American International Group (AIG) to Release Earnings on Wednesday

American International Group (NYSE:AIG) is scheduled to post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect American International Group to post earnings of $1.71 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.20. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The firm had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the previous year, the firm posted $1.36 earnings per share. The business’s revenue was up .0% on a year-over-year basis. On average, analysts expect American International Group to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

American International Group Price Performance

NYSE AIG opened at $74.93 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.44. American International Group has a 12-month low of $48.95 and a 12-month high of $78.95. The company has a market capitalization of $51.02 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 1.07 and a beta of 1.03. The firm’s 50 day moving average is $74.41 and its 200-day moving average is $68.76.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $0.36 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.92%. American International Group’s dividend payout ratio (DPR) is presently 28.86%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AIG shares. TD Cowen started coverage on shares of American International Group in a report on Wednesday, January 10th. They set a “market perform” rating and a $78.00 target price on the stock. Citigroup boosted their target price on shares of American International Group from $79.00 to $87.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. HSBC assumed coverage on shares of American International Group in a research report on Thursday, December 28th. They set a “buy” rating and a $86.00 price objective for the company. Piper Sandler lifted their price objective on shares of American International Group from $87.00 to $89.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of American International Group from $73.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, American International Group currently has an average rating of “Moderate Buy” and a consensus target price of $80.38.

Insiders Place Their Bets

In other news, Director John C. Inglis acquired 659 shares of the stock in a transaction dated Thursday, March 14th. The stock was bought at an average price of $75.39 per share, with a total value of $49,682.01. Following the completion of the purchase, the director now directly owns 659 shares of the company’s stock, valued at approximately $49,682.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other American International Group news, CEO Peter Zaffino sold 333,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the completion of the sale, the chief executive officer now owns 505,420 shares of the company’s stock, valued at approximately $38,346,215.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John C. Inglis bought 659 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average cost of $75.39 per share, with a total value of $49,682.01. Following the transaction, the director now directly owns 659 shares in the company, valued at approximately $49,682.01. The disclosure for this purchase can be found here. 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.