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

American International Group (NYSE:AIG) will announce its earnings results before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of $0.99 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $1.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.26. The company had revenue of $12.16 billion for the quarter, compared to analysts’ expectations of $12.07 billion. American International Group had a positive return on equity of 2.97% and a negative net margin of 0.24%. During the same period in the previous year, the business posted $1.05 earnings per share. On average, analysts expect American International Group to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

NYSE:AIG opened at $52.90 on Friday. The stock has a market cap of $46.24 billion, a P/E ratio of 45.21, a price-to-earnings-growth ratio of 1.05 and a beta of 1.19. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.55. The stock’s 50-day moving average is $55.21 and its 200-day moving average is $52.96. American International Group has a 1-year low of $36.16 and a 1-year high of $58.66.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 17th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Monday, September 16th. American International Group’s dividend payout ratio is currently 109.40%.

In other American International Group news, CEO Seraina Macia sold 7,550 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $56.00, for a total value of $422,800.00. Following the transaction, the chief executive officer now directly owns 11,055 shares of the company’s stock, valued at $619,080. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is owned by insiders.

A number of equities analysts recently commented on the company. Evercore ISI assumed coverage on American International Group in a research note on Thursday, October 17th. They issued an “in-line” rating and a $54.00 price objective on the stock. Keefe, Bruyette & Woods lifted their price objective on American International Group from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Sunday, July 7th. ValuEngine lowered American International Group from a “hold” rating to a “sell” rating in a research note on Monday. Barclays lifted their price objective on American International Group from $65.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Co reaffirmed a “buy” rating and issued a $64.00 price objective on shares of American International Group in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. American International Group has a consensus rating of “Hold” and an average price target of $57.80.

About American International Group

American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.

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Earnings History for American International Group (NYSE:AIG)

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