American International Group (NYSE:AIG) Issues Quarterly Earnings Results, Misses Expectations By $0.03 EPS

American International Group (NYSE:AIG) released its quarterly earnings results on Tuesday. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03), Zacks reports. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%.

American International Group Price Performance

Shares of AIG opened at $75.94 on Wednesday. American International Group has a 1-year low of $68.04 and a 1-year high of $80.83. The stock has a market cap of $47.37 billion, a PE ratio of -22.40, a P/E/G ratio of 5.87 and a beta of 1.05. The firm has a 50-day simple moving average of $73.44 and a two-hundred day simple moving average of $74.46. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wells Fargo & Company raised their price target on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. JPMorgan Chase & Co. decreased their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. UBS Group increased their price objective on shares of American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, BMO Capital Markets downgraded shares of American International Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $90.00 to $84.00 in a report on Tuesday, October 15th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $84.13.

About American International Group

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.