued at about $200,000. Finally, Investment Centers of America Inc. purchased a new stake in American International Group during the third quarter valued at about $200,000. 85.89% of the stock is currently owned by institutional investors and hedge funds.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 8th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Thursday, December 7th. American International Group’s dividend payout ratio (DPR) is presently -51.41%.

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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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