American International Group (NYSE:AIG) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

American International Group (NYSE:AIG) posted its quarterly earnings results on Tuesday. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03), Zacks reports. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%.

American International Group Stock Performance

Shares of AIG traded up $0.85 during midday trading on Tuesday, reaching $75.94. The stock had a trading volume of 4,633,994 shares, compared to its average volume of 3,868,124. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The firm has a 50 day simple moving average of $73.43 and a 200-day simple moving average of $74.47. The firm has a market cap of $47.37 billion, a PE ratio of -22.40, a P/E/G ratio of 5.87 and a beta of 1.05. American International Group has a one year low of $68.04 and a one year high of $80.83.

Analysts Set New Price Targets

AIG has been the subject of a number of analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $87.00 price objective on shares of American International Group in a report on Wednesday, November 6th. Wells Fargo & Company upped their price objective on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. reduced their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. The Goldman Sachs Group restated a “neutral” rating and set a $79.00 target price (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Finally, StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $84.13.

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.