American International Group (AIG) to Release Quarterly Earnings on Monday

American International Group (NYSE:AIG) is scheduled to issue its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $1.18 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.14). The company had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.64 billion. American International Group had a negative net margin of 1.54% and a positive return on equity of 9.52%. The business’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company posted $1.75 EPS. On average, analysts expect American International Group to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

American International Group Stock Performance

Shares of NYSE AIG opened at $76.82 on Monday. The business’s 50-day simple moving average is $74.90 and its 200-day simple moving average is $75.50. American International Group has a 52 week low of $59.12 and a 52 week high of $80.83. The firm has a market cap of $50.98 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of 3.88 and a beta of 1.06. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.67 and a current ratio of 0.67.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.60 annualized dividend and a yield of 2.08%. American International Group’s payout ratio is 23.88%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AIG. Jefferies Financial Group increased their target price on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. upgraded American International Group from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $93.00 to $89.00 in a research note on Thursday, October 10th. Morgan Stanley decreased their target price on American International Group from $82.00 to $80.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Citigroup decreased their target price on American International Group from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Finally, Wells Fargo & Company reduced their price objective on American International Group from $79.00 to $77.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $84.38.

Insider Transactions at American International Group

In related news, major shareholder International Group American sold 8,032,129 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $24.90, for a total transaction of $200,000,012.10. Following the completion of the sale, the insider now directly owns 284,238,898 shares of the company’s stock, valued at $7,077,548,560.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.61% of the stock is currently owned by insiders.

About American International Group

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.