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.
Read More…
Industry, Sector and Symbol
Industry Fire, marine, & casualty insurance
Sub-IndustryMulti-line Insurance
SectorFinance
Phone212-770-7000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$47.39 billion
Profitability
Miscellaneous
Employees49,600
Next Earnings Date10/30/2019 (Estimated)
OptionableOptionable
American International Group (NYSE:AIG) Frequently Asked Questions
What is American International Group's stock symbol?
American International Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIG."
How often does American International Group pay dividends? What is the dividend yield for American International Group?
American International Group announced a quarterly dividend on Wednesday, August 7th. Stockholders of record on Tuesday, September 17th will be given a dividend of $0.32 per share on Monday, September 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Monday, 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 approved a share repurchase plan on Wednesday, February 13th 2019, which authorizes the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.
How were American International Group's earnings last quarter?
American International Group Inc (NYSE:AIG) released its quarterly earnings data on Wednesday, August, 7th. The insurance provider reported $1.43 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.17 by $0.26. The insurance provider earned $12.16 billion during the quarter, compared to analysts' expectations of $12.07 billion. American International Group had a negative net margin of 0.24% and a positive return on equity of 2.97%. During the same quarter last year, the firm posted $1.05 earnings per share. View American International Group's Earnings History.
When is American International Group's next earnings date?
What price target have analysts set for AIG?
13 brokerages have issued 1 year price objectives for American International Group's stock. Their forecasts range from $46.00 to $68.00. On average, they expect American International Group's stock price to reach $57.86 in the next year. This suggests a possible upside of 7.2% from the stock's current price. View Analyst Price Targets for American International Group.
What is the consensus analysts' recommendation for American International Group?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for American International Group in the last year. There are currently 5 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings 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?
Media headlines about AIG stock have been trending negative on Friday, according to InfoTrie Sentiment. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded 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 -2.0 on InfoTrie's scale. They also assigned news headlines about the insurance provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for American International Group.
Are investors shorting American International Group?
American International Group saw a increase in short interest in September. As of September 30th, there was short interest totalling 18,490,000 shares, an increase of 28.5% from the August 30th total of 14,390,000 shares. Based on an average trading volume of 3,560,000 shares, the short-interest ratio is currently 5.2 days. Approximately 2.1% of the company's stock are sold short. 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 Chubb (CB), Progressive (PGR), Travelers Companies (TRV), Tokio Marine (TKOMY), Allstate (ALL), Hartford Financial Services Group (HIG), Cincinnati Financial (CINF), Ms&Ad Insurance Group (MSADY), Arch Capital Group (ACGL), Markel (MKL), Loews (L), W. R. Berkley (WRB), Cna Financial (CNA), Fairfax Financial Holdings Ltd Subordinate Voting Shares (FRFHF) and Alleghany (Y).
What other stocks do shareholders of American International Group own?
Who are American International Group's key executives?
American International Group's management team includes the folowing 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)
Who are American International Group's major shareholders?
American International Group's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Confluence Investment Management LLC (0.11%), Envestnet Asset Management Inc. (0.07%), Gateway Investment Advisers LLC (0.06%), Robeco Institutional Asset Management B.V. (0.05%), Nisa Investment Advisors LLC (0.03%) and TIAA FSB (0.03%). Company insiders that own American International Group stock include Claudine Macartney, Douglas M Steenland, Seraina Macia, Therese M Vaughan, Thomas B Leonardi and W Don Cornwell. 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 Gateway Investment Advisers LLC, Zeke Capital Advisors LLC, Vanguard Capital Wealth Advisors, Nisa Investment Advisors LLC, Camelot Portfolios LLC, First Hawaiian Bank, Crossmark Global Holdings Inc. and Confluence Investment Management LLC. View Insider Buying and Selling 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 Robeco Institutional Asset Management B.V., State of Alaska Department of Revenue, TIAA FSB, Oliver Luxxe Assets LLC, Rothschild Investment Corp IL, PhiloSmith Capital Corp, Northpointe Capital LLC and NuWave Investment Management LLC. Company insiders that have bought American International Group stock in the last two years include Douglas M Steenland, Therese M Vaughan and Thomas B Leonardi. View Insider Buying and Selling 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 $53.97.
How big of a company is American International Group?
American International Group has a market capitalization of $46.95 billion and generates $47.39 billion in revenue each year. The insurance provider earns $-6,000,000.00 in net income (profit) each year or $1.17 on an earnings per share basis. American International Group employs 49,600 workers across the globe.View Additional Information About American International Group.
What is American International Group's official website?
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]
MarketBeat Community Rating for American International Group (NYSE AIG)
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.
