Analysts Issue Forecasts for AIG FY2028 Earnings

Key Points

• FY2028 earnings forecast: DOWLING & PARTN analyst N. Iacoviello expects AIG to earn $9.75 per share, above the company’s current full-year consensus estimate of $8.02.
• Latest results exceeded EPS expectations: AIG reported quarterly earnings of $2.00 per share, beating estimates of $1.92, while revenue of $7.08 billion fell short of the $7.25 billion forecast.
• Analyst sentiment remains cautious: AIG has a consensus “Hold” rating and an average price target of $88.28. The company also announced a quarterly dividend of $0.50 per share, representing a 2.6% yield.

American International Group, Inc. (NYSE:AIG - Free Report) - DOWLING & PARTN issued their FY2028 earnings estimates for shares of American International Group in a report issued on Friday, August 14th. DOWLING & PARTN analyst N. Iacoviello forecasts that the insurance provider will earn $9.75 per share for the year. The consensus estimate for American International Group's current full-year earnings is $8.02 per share.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The insurance provider reported $2.00 earnings per share for the quarter, beating analysts' consensus estimates of $1.92 by $0.08. The company had revenue of $7.08 billion for the quarter, compared to analysts' expectations of $7.25 billion. American International Group had a return on equity of 11.05% and a net margin of 11.13%.During the same period last year, the firm earned $1.81 earnings per share.

Several other equities research analysts have also recently weighed in on AIG. Keefe, Bruyette & Woods boosted their target price on American International Group from $95.00 to $96.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 11th. Citigroup upped their target price on shares of American International Group from $85.00 to $88.00 and gave the company a "neutral" rating in a report on Monday, May 4th. The Goldman Sachs Group lifted their price target on shares of American International Group from $85.00 to $88.00 and gave the stock a "buy" rating in a research note on Wednesday, July 1st. Wells Fargo & Company cut their target price on American International Group from $89.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. raised their price target on American International Group from $86.00 to $90.00 and gave the stock a "neutral" rating in a research note on Monday, July 20th. Seven equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $88.28.

American International Group Trading Up 0.5%

NYSE:AIG opened at $76.17 on Wednesday. American International Group has a 1 year low of $71.25 and a 1 year high of $87.29. The stock has a market cap of $39.83 billion, a P/E ratio of 13.92, a P/E/G ratio of 0.70 and a beta of 0.52. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a 50-day simple moving average of $77.66 and a 200-day simple moving average of $76.95.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Wednesday, September 16th. American International Group's dividend payout ratio (DPR) is 36.56%.

Insider Buying and Selling at American International Group

In other news, insider Peter Zaffino sold 36,829 shares of the business's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $76.14, for a total transaction of $2,804,160.06. Following the transaction, the insider directly owned 556,004 shares in the company, valued at $42,334,144.56. The trade was a 6.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by insiders.

Institutional Trading of American International Group

Several hedge funds have recently modified their holdings of AIG. Mirae Asset Global Investments Co. Ltd. increased its position in American International Group by 20.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 88,932 shares of the insurance provider's stock worth $7,608,000 after buying an additional 15,116 shares in the last quarter. Norges Bank acquired a new stake in shares of American International Group during the fourth quarter valued at $636,782,000. Danske Bank A S boosted its stake in shares of American International Group by 7.7% during the fourth quarter. Danske Bank A S now owns 351,972 shares of the insurance provider's stock valued at $30,111,000 after acquiring an additional 25,200 shares during the last quarter. Lee Danner & Bass Inc. increased its position in American International Group by 194.2% during the 1st quarter. Lee Danner & Bass Inc. now owns 33,781 shares of the insurance provider's stock worth $2,542,000 after purchasing an additional 22,300 shares in the last quarter. Finally, Swiss National Bank raised its stake in American International Group by 4.3% in the 1st quarter. Swiss National Bank now owns 1,583,564 shares of the insurance provider's stock valued at $119,163,000 after purchasing an additional 65,400 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.

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