American International Group (NYSE:AIG) Posts Earnings Results

American International Group (NYSE:AIG) issued its quarterly earnings data on Tuesday. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Trading Up 1.1 %

AIG stock traded up $0.85 during midday trading on Tuesday, reaching $75.94. The stock had a trading volume of 4,672,695 shares, compared to its average volume of 3,868,124. The business has a fifty day simple moving average of $73.43 and a two-hundred day simple moving average of $74.47. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. The firm has a market cap of $47.37 billion, a price-to-earnings ratio of -22.40, a PEG ratio of 5.87 and a beta of 1.05. American International Group has a twelve month low of $68.04 and a twelve month high of $80.83.

Analyst Ratings Changes

A number of brokerages have issued reports on AIG. UBS Group lifted their price objective on American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. cut their price objective on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. BMO Capital Markets cut American International Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $90.00 to $84.00 in a report on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and set a $87.00 price objective on shares of American International Group in a report on Wednesday, November 6th. Finally, StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.