Company Update: American International Group Inc (NYSE:AIG) – A.M. Best Withdraws Ratings of AIG Australia Limited

[ Business Wire] – A.M. Best has affirmed the financial strength rating of A and the issuer credit rating of “a” and has maintained the under review with negative implications status for AIG Australia Limited . Read more on this. American International Group, Inc. (AIG) , valued at $61.12B, began trading this morning at $51.70. Looking at the stock , its one day range is $50.97 to $51.90 and has traded between $50.23 and $64.93 over the past 12 months. AIG shares are currently priced at 10.59x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 13.97x forward p/e ratio. And for passive income investors, the company pays shareholders $1.28 per share annually in dividends, yielding 2.46%. According to a consensus of 20 analysts, the earnings estimate of $1.12 per share would be $0.10 worse than the year-ago quarter and a $0.10 sequential decrease. The full-year EPS estimate is $4.92, which would be a $2.73 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $13.89 Billion. If reported, that would be a 4.80% decrease over the year-ago quarter. More recently, Standpoint Research upgraded AIG from Hold to Buy (Jan 19, 2016). Previously, Standpoint Research downgraded AIG from Buy to Hold. The average price target for AIG shares by the analysts covering the stock is $64.22, which is 24.22% above where the stock opened this morning. See more in (NYSE:AIG) Similar Articles: Company Update: American International Group Inc (NYSE:AIG) – ASSA to Acquire AIG Operations in Central America Company Update: American International Group Inc (NYSE:AIG) – A.M. Best Withdraws Ratings of The Fuji Fire & Marine Insurance Company, Limited and AIU Insurance Company, Ltd. Stock Update: American International Group Inc (NYSE:AIG) – AIG Launches Comprehensive Solution for Couture and Designer Wardrobe Collections