Stock Update: American International Group Inc (NYSE:AIG) – AIG Announces Results of Its 2016 Annual Meeting of Shareholders

[Business Wire] – Shareholders of American International Group, Inc. today elected sixteen directors at the company’s Annual Meeting of Shareholders. The shareholders also voted to support each of the two proposals recommended by the AIG Board of Directors. Read more on this. American International Group, Inc. (AIG) , valued at $62.62B, began trading this morning at $56.27. Today’s price range has been between $55.89 and $56.60 per share with its 52-week range being $50.20 to $64.93. Priced at 13.91x this year’s forecasted earnings, AIG shares are relatively inexpensive compared to the industry’s 15.15x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.28 per share annually in dividends, yielding 2.33%. In a review of the consensus earnings estimate this quarter, 20 sell-side analysts are looking at $1.03 per share, which would be $0.36 worse than the year-ago quarter and a $0.24 sequential decrease. The full-year EPS estimate is $4.05, which would be a $1.86 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $12.92 Billion. If reported, that would be a 17.39% decrease over the year-ago quarter. In terms of ratings, Atlantic Equities upgraded AIG from Underweight to Neutral (Mar 22, 2016). Previously, Standpoint Research upgraded AIG from Hold to Buy. The average price target for AIG shares is $63.67, which is 13.15% above where the stock opened this morning. See more in (NYSE:AIG) Similar Articles: Company Update: American International Group Inc (NYSE:AIG) – AIG CEO says MetLife ‘too big to fail’ ruling an opportunity Company Update: American International Group Inc (NYSE:AIG) – A.M. Best Withdraws Ratings of AIG Australia Limited Stock Update (NYSE:CB): Chubb Limited Board Will Recommend 23rd Consecutive Annual Dividend Increase To Shareholders at 2016 Annual General Meeting; Declares First Quarter Dividend