American Worldwide Group (NYSE:AIG – Get Free Report) is scheduled to be releasing its earnings information after the market closes on Monday, November 4th. Analysts count on American Worldwide Group to publish earnings of $1.18 per share for the quarter. Traders taken with registering for the corporate’s convention name can achieve this utilizing this hyperlink.
American Worldwide Group (NYSE:AIG – Get Free Report) final posted its quarterly earnings information on Wednesday, July thirty first. The insurance coverage supplier reported $1.16 EPS for the quarter, lacking analysts’ consensus estimates of $1.30 by ($0.14). The enterprise had income of $1.00 million in the course of the quarter, in comparison with analysts’ expectations of $11.64 billion. American Worldwide Group had a destructive web margin of 1.54% and a optimistic return on fairness of 9.52%. The agency’s quarterly income was up .0% in comparison with the identical quarter final yr. Throughout the identical quarter final yr, the agency earned $1.75 earnings per share. On common, analysts count on American Worldwide Group to publish $5 EPS for the present fiscal yr and $7 EPS for the subsequent fiscal yr.
American Worldwide Group Inventory Efficiency
AIG opened at $75.72 on Friday. The agency’s fifty day easy transferring common is $75.09 and its two-hundred day easy transferring common is $75.58. American Worldwide Group has a 52-week low of $62.52 and a 52-week excessive of $80.83. The corporate has a market cap of $48.76 billion, a price-to-earnings ratio of -58.70, a PEG ratio of 5.29 and a beta of 1.06. The corporate has a fast ratio of 0.67, a present ratio of 0.67 and a debt-to-equity ratio of 0.22.
Insider Exercise
In different American Worldwide Group information, main shareholder Worldwide Group American offered 5,000,000 shares of American Worldwide Group inventory in a transaction dated Monday, September sixteenth. The inventory was offered at a mean value of $28.86, for a complete worth of $144,300,000.00. Following the completion of the transaction, the insider now straight owns 279,238,898 shares of the corporate’s inventory, valued at $8,058,834,596.28. The commerce was a 0.00 % lower of their place. The transaction was disclosed in a authorized submitting with the SEC, which is on the market by this hyperlink. Insiders personal 0.61% of the corporate’s inventory.
Analyst Upgrades and Downgrades
AIG has been the subject of a number of analysis analyst stories. Royal Financial institution of Canada reiterated an “outperform” ranking and issued a $87.00 value goal on shares of American Worldwide Group in a report on Tuesday, July ninth. Evercore ISI decreased their value goal on American Worldwide Group from $79.00 to $78.00 and set an “in-line” ranking for the corporate in a analysis word on Wednesday, October ninth. Piper Sandler lowered their goal value on shares of American Worldwide Group from $89.00 to $86.00 and set an “obese” ranking on the inventory in a analysis word on Friday, August 2nd. Financial institution of America upped their value goal on shares of American Worldwide Group from $82.00 to $86.00 and gave the corporate a “impartial” ranking in a analysis word on Thursday, October tenth. Lastly, Citigroup reduce their goal value on American Worldwide Group from $89.00 to $87.00 and set a “purchase” ranking for the corporate in a analysis word on Tuesday, July twenty third. One equities analysis analyst has rated the inventory with a promote ranking, seven have given a maintain ranking and 9 have assigned a purchase ranking to the corporate’s inventory. Based mostly on information from MarketBeat, the inventory presently has a mean ranking of “Maintain” and a consensus goal value of $84.38.
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American Worldwide Group Firm Profile
American Worldwide Group, Inc affords insurance coverage merchandise for industrial, institutional, and particular person clients in North America and internationally. It operates by three segments: Normal Insurance coverage, Life and Retirement, and Different Operations. The Normal Insurance coverage phase gives industrial and industrial property insurance coverage, together with enterprise interruption and package deal insurance coverage that cowl publicity to made and pure disasters; normal legal responsibility, environmental, industrial vehicle legal responsibility, employees’ compensation, extra casualty, and disaster administration insurance coverage merchandise; {and professional} legal responsibility insurance coverage.
Beneficial Tales
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