[Business Wire] - American International Group, Inc. today reported net income attributable to AIG of $1.6 billion for the quarter ended March 31, 2014, compared to $2.2 billion for the first quarter of 2013.Read more on this.
American International Group, Inc. (AIG), with a current value of $77.19B, started trading this morning at $52.00. Shares have traded today between $51.71 and $52.74 per share with a trailing 52-week range being $41.53 to $53.33. AIG (AIG) shares are currently priced at 12.20x this year's forecasted earnings, which makes them relatively inexpensive compared to the industry's 16.68x earnings multiple for the same period. And for income investors, the company pays shareholders $0.50 per share annually in dividends, yielding 1.00%. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $1.07 per share, which would be $0.27 worse than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.29, which would be a $0.27 worse when compared to the last year's annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $9.35 Billion. If reported, that would be a 9.23% increase over the year-ago quarter. In terms of ratings, Standpoint Research Initiated AIG at Buy (Jun 28, 2013). Previously, Barclays upgraded AIG from Equal Weight to Overweight. The average price target for AIG shares by the analysts covering the stock is $55.95, which is 7.60% above where the stock opened this morning. Summary (NYSE:AIG) : American International Group, Inc. provides insurance products and services for the commercial, institutional, and individual customers in the United States and internationally. The company operates in two segments: AIG Property Casualty, and AIG Life and Retirement. The AIG Property Casualty segment offers casualty insurance products that cover general liability, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance; industrial energy-related and commercial property insurance products, which cover exposures to man-made and natural disasters; aerospace, environmental, political risk, trade credit, surety and marine insurance products for small and medium sized enterprises; and various forms of professional liability insurance products. It also provides personal accidental and supplemental health products for individuals, employees, associations, and other organizations; and life products, as well as a range of travel insurance products and services for leisure and business travelers. This segment distributes its insurance products and services through brokers, agents, and direct marketing and partner organizations, as well as the Internet. The AIG Life and Retirement segment offers a suite of products and services to individuals and groups, including term life insurance, universal life insurance, accident and health insurance, fixed and variable group annuities, administrative and compliance services, mutual funds, and financial planning. This segment distributes its products through banks, broker-dealers, financial advisors, independent marketing organizations, insurance agents, structured settlement brokers, benefit consultants, and direct-to-consumer platforms. The company also provides private residential mortgage guaranty insurance and direct investment book services; and derivatives intermediary services. American International Group, Inc. was founded in 1919 and is based in New York, New York. Tag Helper ~ Stock Code: AIG | Common Company name: AIG | Full Company name: American International Group Inc (NYSE:AIG) .
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