Company Update: American International Group Inc (NYSE:AIG) – AIG CEO says MetLife ‘too big to fail’ ruling an opportunity

[Reuters] – AIG’s near collapse in 2008 and its $182 billion bailout by the U.S. government was the driving force behind the inclusion of certain non-bank financial companies, including AIG, as “systemically important financial institutions” (SIFIs). Hancock, who said “the whole world was somewhat surprised” by the MetLife ruling, noted that AIG had shrunk its balance sheet, giving it a strong case to get its SIFI tag removed. AIG’s mortgage insurance unit, United Guaranty Corp, filed for an initial public offering on Wednesday as part of AIG’s plan to become smaller. Read more on this. American International Group, Inc. (AIG) , with a current market cap of $62.58B, began trading this morning at $54.50. Looking at the equity, the company’s one day range is $54.32 to $54.83 and has traded between $50.20 and $64.93 over the past 12 months. AIG (AIG) shares are currently priced at 11.33x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.81x earnings multiple for the same period. The company pays shareholders $1.28 per share annually in dividends, yielding 2.42%. According to a consensus of 22 analysts, the earnings estimate of $1.09 per share would be $0.13 worse than the year-ago quarter and a $0.13 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.81, which would be a $2.62 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $13.72 Billion. If reported, that would be a 5.96% decrease over the year-ago quarter. Recently, Atlantic Equities upgraded AIG from Underweight to Neutral (Mar 22, 2016). Previously, Standpoint Research upgraded AIG from Hold to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $63.11, which is 15.80% above where the stock opened this morning. See more in (NYSE:AIG) Similar Articles: Company Update: American International Group Inc (NYSE:AIG) – Apple leads US$11.075bn high-grade bond sales Company Update: American International Group Inc (NYSE:AIG) – A.M. Best Withdraws Ratings of AIG Australia Limited Company Update: American International Group Inc (NYSE:AIG) – ASSA to Acquire AIG Operations in Central America