American International Group Inc (AIG) Releases Earnings Results, Misses Expectations By $-0.35 EPS

American International Group Inc (AIG) reported quarterly earnings results on Monday, May-2-2016. The company reported $0.65 earnings per share for the quarter, missing the analyst consensus estimate by $-0.35. Analysts had a consensus of $1.00. Analysts expectations of $13749.00 million. During the same quarter in the previous year, the company posted $1.22 EPS.

Many Wall Street Analysts have commented on American International Group Inc. American International Group Inc was Upgraded by Atlantic Equities to ” Neutral” on Mar 22, 2016. Shares were Reiterated by Deutsche Bank on Mar 11, 2016 to “Hold” and Lowered the Price Target to $ 56 from a previous price target of $57 .Shares were Reiterated by RBC Capital Mkts on Feb 16, 2016 to “Outperform” and Lowered the Price Target to $ 65 from a previous price target of $69 .

American International Group Inc opened for trading at $56.5 and hit $56.91 on the upside on Wednesday, eventually ending the session at $56.63, with a gain of 0.14% or 0.08 points. The heightened volatility saw the trading volume jump to 62,91,112 shares. Company has a market cap of $65,093 M.

In a different news, on May 5, 2015, Peter R. Fisher (director) purchased 4,280 shares at $57.99 per share price. According to the SEC, on Mar 11, 2015, Ronald Eric Jr Martinez (Executive Vice President) sold 10,000 shares at $56.20 per share price. On Feb 26, 2015, Jeffrey J Hurd (Executive Vice President) sold 26,810 shares at $54.98 per share price, according to the Form-4 filing with the securities and exchange commission.

American International Group Inc. (AIG) is an insurance company. The Company provides a range of property casualty insurance life insurance retirement products mortgage insurance and other financial services. Its various offerings include products and services that help businesses and individuals protect their assets manage risks and provide for retirement security. The Company’s AIG Global Benefits Network provides administrative and marketing services to insurance companies offering benefit solutions to multinational employers. AIG Global Benefits Network can develop global benefit plan solutions for multinational clients by tapping the coverage options offered by carriers throughout the network. AIG operates through two segments: Commercial Insurance and Consumer Insurance. Commercial Insurance is a provider of insurance products and services for commercial and institutional customers.

American International Group Inc

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