Market Update (NYSE:AIG): AIG To Report Third Quarter 2015 Results on November 2, 2015
October 13, 2015 by Alan Finwick
[Business Wire] – American International Group, Inc. will report financial results for the third quarter ended September 30, 2015, after the market closes on Monday, November 2, 2015. AIG’s press release and financial supplement will be available in the Investors section of AIG’s website at http://www.aig.com.
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American International Group, Inc. (AIG), currently valued at $75.36B, opened at $57.64.
A quick look at the market, the company’s stock traded between $57.31 and $58.25 with the price of the stock fluctuating between $48.56 to $64.93 over the last 52 weeks.
AIG shares are currently priced at 11.68x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.95x earnings multiple.
And for passive income investors, the company pays shareholders $1.12 per share annually in dividends, yielding 1.92%.
According to a consensus of 23 analysts, the earnings estimate of $1.12 per share would be $0.09 worse than the year-ago quarter and a $0.07 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $4.95 would be a $0.37 improvement when compared to the previous year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $14.29 Billion. If reported, that would be a 65.59% increase over the year-ago quarter.
Recently, Deutsche Bank downgraded AIG from Buy to Hold (Jun 16, 2015). Previously, Piper Jaffray Initiated AIG at to Overweight.
The average price target for AIG shares by the analysts covering it is $67.79, which is 17.61% above where the stock opened.
Summary (NYSE:AIG): American International Group, Inc. provides insurance products and services for commercial, institutional, and individual customers in the United States, the Asia Pacific, and internationally. The companys Commercial Insurance segment offers general liability, commercial automobile liability, workers’ compensation, excess casualty, and crisis management causality insurance products; commercial, industrial, and energy-related property insurance products; aerospace, environmental, political risk, trade credit, surety, and marine insurance products, as well as various insurance products for small and medium sized enterprises; and professional liability insurance products for a range of businesses and risks. It also provides mortgage guaranty insurance; stable value wrap products, and structured settlement and terminal funding annuities; and corporate- and bank-owned life insurance and guaranteed investment contracts. This segment sells its products through independent retail and wholesale brokers, agency network, specialized marketing and consulting firms, and structured settlement brokers. Its Consumer Insurance segment offers retirement products, such as fixed annuities, and immediate and deferred income annuities; variable and fixed index annuities; investment-focused variable annuities; group retirement products; and retail mutual funds and advisory services. This segments products also include term and whole life, supplemental health, cancer, critical illness, and personal accidental insurance products; travel insurance products and services; automobile and homeowners, and extended warranty insurance; and identity theft and credit card protection insurance products. It sells its products through banks, broker-dealers, independent marking organizations, financial advisors, affinity partners, independent insurance agents, career agents, brokers, and direct marketing and partner organizations. It was founded in 1919 and is based in New York, New York.