$1.08 Earnings Per Share Expected for American International Group Inc (AIG) This Quarter
Brokerages expect American International Group Inc (NYSE:AIG) to post earnings per share of $1.08 for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for American International Group’s earnings. The highest EPS estimate is $1.23 and the lowest is $0.83. American International Group posted earnings per share of $1.04 during the same quarter last year, which indicates a positive year-over-year growth rate of 3.8%. The company is scheduled to report its next earnings report on Wednesday, May 1st.
On average, analysts expect that American International Group will report full-year earnings of $4.40 per share for the current financial year, with EPS estimates ranging from $4.20 to $4.63. For the next fiscal year, analysts anticipate that the business will report earnings of $5.03 per share, with EPS estimates ranging from $4.80 to $5.49. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for American International Group.
American International Group (NYSE:AIG) last announced its earnings results on Wednesday, February 13th. The insurance provider reported ($0.63) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($1.10). American International Group had a negative net margin of 0.01% and a positive return on equity of 1.76%. The firm had revenue of $12.33 billion for the quarter, compared to the consensus estimate of $12.13 billion. During the same period in the prior year, the business earned $0.57 EPS.
A number of institutional investors have recently made changes to their positions in the stock. Moody National Bank Trust Division purchased a new stake in shares of American International Group during the 4th quarter worth about $27,000. CNB Bank purchased a new stake in shares of American International Group during the 4th quarter worth about $28,000. Lindbrook Capital LLC purchased a new stake in shares of American International Group during the 4th quarter worth about $39,000. Proficio Capital Partners LLC raised its stake in shares of American International Group by 92.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,328 shares of the insurance provider’s stock worth $52,000 after purchasing an additional 639 shares in the last quarter. Finally, Stamos Capital Partners L.P. purchased a new stake in shares of American International Group during the 4th quarter worth about $75,000. 90.05% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:AIG traded up $0.29 during midday trading on Friday, reaching $44.04. The company had a trading volume of 7,435,866 shares, compared to its average volume of 5,955,370. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.60. American International Group has a 1-year low of $36.16 and a 1-year high of $56.79. The firm has a market capitalization of $38.29 billion, a price-to-earnings ratio of 37.64, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Thursday, March 14th. American International Group’s dividend payout ratio is currently 109.40%.
American International Group announced that its Board of Directors has initiated a stock repurchase program on Wednesday, February 13th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the insurance provider to purchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.
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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