Analysts Expect American International Group Inc (AIG) Will Announce Earnings of $0.79 Per Share

Wall Street brokerages forecast that American International Group Inc (NYSE:AIG) will announce earnings per share of $0.79 for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for American International Group’s earnings. The highest EPS estimate is $1.15 and the lowest is $0.42. American International Group reported earnings per share of $0.57 during the same quarter last year, which indicates a positive year over year growth rate of 38.6%. The company is scheduled to report its next earnings report on Thursday, February 14th.

On average, analysts expect that American International Group will report full-year earnings of $2.56 per share for the current year, with EPS estimates ranging from $2.20 to $2.93. For the next financial year, analysts expect that the firm will report earnings of $4.99 per share, with EPS estimates ranging from $4.75 to $5.15. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow American International Group.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, October 31st. The insurance provider reported ($0.34) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.40). The business had revenue of $12 billion during the quarter, compared to the consensus estimate of $12.44 billion. American International Group had a positive return on equity of 3.44% and a negative net margin of 12.73%. During the same period in the prior year, the firm earned ($1.22) earnings per share.

AIG has been the topic of several recent analyst reports. Argus dropped their price target on American International Group from $63.00 to $58.00 and set a “buy” rating on the stock in a research report on Friday, August 10th. Morgan Stanley set a $65.00 price target on American International Group and gave the stock a “buy” rating in a research report on Wednesday, October 17th. Wells Fargo & Co set a $62.00 price target on American International Group and gave the stock a “buy” rating in a research report on Thursday, October 18th. Deutsche Bank dropped their price target on American International Group from $54.00 to $52.00 and set a “hold” rating on the stock in a research report on Monday, October 22nd. Finally, Zacks Investment Research lowered American International Group from a “hold” rating to a “sell” rating in a report on Thursday, October 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $59.31.

NYSE AIG traded down $1.51 during trading on Friday, hitting $37.90. The company’s stock had a trading volume of 9,247,854 shares, compared to its average volume of 7,480,186. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.58. The company has a market cap of $34.86 billion, a P/E ratio of 15.79, a P/E/G ratio of 1.38 and a beta of 1.49. American International Group has a 52 week low of $37.83 and a 52 week high of $65.05.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 12th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Tuesday, December 11th. American International Group’s payout ratio is presently 53.33%.

Large investors have recently made changes to their positions in the company. ARGA Investment Management LP grew its holdings in shares of American International Group by 13.9% during the 3rd quarter. ARGA Investment Management LP now owns 93,099 shares of the insurance provider’s stock worth $4,957,000 after purchasing an additional 11,350 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in American International Group by 16.4% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 57,732 shares of the insurance provider’s stock valued at $3,060,000 after buying an additional 8,141 shares in the last quarter. Canton Hathaway LLC acquired a new stake in American International Group in the 3rd quarter valued at $163,000. Jupiter Asset Management Ltd. boosted its stake in American International Group by 1.7% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 254,025 shares of the insurance provider’s stock valued at $13,527,000 after buying an additional 4,346 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in American International Group by 6.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 310,343 shares of the insurance provider’s stock valued at $16,524,000 after buying an additional 19,100 shares in the last quarter. 90.18% of the stock is currently owned by institutional investors.

About American International Group

American International Group, Inc provides insurance products for commercial, institutional, and individual customers primarily in the United States, Europe, and Japan. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, and marine insurance.

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