American International Group, Inc. (NYSE:AIG) is set to announce second quarter earning results on Monday 3rd August 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, AIG to report 2Q20 income of $ 0.50 per share.
For the full year, analysts anticipate top line of $ 45555.80 million, while looking forward to income of $ 2.51 per share bottom line.
Previous Quarter Performance
American International Group, Inc. communicated income for the first quarter of $ 0.11 per share, from the revenue of $ 14,443.00 million. The quarterly earnings declined 93.04 percent while revenues elevated 11.83 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.72 per share from $ 11446.70 million in revenue. The bottom line results missed street analysts by $ 0.61 or 84.72 percent, at the same time, top line results outshined analysts by $ 2,996.30 million or 26.18 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of AIG was $ 32.14, representing a 100.00 % increase from the 52 week low of $ 16.07 and a 45.21 % decrease over the 52 week high of $ 58.66.
The company has a market capital of $ 27.68 billion and is part of the Financial Services sector and Insurance – Diversified industry.
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Recent Analyst recommendations
- On 11th June 2020, maintained by Morgan Stanley at Overweight rating, with $ 38.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.32 per share on May 4, 2020. The dividend were payable on June 29, 2020 to holders of record as of the close of business on June 15, 2020 and ex-dividend date on June 12, 2020.
American International Group, Inc. provides insurance products for commercial, institutional, and individual customers in North America and internationally. The companys General Insurance segment offers general liability, environmental, commercial automobile liability, workers compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.
