Market Update: American International Group Inc (NYSE:AIG) – AIG to Report Second Quarter 2016 Results on August 2, 2016

[Business Wire] – American International Group, Inc. will report financial results for the second quarter ended June 30, 2016, after the market closes on Tuesday, August 2, 2016. AIG’s press release and financial supplement will be available in the Investor Relations section of AIG’s website at http://www.aig.com. Read more on this. American International Group, Inc. (AIG) , with a current market cap of $55.75B, started trading this morning at $49.85. Shares have traded today between $48.80 and $49.88 per share and has traded between $48.41 and $64.93 over the past year. AIG shares are currently priced at 12.17x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.36x forward p/e ratio. And for income investors, the company pays shareholders $1.28 per share annually in dividends, yielding 2.52%. Consensus earnings for the current quarter by the 21 sell-side analysts covering the stock is an estimate of $1.02 per share, which would be $0.37 worse than the year-ago quarter and a $0.17 sequential decrease. The full-year EPS estimate is $4.01, which would be a $1.82 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $13.11 Billion. If reported, that would be a 16.18% decrease over the year-ago quarter. In terms of ratings, Wells Fargo upgraded AIG from Market Perform to Outperform (May 17, 2016). Previously, Atlantic Equities upgraded AIG from Underweight to Neutral. Investors should keep in mind is that the average price target is $63.35, which is 27.08% above where the stock opened this morning. See more in (NYSE:AIG) Similar Articles: Stock Update: American International Group Inc (NYSE:AIG) – AIG Announces Results of Its 2016 Annual Meeting of Shareholders Company Update: American International Group Inc (NYSE:AIG) – AIG CEO says MetLife ‘too big to fail’ ruling an opportunity Company Update: American International Group Inc (NYSE:AIG) – A.M. Best Withdraws Ratings of AIG Australia Limited