American International Group, Inc. (NYSE:AIG) insurance products and services giant, is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.54 per share.
For the full year, analysts predict revenues of $ 44803.60 million, while looking forward to income of $ 2.22 per share.
Previous Quarter Performance
American International Group, Inc. unfold income for the second quarter of $ 0.66 per share, from the revenue of $ 9,396.00 million. The quarterly earnings fell 53.85 percent while revenues fell 23.65 percent compared with the same quarter last year.
Wall street analysts are predicting, AIG to report 2Q20 income of $ 0.50 per share from revenue of $ 11126.80 million. The bottom line results beat street analysts by $ 0.16 or 32.00 percent, at the same time, top line results fell short of analysts by $ 1 million or 15.56 percent.
Stock Performance
Shares of American International Group, Inc. traded low $ -1.30 or -3.95 percent on Wednesday, reaching $ 31.59 with volume of 5.34 million shares. American International Group, Inc. has traded high as $ 32.61 and has cracked $ 31.28 on the downward trend
The closing price of $ 31.59, representing a 104.67 % increase from the 52 week low of $ 16.07 and a 41.71 % decrease over the 52 week high of $ 56.42.
The company has a market capital of $ 27.21 billion and is part of the Financial Services sector and Insurance – Diversified industry.
Recent Stock Dividend Announcement
On August 3, 2020, the board of directors authorized quarterly dividend of $ 0.32 per share to holders of record as of the close of business on September 17, 2020, with payment date of September 30, 2020 and ex-dividend date on September 16, 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.
