Stock analysts predict that American International Group, Inc. (NYSE:AIG – Get Rating) will report earnings of $1.30 per share for the current fiscal quarter, reports Zacks Investment Research. Two analysts provided earnings estimates for American International Group, with the highest EPS estimate of $1.40 and the lowest estimate of $1.22. American International Group posted earnings per share of $1.05 in the same quarter last year, indicating a positive year-over-year growth rate of 23.8%. The company is expected to announce its next results on Monday, January 1.

According to Zacks, analysts expect American International Group to report full year earnings of $5.35 per share for the current fiscal year, with EPS estimates ranging from $5.15 to $5.65. . For the next fiscal year, analysts expect the company to post earnings of $6.23 per share, with EPS estimates ranging from $6.10 to $6.35. Zacks Investment Research’s EPS averages are an average average based on a survey of sell-side analysts who provide coverage for American International Group.

American International Group (NYSE:AIG – Get Rating) last released its results on Wednesday, February 16. The insurance provider reported EPS of $1.58 for the quarter, beating the consensus estimate of $1.14 by $0.44. American International Group achieved a net margin of 18.03% and a return on equity of 6.74%. The company posted revenue of $13.69 billion for the quarter, versus a consensus estimate of $11.51 billion. In the same quarter of the previous year, the company made earnings per share of $0.94.

Several brokerages have weighed in on AIG recently. Wolfe Research downgraded shares of American International Group from an “outperform” rating to a “market performer” rating and set a price target of $65.00 for the stock. in a research report on Thursday, February 10. Wells Fargo & Company cut its price target on American International Group stock from $59.00 to $58.00 and set an “equal weight” rating on the stock in a Tuesday 4 January. StockNews.com moved shares of American International Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 5. Finally, Barclays raised its price target on American International Group shares from $59.00 to $61.00 in a Tuesday, February 22 research report. Nine equity research analysts gave the stock a hold rating, two gave the stock a buy rating and one gave the stock a strong buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $60.36.

Several hedge funds and other institutional investors have recently bought and sold shares of AIG. Morgan Stanley increased its holdings of American International Group shares by 2.3% in the second quarter. Morgan Stanley now owns 3,714,724 shares of the insurance provider worth $176,821,000 after buying an additional 83,432 shares in the last quarter. IFP Advisors Inc increased its stake in American International Group shares by 20.2% in the third quarter. IFP Advisors Inc now owns 1,527 shares of the insurance provider worth $85,000 after buying 257 additional shares in the last quarter. Koshinski Asset Management Inc. bought a new position in American International Group stock in the third quarter worth about $216,000. Private Advisor Group LLC increased its stake in American International Group to 81.6% in the third quarter. Private Advisor Group LLC now owns 31,179 shares of the insurance provider worth $1,712,000 after acquiring an additional 14,014 shares during the period. Finally, Ritholtz Wealth Management bought a new stake in American International Group in the third quarter worth about $276,000. Hedge funds and other institutional investors hold 90.30% of the company’s shares.

AIG traded as high as $1.32 during Friday trading hours, hitting $64.48. The company’s stock had a trading volume of 3,712,171 shares, compared to an average volume of 5,533,096. The company’s 50-day moving average price is $59.89 and its 200-day moving average price is $57.99. American International Group has a 12-month low of $44.54 and a 12-month high of $64.53. The stock has a market capitalization of $53.54 billion, a price/earnings ratio of 5.96, a P/E/G ratio of 1.21 and a beta of 1.28. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt ratio of 0.44.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 31. Shareholders of record on Thursday, March 17 will receive a dividend of $0.32. This represents a dividend of $1.28 on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Wednesday, March 16. American International Group’s payout ratio is currently 11.83%.

About the American International Group (Get a rating)

American International Group, Inc provides a range of property and casualty insurance, life insurance, retirement products and other financial services to business and individual customers. It operates through the following segments: general insurance, life and pension and other operations.

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