American International Group Company Profile (NYSE:AIG)

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

American International Group declared a quarterly dividend on Wednesday, August 2nd. Shareholders of record on Friday, September 15th will be given a dividend of $0.32 per share on Friday, September 29th. This represents a $1.28 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, September 14th. View American International Group's Dividend History.

American International Group announced that its board has initiated a stock buyback plan on Sunday, June 4th 2017, which allows the company to repurchase $2,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 4.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

American International Group, Inc. (NYSE:AIG) posted its quarterly earnings data on Wednesday, August, 2nd. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.20 by $0.33. The business earned $11.23 billion during the quarter, compared to the consensus estimate of $12.61 billion. American International Group had a negative net margin of 0.53% and a positive return on equity of 6.06%. During the same quarter in the prior year, the firm posted $0.98 EPS. View American International Group's Earnings History.

American International Group is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for American International Group.

14 equities research analysts have issued 12-month price targets for American International Group's shares. Their predictions range from $52.00 to $75.00. On average, they anticipate American International Group's share price to reach $67.76 in the next year. View Analyst Ratings for American International Group.

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

• 1. According to Zacks Investment Research, "AIG's shares have outperformed the industry in the last three months. The company has taken up several measures like strategic divestitures, asset sales, increasing share buybacks, dividend hikes, personnel changes, cost control, reinsurance deals, and lowering of hedge fund investments in order to deliver better earnings by curbing volatility. Though some of these efforts have paid off, many more reforms are required for a turnaround. Nevertheless, its weak commercial lines business remains a drag. Adverse reserve development and exposure to catastrophe are the other headwinds. The company recently appointed a new CEO, who the company is pinning hopes on for expediting turnaround activities. AIG is set to report second-quarter 2017 earnings on Aug 2. The Zacks Consensus Estimate for the same is pegged at $1.20 per share, which translates into year-over-year growth of 22.2%." (8/1/2017)
• 2. Morgan Stanley analysts commented, "Duperreault's incentive compensation includes 1m stock options which will only be vested if AIG shares trade at $10-30 above ~$61 levels," the firm added. "We think this aligns well with shareholders' interest." (5/16/2017)
• 3. Wells Fargo & Company analysts commented, "We continue to believe the next catalyst will be the identification of the company’s new CEO. Interesting to us, AIG is holding its annual general meeting on June 28 (compared to May 11 last year) which to us indicates the company looking to have the next CEO in place ahead of that time.  Q1 earnings info. AIG plans to report earnings after the close on Wednesday, May 3 and is to host its conference call on Thursday, May 4 at 9am ET. The dial- in number is 800-347-6311; access code: 8737099." (4/20/2017)
• 4. UBS AG analysts commented, "We hosted meetings with AIG's CFO on Monday. With respect to the CEO search, the company expects to look externally, seeking someone with global company experience and P&C Insurance experience. The CFO does not expect any change to the company's strategy in 2017, with the new CEO focusing on the 2018 and beyond strategy. The CFO sees a break-up of the company as also unlikely as it would negatively affect the valuation of the DTA and eliminate the diversification benefit on capital. Commercial P&C improvement coming from 2016 actions, growth and Property Actions taken in 2016 (reinsurance, exiting underperforming lines, and taking rate) will provide 2pts of the improvement towards AIG's year-end 2017 target of a 62% run rate underlying loss ratio. The remainder (~2.7pts) will come from improvement in Property and Special Risks and growth in more profitable lines. In Property, a new rater is resulting in rate increases in E&S property, which will be a meaningful contributor to adjusted loss ratio improvement in 2017. 93% of the 4Q16 reserve charge came from AIG's Improve and Remediate buckets, particularly in commercial auto and medical malpractice, which are now reserved at the high end of the indicated range. We remain cautious on the shares given uncertainties We remain skeptical of AIG's ability to hit its adjusted A/Y loss ratio targets in Commercial P&C. We also see risks to the company achieving its $25bb capital management target by year-end 2017 given uncertainty around the CEO and long-term strategy, and the potential for an A.M. Best downgrade. We see limited upside for the shares in the near-term given the CEO uncertainty and achievability of financial targets. Our current SOTP valuation for AIG's shares is $64, roughly in line with the current share price. Our PT is based on 1.1x our 12-month forward estimate of BVPS x/AOCI & the DTA." (3/14/2017)
• 5. BMO Capital Markets analysts commented, "AIG's year-end results delivered several surprises to the market; however we were less surprised by management coming off their 60% loss ratio goal than we were the magnitude of the reserve charge given there was a large strengthening in 4Q15. As for underwriting, we had been skeptical of that 60% goal from the beginning and consequently were not incorporating it in our 2018 forecasts, limiting our EPS adjustments." (2/17/2017)

Some companies that are related to American International Group include D/B/A Chubb Limited New (CB), Marsh & McLennan Companies (MMC), Hartford Financial Services Group, Inc. (The) (HIG), Brighthouse Financial (BHF), Assurant (AIZ), American National Insurance Company (ANAT), Kemper Corporation (KMPR), Beazley PLC (BEZ), National General Holdings Corp (NGHC), Crawford & Company (CRD.B), Novae Group Plc (NVA), Charles Taylor PLC (CTR), Patriot National (PN), Brighthouse Financial (BHF) and Brit Ltd (BRIT).

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

• Brian Duperreault, President, Chief Executive Officer, Director
• Siddhartha Sankaran, Chief Financial Officer, Executive Vice President
• Peter Zaffino, Chief Operating Officer, Executive Vice President - Global
• Douglas A. Dachille, Executive Vice President, Chief Investment Officer
• Martha J. Gallo, Executive Vice President, Chief Information Officer
• Alessandrea C. Quane, Executive Vice President, Chief Risk Officer
• Peter Y. Solmssen, Executive Vice President, General Counsel
• Donnalee Demaio, Executive Vice President, Chief Auditor
• Kevin T. Hogan, Executive Vice President—Consumer
• Jeffrey Joy Hurd, Executive Vice President

American International Group's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (6.48%), Capital Research Global Investors (6.37%), Franklin Resources Inc. (2.59%), Harris Associates L P (2.55%), Canada Pension Plan Investment Board (1.26%) and Northern Trust Corp (1.09%). Company insiders that own American International Group stock include Brian Duperreault, Kevin T Hogan and Philip Fasano. View Institutional Ownership Trends for American International Group.

American International Group's stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, AJO LP, FMR LLC, Vanguard Group Inc., The Manufacturers Life Insurance Company , Standard Life Investments LTD, Public Employees Retirement Association of Colorado and Harris Associates L P. Company insiders that have sold American International Group stock in the last year include Kevin T Hogan and Philip Fasano. View Insider Buying and Selling for American International Group.

American International Group's stock was bought by a variety of institutional investors in the last quarter, including Boston Partners, Arrowstreet Capital Limited Partnership, Prudential Financial Inc., Renaissance Technologies LLC, TIAA CREF Investment Management LLC, Balyasny Asset Management LLC, Canada Pension Plan Investment Board and Neuberger Berman Group LLC. View Insider Buying and Selling for American International Group.

Shares of American International Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of American International Group stock can currently be purchased for approximately $60.71.