American International Group, Inc. (NYSE:AIG) Declares $0.40 Quarterly Dividend

American International Group, Inc. (NYSE:AIG) declared a quarterly dividend on Wednesday, February 12th,Wall Street Journal reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.40 per share by the insurance provider on Monday, March 31st. This represents a $1.60 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Monday, March 17th.

American International Group has raised its dividend by an average of 6.8% annually over the last three years. American International Group has a dividend payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect American International Group to earn $6.45 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 24.8%.

American International Group Stock Up 1.3 %

AIG stock opened at $76.89 on Thursday. The company’s 50 day moving average price is $73.46 and its 200 day moving average price is $74.48. The firm has a market capitalization of $47.96 billion, a price-to-earnings ratio of -22.68, a PEG ratio of 5.87 and a beta of 1.05. American International Group has a fifty-two week low of $68.04 and a fifty-two week high of $80.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. On average, equities research analysts anticipate that American International Group will post 4.89 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on AIG shares. Wells Fargo & Company raised their price target on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. The Goldman Sachs Group reissued a “neutral” rating and set a $79.00 target price (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 price target on shares of American International Group in a research note on Wednesday, November 6th. Finally, StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, American International Group has an average rating of “Hold” and an average target price of $84.13.

American International Group Company Profile

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.