American International Group (NYSE:AIG) Announces Earnings Results

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

American International Group Stock Performance

AIG stock traded up $0.85 during midday trading on Tuesday, hitting $75.94. 4,672,695 shares of the company traded hands, compared to its average volume of 3,868,124. American International Group has a twelve month low of $68.04 and a twelve month high of $80.83. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. The business has a 50 day simple moving average of $73.43 and a 200-day simple moving average of $74.47. The stock has a market capitalization of $47.37 billion, a price-to-earnings ratio of -22.40, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05.

Analyst Upgrades and Downgrades

A number of analysts have commented on AIG shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $79.00 price objective (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods reduced their price objective on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. BMO Capital Markets lowered shares of American International Group from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $90.00 to $84.00 in a research report on Tuesday, October 15th. UBS Group increased their price target on shares of American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $84.13.

American International Group Company Profile

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.