American International Group (NYSE:AIG) Issues Earnings Results

American International Group (NYSE:AIG) posted its earnings results on Tuesday. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.03), Zacks reports. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%.

American International Group Stock Performance

American International Group stock opened at $76.89 on Thursday. The firm has a fifty day simple moving average of $73.46 and a two-hundred day simple moving average of $74.48. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group has a twelve month low of $68.04 and a twelve month high of $80.83. The company has a market capitalization of $47.96 billion, a PE ratio of -22.68, a P/E/G ratio of 5.87 and a beta of 1.05.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio is currently -47.20%.

Analysts Set New Price Targets

Several research firms have issued reports on AIG. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Keefe, Bruyette & Woods reduced their target price on American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. The Goldman Sachs Group reissued a “neutral” rating and issued a $79.00 price target (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. decreased their target price on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, American International Group presently has an average rating of “Hold” and a consensus target price of $84.13.

About American International Group

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.