American International Group, Inc. (NYSE:AIG) Declares Quarterly Dividend of $0.40

American International Group, Inc. (NYSE:AIG) declared a quarterly dividend on Monday, November 4th, Zacks reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.40 per share by the insurance provider on Monday, December 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Monday, December 16th.

American International Group has raised its dividend by an average of 3.0% per year over the last three years. American International Group has a payout ratio of 23.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect American International Group to earn $6.78 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 23.6%.

American International Group Stock Performance

AIG stock traded up $0.20 during mid-day trading on Wednesday, hitting $75.59. The company had a trading volume of 2,044,409 shares, compared to its average volume of 4,081,782. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market cap of $48.68 billion, a PE ratio of -58.68, a price-to-earnings-growth ratio of 5.21 and a beta of 1.05. American International Group has a 12 month low of $62.52 and a 12 month high of $80.83. The stock’s fifty day moving average price is $75.14 and its two-hundred day moving average price is $75.64.

American International Group (NYSE:AIG) last issued its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.13. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. During the same period in the previous year, the company posted $1.61 earnings per share. On average, analysts forecast that American International Group will post 4.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder International Group American sold 5,000,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $28.86, for a total value of $144,300,000.00. Following the sale, the insider now directly owns 279,238,898 shares of the company’s stock, valued at $8,058,834,596.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.61% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. StockNews.com lowered shares of American International Group from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. BMO Capital Markets downgraded shares of American International Group from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $90.00 to $84.00 in a report on Tuesday, October 15th. TD Cowen lowered their target price on shares of American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a report on Tuesday, August 13th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $87.00 price target on shares of American International Group in a report on Wednesday. Finally, JPMorgan Chase & Co. upgraded American International Group from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $93.00 to $89.00 in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $84.31.

American International Group Company Profile

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.