Media coverage about American International Group (NYSE:AIG) has trended somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. American International Group earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the insurance provider an impact score of 45.7851278641089 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s rankings:
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AIG’s loss for European business worsens in 2017 (businessinsurance.com) $1.26 EPS Expected for American International Group (AIG) This Quarter (americanbankingnews.com) UBS: Buy AIG After Earnings Estimates ‘Bottom Out’ (finance.yahoo.com) American International Group (AIG) Stock Rating Upgraded by UBS (americanbankingnews.com) American International Group (AIG) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
American International Group traded up $0.36, hitting $55.15, during mid-day trading on Friday, MarketBeat.com reports. The stock had a trading volume of 9,821,608 shares, compared to its average volume of 6,828,715. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.27 and a quick ratio of 0.27. American International Group has a 1-year low of $49.57 and a 1-year high of $67.30. The firm has a market cap of $49.51 billion, a P/E ratio of 22.98, a PEG ratio of 1.01 and a beta of 1.24.
American International Group (NYSE:AIG) last issued its earnings results on Wednesday, May 2nd. The insurance provider reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.22). American International Group had a positive return on equity of 2.65% and a negative net margin of 13.03%. The firm had revenue of $11.73 billion during the quarter, compared to analyst estimates of $11.60 billion. During the same period in the previous year, the company earned $1.36 earnings per share. research analysts expect that American International Group will post 4.95 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Thursday, June 14th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Wednesday, June 13th. American International Group’s dividend payout ratio is 53.33%.
A number of equities analysts have issued reports on the company. UBS raised American International Group from a “neutral” rating to a “buy” rating and upped their target price for the company from $53.71 to $63.00 in a research report on Thursday. ValuEngine lowered American International Group from a “hold” rating to a “sell” rating in a research report on Thursday, May 3rd. Deutsche Bank cut their target price on American International Group from $60.00 to $58.00 and set a “hold” rating on the stock in a research report on Thursday, May 3rd. Morgan Stanley lowered their price target on American International Group from $72.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, May 4th. Finally, Wells Fargo reiterated a “buy” rating on shares of American International Group in a report on Monday, May 14th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $66.56.
In related news, Director Douglas M. Steenland acquired 4,800 shares of the stock in a transaction dated Friday, May 4th. The shares were acquired at an average price of $52.06 per share, with a total value of $249,888.00. Following the acquisition, the director now owns 3,510 shares in the company, valued at approximately $182,730.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas B. Leonardi acquired 2,500 shares of the stock in a transaction dated Friday, May 4th. The shares were bought at an average cost of $51.55 per share, for a total transaction of $128,875.00. Following the acquisition, the insider now owns 2,500 shares in the company, valued at approximately $128,875. The disclosure for this purchase can be found here. Corporate insiders own 0.05% of the company’s stock.
About American International Group
American International Group, Inc provides insurance products for commercial, institutional, and individual customers primarily in the United States, Europe, and Japan. 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, and marine insurance.