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

American International Group (NYSE:AIG) is scheduled to be releasing its earnings data after the market closes on Monday, November 4th. Analysts expect American International Group to post earnings of $1.18 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

American International Group (NYSE:AIG) last posted its earnings results on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.14). American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The business had revenue of $1.00 million during the quarter, compared to the consensus estimate of $11.64 billion. During the same quarter last year, the firm earned $1.75 earnings per share. The business’s quarterly revenue was up .0% on a year-over-year basis. On average, analysts expect American International Group to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

American International Group Stock Down 0.2 %

Shares of NYSE:AIG opened at $75.72 on Friday. The company has a 50-day moving average price of $75.09 and a 200 day moving average price of $75.58. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.22. American International Group has a 12 month low of $62.52 and a 12 month high of $80.83. The company has a market cap of $48.76 billion, a price-to-earnings ratio of -58.70, a PEG ratio of 5.29 and a beta of 1.06.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AIG shares. TD Cowen reduced their price target on American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a report on Tuesday, August 13th. Barclays initiated coverage on American International Group in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $90.00 target price on the stock. UBS Group boosted their target price on shares of American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Citigroup reduced their price target on shares of American International Group from $89.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Finally, Bank of America boosted their price objective on shares of American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, American International Group has an average rating of “Hold” and an average target price of $84.38.

Insider Transactions at American International Group

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $28.86, for a total value of $144,300,000.00. Following the completion of the transaction, the insider now owns 279,238,898 shares of the company’s stock, valued at approximately $8,058,834,596.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.61% of the company’s stock.

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.