American International Group (NYSE:AIG) Posts Earnings Results

American International Group (NYSE:AIG) announced its quarterly earnings results on Thursday. The insurance provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.03, Bloomberg Earnings reports. American International Group had a return on equity of 4.17% and a net margin of 3.56%. During the same period in the previous year, the company earned ($0.63) earnings per share.

AIG stock opened at $50.93 on Friday. American International Group has a 1-year low of $40.00 and a 1-year high of $58.66. The firm has a market cap of $47.10 billion, a P/E ratio of 25.34, a P/E/G ratio of 1.07 and a beta of 1.12. The business’s 50 day moving average is $51.82 and its 200-day moving average is $53.44. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.53.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.51%. American International Group’s dividend payout ratio is currently 109.40%.

A number of analysts have weighed in on the company. Citigroup assumed coverage on American International Group in a research report on Tuesday, January 21st. They issued a “neutral” rating and a $55.00 price target for the company. ValuEngine cut American International Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 3rd. UBS Group reduced their price target on American International Group from $64.00 to $61.00 and set a “buy” rating for the company in a research report on Friday. Evercore ISI initiated 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. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of American International Group in a research note on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. American International Group has an average rating of “Buy” and a consensus price target of $59.70.

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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