Brokerages Anticipate American International Group Inc (AIG) Will Post Earnings of $1.15 Per Share

Brokerages expect that American International Group Inc (NYSE:AIG) will report earnings per share (EPS) of $1.15 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for American International Group’s earnings, with estimates ranging from $1.07 to $1.29. American International Group posted earnings per share of $1.05 during the same quarter last year, which would indicate a positive year over year growth rate of 9.5%. The company is expected to report its next quarterly earnings results on Thursday, August 1st.

On average, analysts expect that American International Group will report full year earnings of $4.96 per share for the current fiscal year, with EPS estimates ranging from $4.80 to $5.06. For the next fiscal year, analysts forecast that the firm will report earnings of $5.09 per share, with EPS estimates ranging from $4.90 to $5.49. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for American International Group.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Monday, May 6th. The insurance provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.52. American International Group had a positive return on equity of 2.48% and a negative net margin of 0.60%. The company had revenue of $12.90 billion during the quarter, compared to the consensus estimate of $12.25 billion. During the same period in the prior year, the company earned $1.04 earnings per share.

Several equities research analysts have issued reports on AIG shares. Royal Bank of Canada restated an “outperform” rating and issued a $56.00 price target on shares of American International Group in a report on Wednesday, May 8th. Wells Fargo & Co reaffirmed a “buy” rating and set a $54.00 price objective on shares of American International Group in a research report on Wednesday, February 13th. Compass Point raised American International Group from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $44.00 to $56.00 in a research report on Friday, February 15th. Zacks Investment Research raised American International Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Finally, ValuEngine cut American International Group from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. American International Group presently has an average rating of “Buy” and a consensus target price of $54.64.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc boosted its position in American International Group by 0.3% during the third quarter. Vanguard Group Inc now owns 66,104,610 shares of the insurance provider’s stock valued at $3,519,409,000 after purchasing an additional 225,775 shares during the last quarter. Kirr Marbach & Co. LLC IN boosted its position in American International Group by 2.5% during the fourth quarter. Kirr Marbach & Co. LLC IN now owns 215,786 shares of the insurance provider’s stock valued at $8,504,000 after purchasing an additional 5,290 shares during the last quarter. IFM Investors Pty Ltd boosted its position in American International Group by 8.8% during the fourth quarter. IFM Investors Pty Ltd now owns 51,503 shares of the insurance provider’s stock valued at $2,030,000 after purchasing an additional 4,187 shares during the last quarter. First Quadrant L P CA acquired a new position in American International Group during the fourth quarter valued at approximately $106,000. Finally, Sumitomo Life Insurance Co. boosted its position in American International Group by 2.5% during the fourth quarter. Sumitomo Life Insurance Co. now owns 29,643 shares of the insurance provider’s stock valued at $1,168,000 after purchasing an additional 714 shares during the last quarter. 90.10% of the stock is owned by institutional investors.

Shares of American International Group stock traded down $0.73 during trading hours on Friday, hitting $51.83. The company’s stock had a trading volume of 44,668 shares, compared to its average volume of 6,808,218. American International Group has a 12 month low of $36.16 and a 12 month high of $56.36. The company has a market capitalization of $45.66 billion, a P/E ratio of 44.33, a price-to-earnings-growth ratio of 0.96 and a beta of 1.40. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.27 and a quick ratio of 0.27.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.28 annualized dividend and a dividend yield of 2.47%. American International Group’s dividend payout ratio is currently 109.40%.

American International Group declared that its board has authorized a stock repurchase program on Wednesday, February 13th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the insurance provider to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

American International Group Company Profile

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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Earnings History and Estimates for American International Group (NYSE:AIG)

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