Q1 2023 EPS Estimates for American International Group, Inc. Reduced by Analyst (NYSE:AIG)

Posted by Defense World Staff on Apr 13th, 2023

American International Group, Inc. (NYSE:AIG – Get Rating) – Analysts at Jefferies Financial Group decreased their Q1 2023 EPS estimates for American International Group in a research note issued on Monday, April 10th. Jefferies Financial Group analyst Y. Kinar now anticipates that the insurance provider will post earnings per share of $1.28 for the quarter, down from their prior forecast of $1.36. Jefferies Financial Group has a “Buy” rating and a $67.00 price objective on the stock. The consensus estimate for American International Group’s current full-year earnings is $6.22 per share. Jefferies Financial Group also issued estimates for American International Group’s Q4 2023 earnings at $1.79 EPS.

American International Group (NYSE:AIG – Get Rating) last announced its earnings results on Thursday, February 16th. The insurance provider reported $1.36 EPS for the quarter, topping the consensus estimate of $1.19 by $0.17. American International Group had a return on equity of 7.70% and a net margin of 18.21%. The firm had revenue of $11.59 billion for the quarter, compared to analysts’ expectations of $11.84 billion. During the same quarter in the previous year, the company earned $1.58 earnings per share.

AIG has been the topic of several other research reports. Citigroup initiated coverage on shares of American International Group in a research report on Wednesday, December 14th. They issued a “buy” rating and a $72.00 price target on the stock. Royal Bank of Canada lifted their price target on shares of American International Group from $68.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 14th. Wells Fargo & Company decreased their price target on shares of American International Group from $61.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 5th. BMO Capital Markets began coverage on shares of American International Group in a research report on Thursday, January 19th. They set a “market perform” rating and a $64.00 price objective on the stock. Finally, Barclays lowered their price objective on shares of American International Group from $66.00 to $55.00 in a research report on Wednesday. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $64.85.

American International Group Price Performance

Shares of NYSE:AIG opened at $51.32 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market cap of $37.65 billion, a price-to-earnings ratio of 4.02, a PEG ratio of 0.82 and a beta of 1.11. American International Group has a 12 month low of $45.66 and a 12 month high of $65.73. The stock’s 50 day moving average price is $55.19 and its 200 day moving average price is $57.67.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Accurate Wealth Management LLC bought a new position in shares of American International Group during the 4th quarter worth about $25,000. Arcus Capital Partners LLC bought a new position in shares of American International Group during the 4th quarter worth about $25,000. Vigilant Capital Management LLC increased its holdings in shares of American International Group by 262.3% during the 3rd quarter. Vigilant Capital Management LLC now owns 576 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 417 shares during the period. U.S. Capital Wealth Advisors LLC bought a new position in shares of American International Group during the 4th quarter worth about $28,000. Finally, International Assets Investment Management LLC bought a new position in shares of American International Group during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 89.01% of the company’s stock.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Friday, March 17th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date was Thursday, March 16th. American International Group’s dividend payout ratio is 10.02%.

American International Group Company Profile

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American International Group, Inc engages in the provision of a range of property casualty insurance, life insurance, retirement products, and other financial services to commercial and individual customers. It operates through the following segments: General Insurance, Life and Retirement and Other Operations.