American International Group (NYSE:AIG) is scheduled to post its quarterly earnings results after the market closes on Monday, August 3rd. Analysts expect American International Group to post earnings of $0.67 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.
American International Group (NYSE:AIG) last announced its quarterly earnings results on Monday, May 4th. The insurance provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.72). The company had revenue of $10.92 billion during the quarter, compared to analyst estimates of $11.58 billion. American International Group had a return on equity of 4.31% and a net margin of 8.59%. During the same period in the prior year, the firm earned $1.58 EPS. On average, analysts expect American International Group to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of American International Group stock opened at $32.14 on Friday. American International Group has a 12-month low of $16.07 and a 12-month high of $58.66. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average price of $31.18 and a two-hundred day moving average price of $34.22. The stock has a market capitalization of $27.68 billion, a P/E ratio of 6.47, a PEG ratio of 1.22 and a beta of 1.46.
AIG has been the topic of a number of research analyst reports. UBS Group lowered their target price on shares of American International Group from $49.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Deutsche Bank reduced their price objective on American International Group from $53.00 to $36.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Bank of America began coverage on American International Group in a research note on Monday, June 1st. They issued a “neutral” rating for the company. William Blair downgraded shares of American International Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 5th. Finally, Morgan Stanley increased their price objective on shares of American International Group from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, June 11th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $44.23.
About American International Group
American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. 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, crop, and marine insurance.
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