Trade Report: The American International Group Inc. (AIG) to Release Quarterly Earnings on Wednesday

The American International Group Inc. (AIG) to Release Quarterly Earnings on Wednesday

American International Group Inc. (NYSE:AIG) will post its Q316 quarterly earnings results on Wednesday, November 2nd. Analysts expect American International Group to post earnings of $1.18 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 posted its earnings results on Tuesday, August 2nd. The insurance provider reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.05. American International Group had a negative net margin of 0.64% and a positive return on equity of 1.33%. During the same period in the prior year, the business earned $1.39 earnings per share. On average, analysts expect American International Group to post $4.06 EPS for the current fiscal year and $5.49 EPS for the next fiscal year.

Shares of American International Group Inc. (NYSE:AIG) opened at 61.28 on Monday. The company’s market capitalization is $65.61 billion. American International Group Inc. has a 52-week low of $48.41 and a 52-week high of $64.31. The firm has a 50-day moving average of $59.45 and a 200 day moving average of $56.86.

AIG has been the topic of a number of analyst reports. Vetr upgraded shares of American International Group from a “buy” rating to a “strong-buy” rating and set a $59.43 price target on the stock in a research report on Monday, July 4th. Zacks Investment Research downgraded shares of American International Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 5th. Evercore ISI initiated coverage on shares of American International Group in a research report on Wednesday, July 6th. They issued a “buy” rating and a $62.00 price target on the stock. Citigroup Inc. cut their price target on shares of American International Group from $69.00 to $66.00 and set a “buy” rating on the stock in a research report on Thursday, July 7th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $58.00 price target (down from $60.00) on shares of American International Group in a research report on Tuesday, July 12th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $64.83.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. APG Asset Management N.V. increased its position in American International Group by 5.5% in the second quarter. APG Asset Management N.V. now owns 7,854,785 shares of the insurance provider’s stock worth $415,440,000 after buying an additional 410,931 shares during the period. FMR LLC increased its position in American International Group by 14.7% in the second quarter. FMR LLC now owns 7,358,728 shares of the insurance provider’s stock worth $389,203,000 after buying an additional 943,287 shares during the period. TIAA CREF Investment Management LLC increased its position in American International Group by 5.4% in the second quarter. TIAA CREF Investment Management LLC now owns 6,410,831 shares of the insurance provider’s stock worth $339,069,000 after buying an additional 327,611 shares during the period. Teachers Advisors Inc. increased its position in American International Group by 6.9% in the second quarter. Teachers Advisors Inc. now owns 2,984,086 shares of the insurance provider’s stock worth $157,828,000 after buying an additional 192,218 shares during the period. Finally, Donald Smith & CO. Inc. increased its position in American International Group by 7.9% in the second quarter. Donald Smith & CO. Inc. now owns 1,855,134 shares of the insurance provider’s stock worth $98,118,000 after buying an additional 135,193 shares during the period. 84.66% of the stock is owned by institutional investors and hedge funds.

About American International Group

Related posts

Leave a Comment