American International Group, Inc. Announces Quarterly Dividend of $0.40 (NYSE:AIG)

American International Group, Inc. (NYSE:AIG) declared a quarterly dividend on Wednesday, February 12th,Wall Street Journal reports. Investors of record on Monday, March 17th will be given a dividend of 0.40 per share by the insurance provider on Monday, March 31st. This represents a $1.60 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Monday, March 17th.

American International Group has raised its dividend by an average of 6.8% per year over the last three years. American International Group has a dividend payout ratio of 20.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect American International Group to earn $6.45 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 24.8%.

American International Group Price Performance

AIG traded up $0.96 on Wednesday, reaching $76.89. 5,532,395 shares of the company’s stock were exchanged, compared to its average volume of 3,929,575. American International Group has a twelve month low of $68.04 and a twelve month high of $80.83. The stock has a market cap of $47.96 billion, a PE ratio of -22.68, a P/E/G ratio of 5.87 and a beta of 1.05. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The stock’s fifty day moving average price is $73.44 and its 200-day moving average price is $74.46.

American International Group (NYSE:AIG) last issued its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. Sell-side analysts expect that American International Group will post 4.89 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Keefe, Bruyette & Woods decreased their target price on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. UBS Group lifted their price objective on American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 target price (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company increased their price target on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, American International Group presently has a consensus 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.