American International Group Inc (AIG) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.98 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.94. Analysts expectations of $13096.15 million. During the same quarter in the previous year, the company posted $1.39 EPS.
Many Wall Street Analysts have commented on American International Group Inc. American International Group Inc was Upgraded by Wells Fargo to ” Outperform” on May 17, 2016. Shares were Reiterated by FBR Capital on May 10, 2016 to “Mkt Perform” and Lowered the Price Target to $ 53 from a previous price target of $56 .American International Group Inc was Resumed by Morgan Stanley to “Equal-Weight” on May 5, 2016.
American International Group Inc closed down -0.35 points or -0.64% at $54.44 with 59,37,415 shares getting traded on Friday. Post opening the session at $54.43, the shares hit an intraday low of $54.17 and an intraday high of $54.65 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.