TheStreet reissued their hold rating on shares of American International Group (NYSE:AIG) in a research note released on Wednesday, StockRatingsNetwork.com reports.
“American International Group (AIG) has been reiterated by TheStreet Ratings as a hold with a ratings score of C. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins.,” TheStreet’s analyst wrote.
American International Group (NYSE:AIG) traded down 1.12% during mid-day trading on Wednesday, hitting $48.39. 1,840,217 shares of the company’s stock traded hands. American International Group has a 1-year low of $33.13 and a 1-year high of $53.33. The stock’s 50-day moving average is $49.89 and its 200-day moving average is $47.65. The company has a market cap of $71.247 billion and a price-to-earnings ratio of 23.02.
American International Group (NYSE:AIG) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.96 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.85 by $0.11. The company had revenue of $8.43 billion for the quarter, compared to the consensus estimate of $8.63 billion. During the same quarter last year, the company posted $1.00 earnings per share. American International Group’s revenue was down 3.7% compared to the same quarter last year. Analysts expect that American International Group will post $4.36 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Tuesday, December 3rd.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of American International Group from $56.00 to $58.00 in a research note to investors on Thursday, November 7th. They now have a hold rating on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of American International Group from $46.00 to $51.00 in a research note to investors on Monday, November 4th. Finally, analysts at Zacks reiterated an outperform rating on shares of American International Group in a research note to investors on Friday, November 1st. They now have a $62.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $52.18.
American International Group, Inc (NYSE:AIG) is a global insurance company.
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