American International Group, Inc. (NYSE:AIG) Forecasted to Post Q1 2018 Earnings of $1.32 Per Share

American International Group, Inc. (NYSE:AIG) – Stock analysts at William Blair decreased their Q1 2018 earnings per share estimates for shares of American International Group in a research note issued on Tuesday. William Blair analyst A. Klauber now forecasts that the insurance provider will earn $1.32 per share for the quarter, down from their prior estimate of $1.41. William Blair also issued estimates for American International Group’s FY2018 earnings at $5.46 EPS.

AIG has been the subject of a number of other research reports. Deutsche Bank AG reiterated a “sell” rating and issued a $60.00 price objective (up previously from $57.00) on shares of American International Group in a report on Wednesday. TheStreet upgraded shares of American International Group from a “c” rating to a “b-” rating in a report on Wednesday, May 3rd. Atlantic Securities downgraded shares of American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price objective for the company. in a report on Wednesday. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $75.00 price objective on shares of American International Group in a report on Thursday, August 3rd. Finally, BidaskClub downgraded shares of American International Group from a “hold” rating to a “sell” rating in a report on Sunday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. American International Group has a consensus rating of “Buy” and an average target price of $69.02.

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Shares of American International Group (NYSE:AIG) opened at 62.65 on Friday. American International Group has a 52 week low of $57.35 and a 52 week high of $67.47. The company’s market capitalization is $56.60 billion. The firm’s 50-day moving average price is $64.07 and its 200 day moving average price is $63.09.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.33. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. The company had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $12.61 billion. During the same period in the previous year, the firm posted $0.98 earnings per share.

A number of institutional investors have recently modified their holdings of the stock. Donald Smith & CO. Inc. boosted its position in shares of American International Group by 0.4% in the second quarter. Donald Smith & CO. Inc. now owns 1,693,796 shares of the insurance provider’s stock valued at $105,896,000 after buying an additional 6,402 shares in the last quarter. Ally Financial Inc. boosted its position in shares of American International Group by 37.5% in the second quarter. Ally Financial Inc. now owns 55,000 shares of the insurance provider’s stock valued at $3,439,000 after buying an additional 15,000 shares in the last quarter. Virtu KCG Holdings LLC boosted its position in shares of American International Group by 189.7% in the second quarter. Virtu KCG Holdings LLC now owns 83,568 shares of the insurance provider’s stock valued at $5,225,000 after buying an additional 54,719 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of American International Group during the second quarter valued at approximately $134,359,000. Finally, Parametric Portfolio Associates LLC boosted its position in shares of American International Group by 47.1% in the second quarter. Parametric Portfolio Associates LLC now owns 2,898,054 shares of the insurance provider’s stock valued at $181,186,000 after buying an additional 928,192 shares in the last quarter. 85.88% of the stock is owned by institutional investors.

In other American International Group news, CEO Brian Duperreault purchased 80,000 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was bought at an average price of $61.48 per share, with a total value of $4,918,400.00. Following the transaction, the chief executive officer now directly owns 80,000 shares of the company’s stock, valued at approximately $4,918,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.52% of the company’s stock.

American International Group declared that its Board of Directors has approved a stock buyback plan on Wednesday, May 3rd that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the insurance provider to reacquire up to 4.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.32 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.28 annualized dividend and a yield of 2.04%. American International Group’s dividend payout ratio is presently -711.07%.

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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