American International Group, Inc. (NYSE:AIG) Announces 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 2.11%. The ex-dividend date of this dividend is Monday, December 16th.

American International Group has raised its dividend payment by an average of 3.0% annually over the last three years. American International Group has a dividend payout ratio of 23.4% indicating that its dividend is sufficiently covered by earnings. Equities 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

NYSE AIG traded up $0.48 during trading on Wednesday, hitting $75.87. 1,877,657 shares of the company’s stock traded hands, compared to its average volume of 4,081,007. 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 stock has a market capitalization of $48.86 billion, a price-to-earnings ratio of -58.68, a PEG 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 business has a 50 day moving average of $75.14 and a 200-day moving average of $75.64.

American International Group (NYSE:AIG) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. The business had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. American International Group had a negative net margin of 1.54% and a positive return on equity of 9.52%. During the same period in the previous year, the business earned $1.61 EPS. As a group, equities research analysts anticipate 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 stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the completion of the sale, the insider now owns 279,238,898 shares of the company’s stock, valued at approximately $8,058,834,596.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AIG. Jefferies Financial Group lifted their target price on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Barclays assumed coverage on shares of American International Group in a research note on Wednesday, September 4th. They set an “overweight” rating and a $90.00 price objective for the company. StockNews.com cut shares of American International Group from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Evercore ISI reduced their price target on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research report on Wednesday, October 9th. Finally, Bank of America increased their price objective on American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $84.31.

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.