Company Update (NYSE:AIG): AIG Announces Adjustments to Warrant Exercise Price and Shares Receivable Upon Warrant Exercise

[Business Wire] – American International Group, Inc. today announced that in accordance with the terms of the outstanding warrants to purchase shares of AIG Common Stock, par value $2.50 per share, the Warrant exercise price will be reduced to $44.7340 per share from $44.9036 per share and the number of shares of AIG Common Stock receivable upon Warrant exercise will increase to 1.006 from 1.002. Read more on this. American International Group, Inc. (AIG) , valued at $61.53B, opened this morning at $51.36. Today’s price range has been between $50.83 and $52.03 per share with its 52-week range being $50.20 to $64.93. AIG shares are currently priced at 10.78x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.56x earnings multiple. And for passive income investors, the company pays shareholders $1.28 per share annually in dividends, yielding 2.45%. In a review of the consensus earnings estimate this quarter, 22 sell-side analysts are looking at $1.09 per share, which would be $0.13 worse than the year-ago quarter and a $0.13 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $4.85 would be a $2.66 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $13.72 Billion. If realized, that would be a 5.96% decrease over the year-ago quarter. In terms of ratings, Standpoint Research upgraded AIG from Hold to Buy (Jan 19, 2016). Previously, Standpoint Research downgraded AIG from Buy to Hold. When considering if perhaps the stock is under or overvalued, the average price target is $63.33, which is 23.31% above where the stock opened this morning. See more in (NYSE:AIG) Similar Articles: Company Update (NYSE:AIG): AIG Announces Early Participation Results of Its Cash Tender Offer Company Update (NYSE:AIG): AIG Announces Expansion of Board of Directors and Nominates Two New Directors Stock Update: American International Group Inc (NYSE:AIG) – AIG Announces Adjustments to Warrant Exercise Price and Shares Receivable upon Warrant Exercise
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