NYSE:AIGAmerican International Group Stock Price, Forecast & News

$30.06

-1.06 (-3.41 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$29.97

Now: $30.06▼

$31.04

50-Day Range

$22.25

MA: $25.99▼

$31.51

52-Week Range

$16.07

Now: $30.06▼

$58.66

Volume8.76 million shs

Average Volume6.89 million shs

Market Capitalization$25.89 billion

P/E Ratio6.05

Dividend Yield4.06%

Beta1.38

American International Group, Inc. provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance. It also provides professional liability insurance products for a range of businesses and risks, including directors and officer's liability, mergers and acquisitions, fidelity, employment practices, fiduciary liability, cyber risk, kidnap and ransom, and errors and omissions insurance. In addition, this segment offers personal auto and property insurance, voluntary and sponsor-paid personal accident, and supplemental health products; extended warranty insurance products; and travel insurance products. Its Life and Retirement segment offers variable annuities, fixed index and fixed annuities, and retail mutual funds; group mutual funds, fixed annuities, and variable annuities, as well as individual annuity and investment products, and financial planning and advisory services; and term life and universal life insurance. This segment also provides stable value wrap products, and structured settlement and pension risk transfer annuities; and corporate- and bank-owned life insurance and guaranteed investment contracts. This segment sells its products through independent marketing organizations, independent insurance agents, financial advisors, direct marketing, banks, wirehouses, and broker-dealers. The company's Legacy Portfolio segment offers legacy insurance products. American International Group, Inc. was founded in 1919 and is headquartered in New York, New York.

Beat the Market (BTM) Rank^™

4.3 Analyst's Opinion

Consensus Rating
American International Group has received a consensus rating of Buy. The company's average rating score is 2.57, and is based on 8 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $42.75, American International Group has a potential upside of 42.2% from its current price of $30.06.
Amount of Analyst Coverage
American International Group has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.6 Community Rank

Outperform Votes
American International Group has received 814 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
American International Group has received 770 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
American International Group has received 51.39% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about American International Group and other stocks. Vote “Outperform” if you believe AIG will outperform the S&P 500 over the long term. Vote “Underperform” if you believe AIG will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
American International Group is a leading dividend payer. It pays a dividend yield of 4.06%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
American International Group does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of American International Group is 27.89 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, American International Group will have a dividend payout ratio of 28.13 % next year. This indicates that American International Group will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, American International Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.16% of the stock of American International Group is held by insiders.
Percentage Held by Institutions
90.18% of the stock of American International Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8 Earnings and Valuation

Earnings Growth
Earnings for American International Group are expected to grow by 56.90% in the coming year, from $2.90 to $4.55 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of American International Group is 6.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.35.
Price to Earnings Ratio vs. Sector
The P/E ratio of American International Group is 6.05, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.16.
Price to Book Value per Share Ratio
American International Group has a P/B Ratio of 0.42. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.99 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Fire, marine, & casualty insurance

Sub-IndustryMulti-line Insurance

SectorFinance

Current SymbolNYSE:AIG

Previous Symbol

CUSIP02687478

CIK5272

Webwww.aig.com

Phone212-770-7000

Debt

Debt-to-Equity Ratio0.58

Current Ratio0.27

Quick Ratio0.27

Price-To-Earnings

Trailing P/E Ratio6.05

Forward P/E Ratio10.37

P/E GrowthN/A

Sales & Book Value

Annual Sales$49.75 billion

Price / Sales0.52

Cash Flow$9.95 per share

Price / Cash Flow3.02

Book Value$71.24 per share

Price / Book0.42

Profitability

EPS (Most Recent Fiscal Year)$4.59

Net Income$3.35 billion

Net Margins8.59%

Return on Equity4.31%

Return on Assets0.54%

Miscellaneous

Employees46,000

Outstanding Shares861,290,000

Market Cap$25.89 billion

Next Earnings Date8/5/2020 (Estimated)

OptionableOptionable

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American International Group (NYSE:AIG) Frequently Asked Questions

How has American International Group's stock been impacted by COVID-19 (Coronavirus)?

American International Group's stock was trading at $32.43 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, AIG shares have decreased by 7.3% and is now trading at $30.06. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of American International Group?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for American International Group in the last year. There are currently 6 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for American International Group.

When is American International Group's next earnings date?

American International Group is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for American International Group.

How were American International Group's earnings last quarter?

American International Group Inc (NYSE:AIG) released its quarterly earnings results on Monday, May, 4th. The insurance provider reported $0.11 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.83 by $0.72. The insurance provider had revenue of $10.92 billion for the quarter, compared to analysts' expectations of $11.58 billion. American International Group had a return on equity of 4.31% and a net margin of 8.59%. During the same period last year, the business earned $1.58 EPS. View American International Group's earnings history.

How often does American International Group pay dividends? What is the dividend yield for American International Group?

American International Group declared a quarterly dividend on Monday, May 4th. Investors of record on Monday, June 15th will be given a dividend of $0.32 per share on Monday, June 29th. This represents a $1.28 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend is Friday, June 12th. View American International Group's dividend history.

How will American International Group's stock buyback program work?

American International Group declared that its Board of Directors has authorized a share buyback plan on Wednesday, February 13th 2019, which authorizes the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

What price target have analysts set for AIG?

14 equities research analysts have issued 1-year price objectives for American International Group's stock. Their forecasts range from $29.00 to $67.00. On average, they anticipate American International Group's stock price to reach $42.75 in the next twelve months. This suggests a possible upside of 42.2% from the stock's current price. View analysts' price targets for American International Group.

What are Wall Street analysts saying about American International Group stock?

Here are some recent quotes from research analysts about American International Group stock:

1. Wells Fargo & Co analysts commented, "We show that the majority of the six companies we tracked have outperformed with expense programs underway. PRU is one of the underperformers in our analysis, however it is really too early into their program for it to have an impact on the bottom line. The LNC savings program came when the stock was more impacted by the movement in the 10-year treasury rate." (9/19/2019)
2. Evercore ISI analysts commented, "We note, however, that the level of rate probably implies that 2017 and 2018 accident years may develop adversely, in our view, given such an extreme move in pricing. On the expense ratio in GI, AIG believes it can pull some levers to lower the acquisition ratio through various means such as optimizing the reinsurance structure with one example being the use of quota share where the ceding commission is netted against your acquisition ratio or by finding ways to lower premium taxes. Additionally, this and other optimization efforts will help AIG achieve an expected 5 pts of improvement in the expense ratio relative to when initiatives were started following Duperreault taking over and has currently already achieved 1.5 pts of that, implying that an additional 3.5 pts is on the come over the next several years or so." (8/11/2019)
3. According to Zacks Investment Research, "American International earnings of $1.43 per share beat the Zacks Consensus Estimate by 22% and were up 36% year over year. The recent results reflect gains in the company’s General Insurance and Life and Retirement segments. American International Group’s shares have outperformed the industry year to date. Its numerous divestitures undertaken over the years have streamlined it to a great extent, thus creating business synergy. Its acquisitions will further help it to expand in profitable markets. Its cost control efforts are also impressive. The use of funds for share buybacks has also been accretive to its bottom line. The company's use of reinsurance plan has reduced its capital risk thus allowing it to focus on its business. However, its exposure to catastrophes and high leverage is a concern." (8/8/2019)

Has American International Group been receiving favorable news coverage?

News headlines about AIG stock have been trending very negative this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. American International Group earned a media sentiment score of -3.5 on InfoTrie's scale. They also assigned headlines about the insurance provider a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutAmerican International Group.

Are investors shorting American International Group?

American International Group saw a increase in short interest in May. As of May 15th, there was short interest totaling 14,740,000 shares, an increase of 10.1% from the April 30th total of 13,390,000 shares. Based on an average daily trading volume, of 9,650,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.7% of the shares of the company are short sold. View American International Group's Current Options Chain.

Who are some of American International Group's key competitors?

Some companies that are related to American International Group include Hartford Financial Services Group (HIG), Loews (L), Assurant (AIZ), American Financial Group (AFG), Kemper (KMPR), American National Insurance (ANAT), Horace Mann Educators (HMN) and Genworth Financial (GNW). View all competitors.

What other stocks do shareholders of American International Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other American International Group investors own include Bank of America (BAC), JPMorgan Chase & Co. (JPM), Citigroup (C), Cisco Systems (CSCO), Intel (INTC), General Electric (GE), Netflix (NFLX), Starbucks (SBUX), Walt Disney (DIS) and Wells Fargo & Co (WFC).

Who are American International Group's key executives?

American International Group's management team includes the following people:

Mr. Brian Charles Duperreault, Pres, CEO & Director (Age 72)
Mr. Peter Salvatore Zaffino, Exec. VP, CEO of Gen. Insurance & Global COO (Age 52)
Mr. Douglas Adam Dachille, Exec. VP & Chief Investment Officer (Age 55)
Mr. Kevin Timothy Hogan, Exec. VP and CEO of Life & Retirement (Age 57)
Mr. Mark Donald Lyons, Exec. VP, CFO & Chief Actuary for Gen. Insurance (Age 62)

What is American International Group's stock symbol?

American International Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIG."

Who are American International Group's major shareholders?

American International Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include State Street Corp (4.37%), Invesco Ltd. (2.78%), Wellington Management Group LLP (2.63%), Pzena Investment Management LLC (1.82%), Diamond Hill Capital Management Inc. (1.65%) and Bank of New York Mellon Corp (1.56%). Company insiders that own American International Group stock include Seraina Macia and Therese M Vaughan. View institutional ownership trends for American International Group.

Which institutional investors are selling American International Group stock?

AIG stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Franklin Resources Inc., Zweig DiMenna Associates LLC, Nuveen Asset Management LLC, State Street Corp, Parametric Portfolio Associates LLC, TCW Group Inc., and Gateway Investment Advisers LLC. View insider buying and selling activity for American International Group.

Which institutional investors are buying American International Group stock?

AIG stock was purchased by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., Pzena Investment Management LLC, Invesco Ltd., Ceredex Value Advisors LLC, Janus Henderson Group PLC, Swiss National Bank, Lord Abbett & CO. LLC, and APG Asset Management N.V.. View insider buying and selling activity for American International Group.

How do I buy shares of American International Group?

Shares of AIG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is American International Group's stock price today?

One share of AIG stock can currently be purchased for approximately $30.06.

How big of a company is American International Group?

American International Group has a market capitalization of $25.89 billion and generates $49.75 billion in revenue each year. The insurance provider earns $3.35 billion in net income (profit) each year or $4.59 on an earnings per share basis. American International Group employs 46,000 workers across the globe.

What is American International Group's official website?

The official website for American International Group is www.aig.com.

How can I contact American International Group?

American International Group's mailing address is 175 WATER STREET, NEW YORK NY, 10038. The insurance provider can be reached via phone at 212-770-7000 or via email at [email protected]

This page was last updated on 5/30/2020 by MarketBeat.com Staff