American International Group (NYSE:AIG) Releases Quarterly Earnings Results, Beats Expectations By $0.18 EPS

American International Group (NYSE:AIG) posted its quarterly earnings data on Tuesday. The insurance provider reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.18, Zacks reports. American International Group had a return on equity of 10.73% and a net margin of 11.86%. The firm had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.42 billion. During the same period last year, the company posted $2.20 EPS.

American International Group Price Performance

Shares of NYSE:AIG opened at $82.58 on Thursday. The business has a fifty day moving average price of $77.36 and a 200-day moving average price of $76.87. American International Group has a 1-year low of $71.25 and a 1-year high of $87.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market capitalization of $43.18 billion, a PE ratio of 13.34, a PEG ratio of 0.84 and a beta of 0.48.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 16th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, December 16th. American International Group’s payout ratio is 36.56%.

Trending Headlines about American International Group

Here are the key news stories impacting American International Group this week:

• Positive Sentiment: AIG earned $2.06 per share, above analyst estimates of $1.88, while revenue of $7.44 billion slightly topped expectations. Broad-based premium growth and higher investment income helped drive the beat. AIG Q3 Earnings Beat Estimates on Strong Premium Growth
• Positive Sentiment: The company declared a quarterly dividend of $0.50 per share, signaling continued shareholder returns. AIG Reports Strong Third-Quarter Results and Shareholder Returns
• Negative Sentiment: General Insurance underwriting income fell 29%, with elevated catastrophe losses from storms eroding underwriting performance. Third-quarter EPS also declined from $2.20 a year earlier, despite beating estimates. AIG’s General Insurance Q3 Underwriting Income Down 29%

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wells Fargo & Company decreased their price objective on shares of American International Group from $85.00 to $83.00 and set an “equal weight” rating for the company in a research note on Monday, October 12th. Mizuho dropped their target price on American International Group from $85.00 to $83.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. Barclays upped their target price on shares of American International Group from $80.00 to $81.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. JPMorgan Chase & Co. upped their target price on American International Group from $86.00 to $90.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. Finally, Royal Bank Of Canada lifted their target price on shares of American International Group from $85.00 to $87.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Eight equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $87.68.

Insider Activity at American International Group

In related news, insider Peter Zaffino sold 36,829 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $76.14, for a total transaction of $2,804,160.06. Following the sale, the insider directly owned 556,004 shares of the company’s stock, valued at $42,334,144.56. This trade represents a 6.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

American International Group Company Profile

American International Group, Inc (NYSE:AIG) is a global insurance organization that provides property and casualty insurance products and related services to businesses, institutions, and individuals. Its offerings include commercial insurance, personal insurance, specialty coverage, accident and health products, and travel-related protection.

AIG serves customers through operations in the United States and international markets. Its commercial insurance business supports companies across industries with coverage such as property, casualty, liability, marine, and other specialty risks, while its personal insurance operations provide protection for individuals and families.

The company was founded in Shanghai in 1919 by Cornelius Vander Starr and is headquartered in New York City.