Company Update (NYSE:AIG): AIG Announces Early Participation Results of Its Cash Tender Offer

[Business Wire] – American International Group, Inc. today announced the results as of the early participation date of its previously announced cash tender offer for the notes and debentures issued or guaranteed by AIG listed in the table below. Read more on this. American International Group, Inc. (AIG) , currently valued at $62.56B, opened at $52.12. A quick look at the market, the company’s stock traded between $51.57 and $52.56 and has traded between $50.20 and $64.93 over the past 12 months. AIG shares are currently priced at 10.78x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.52x forward p/e ratio. And for income investors, the company pays shareholders $1.28 per share annually in dividends, yielding 2.45%. 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. Investors should also note that the full-year EPS estimate of $4.85 is a $2.66 improvement 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. More recently, Standpoint Research upgraded AIG from Hold to Buy (Jan 19, 2016). Previously, Standpoint Research downgraded AIG from Buy to Hold. With the above information in mind, readers should note that the average price target is $63.33, which is 21.51% above where the stock opened this morning. See more in (NYSE:AIG) Similar Articles: Company Update (NYSE:AIG): AIG Commences Cash Tender Offer for Debt Securities Market Update (NYSE:RAI): Advisory: RAI announces early results of cash tender offer Company Update (NYSE:AIG): AIG Announces Expansion of Board of Directors and Nominates Two New Directors
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