American International Group (NYSE:AIG) | Ex-AIG executives pursue NY ethics complaint

American International Group (NYSE:AIG) [AP] – Former American International Group executives are pursuing an ethics complaint against the New York prosecutors still bringing the charges that cost them their jobs at the insurance giant in 2005. The …
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American International Group, Inc. (AIG), currently valued at $75.15B, started the session at $50.33.
Looking at today’s market, AIG one day range is $50.27 to $51.06 with a trailing 52-week range being $34.34 to $53.33.
AIG (AIG) shares are currently priced at 11.53x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.90x earnings multiple for the same period.
And for passive income investors, the company pays shareholders $0.40 per share annually in dividends, yielding 0.80%.
In a review of the consensus earnings estimate this quarter, 23 sell-side analysts are looking at $0.93 per share, which would be $0.73 better than the year-ago quarter and a $0.01 sequential increase. The full-year EPS estimate is $4.36 which would be a $0.43 better than last year’s full-year earnings.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $8.56 Billion. If reported, that would be a 0.58% decrease over the year-ago quarter.
In terms of ratings, Standpoint Research Initiated AIG at Buy (Jun 28, 2013). Previously, Barclays upgraded AIG from Equal Weight to Overweight.
The average price target for AIG shares is $54.89, which is 9.06% above where the stock opened this morning.
American International Group, Inc. (NYSE:AIG), provides insurance products and services for the commercial, institutional and individual customers in the United States and internationally. The company operates in two segments: AIG Property Casualty and AIG Life and Retirement.
Tag Helper ~ Stock Code: AIG | Common Company name: AIG | Full Company name: American International Group (NYSE:AIG) .

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