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

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

American International Group (NYSE:AIG) last posted 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). American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The firm had revenue of $1.00 million during the quarter, compared to the consensus estimate of $11.64 billion. During the same period in the prior year, the firm posted $1.75 EPS. The firm’s quarterly revenue was up .0% on a year-over-year basis. 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 Down 1.1 %

AIG opened at $76.82 on Monday. American International Group has a one year low of $59.12 and a one year high of $80.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.67 and a current ratio of 0.67. The stock’s fifty day moving average is $74.90 and its 200-day moving average is $75.50. The company has a market capitalization of $50.98 billion, a PE ratio of 11.47, a P/E/G ratio of 3.88 and a beta of 1.06.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Monday, September 16th. American International Group’s dividend payout ratio is presently 23.88%.

Analysts Set New Price Targets

A number of research firms have recently commented on AIG. Barclays began coverage on American International Group in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $90.00 price objective on the stock. Keefe, Bruyette & Woods decreased their target price on American International Group from $96.00 to $90.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. UBS Group lifted their target price on American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. StockNews.com cut American International Group from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $87.00 target price on shares of American International Group in a report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, American International Group has a consensus rating of “Hold” and an average target price of $84.38.

Insider Buying and Selling at American International Group

In other American International Group news, major shareholder International Group American sold 8,032,129 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $24.90, for a total value of $200,000,012.10. Following the transaction, the insider now owns 284,238,898 shares in the company, valued at $7,077,548,560.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.61% of the company’s stock.

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.