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NYSE:AIG

American International Group Stock Forecast, Price & News

$27.99
-0.71 (-2.47 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$27.92
Now: $27.99▼
$28.99
50-Day Range
$28.16
MA: $29.96▼
$32.67
52-Week Range
$16.07
Now: $27.99▼
$58.66
Volume13.43 million shs
Average Volume7.42 million shs
Market Capitalization$24.11 billion
P/E RatioN/A
Dividend Yield4.46%
Beta1.37
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.
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American International Group logo

Beat the Market (BTM) Rank™

Analyst Opinion: 3.3Community Rank: 2.6Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.55 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 Ratio0.63
Current Ratio0.34
Quick Ratio0.34

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E Ratio10.85
P/E Growth1.14

Sales & Book Value

Annual Sales$49.75 billion
Price / Sales0.48
Cash Flow$9.96 per share
Price / Cash Flow2.81
Book Value$76.95 per share
Price / Book0.36

Profitability

EPS (Most Recent Fiscal Year)$4.59
Net Income$3.35 billion
Net Margins-9.46%
Return on Equity3.28%
Return on Assets0.40%

Miscellaneous

Employees46,000
Outstanding Shares861,434,000
Market Cap$24.11 billion
Next Earnings Date11/6/2020 (Estimated)
OptionableOptionable
$27.99
-0.71 (-2.47 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, AIG stock has decreased by 13.7% and is now trading at $27.99.
View which stocks have been most impacted by COVID-19.

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

16 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 10 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 Friday, November 6th 2020.
View our earnings forecast for American International Group.

How were American International Group's earnings last quarter?

American International Group Inc (NYSE:AIG) announced its quarterly earnings results on Monday, August, 3rd. The insurance provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.16. The insurance provider earned $11.73 billion during the quarter, compared to the consensus estimate of $11.17 billion. American International Group had a negative net margin of 9.46% and a positive return on equity of 3.28%. During the same period in the prior year, the business posted $1.43 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, August 3rd. Investors of record on Thursday, September 17th will be given a dividend of $0.32 per share on Wednesday, September 30th. This represents a $1.28 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend is Wednesday, September 16th.
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 allows the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

What price target have analysts set for AIG?

16 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 $42.29 in the next year. This suggests a possible upside of 51.1% 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. According to Zacks Investment Research, "American International has undertaken a number of divestitures over the years in a bid to streamline its core insurance operations and restructure businesses. This, in turn, has been enhancing capital allocation and operating leverage. The company banks on buyouts in the domestic middle market and intends to utilize capital for possible acquisitions in international markets. Shares of AIG have underperformed its industry in a year. Nevertheless, several cost-cutting efforts have resulted in operational efficiency based on which AIG remains on track to achieve $300 million in exit run rate savings for 2020. However, it remains exposed to weather woes, which render volatility to its earnings. High debt levels increase financial risks. The top line is likely to remain stressed due to the pandemic. Also, its second-quarter earnings missed estimates." (9/1/2020)
  • 2. Wells Fargo & Company 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)

Are investors shorting American International Group?

American International Group saw a increase in short interest in July. As of July 31st, there was short interest totaling 15,880,000 shares, an increase of 10.1% from the July 15th total of 14,420,000 shares. Based on an average daily volume of 6,740,000 shares, the days-to-cover ratio is currently 2.4 days. Approximately 1.8% of the company's shares are sold short.
View American International Group's Short Interest.

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), Genworth Financial (GNW) and Horace Mann Educators (HMN).
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), Wells Fargo & Company (WFC), Walt Disney (DIS) and Johnson & Johnson (JNJ).

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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.03%), Macquarie Group Ltd. (2.49%), Pzena Investment Management LLC (2.10%), FMR LLC (1.94%), Diamond Hill Capital Management Inc. (1.91%) and Bank of New York Mellon Corp (1.46%). Company insiders that own American International Group stock include Elias F Habayeb, Seraina Macia and Therese M Vaughan.
View institutional ownership trends for American International Group.

Which major investors are selling American International Group stock?

AIG stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Prudential Financial Inc., Bank of New York Mellon Corp, Marshall Wace North America L.P., MERIAN GLOBAL INVESTORS UK Ltd, Nuveen Asset Management LLC, Strs Ohio, and Ceredex Value Advisors LLC.
View insider buying and selling activity for American International Group.

Which major investors are buying American International Group stock?

AIG stock was purchased by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Pzena Investment Management LLC, Diamond Hill Capital Management Inc., Turiya Advisors Asia Ltd, AQR Capital Management LLC, FMR LLC, Ensign Peak Advisors Inc, and Healthcare of Ontario Pension Plan Trust Fund.
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 $27.99.

How big of a company is American International Group?

American International Group has a market capitalization of $24.11 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 9/19/2020 by MarketBeat.com Staff
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