(By Nikki) American International Group, Inc is expected to report Q4 2009 earnings soon. We could not confirm when the company is going to report the earnings. In the last two quarters ended September 2009, the company's earnings exceeded the analysts' consensus estimates by high double digit margins. However, in March 2009 and December 2008 quarters, the company's earnings fell short of the analysts' consensus estimates.
Fundamental Report :
- Recently one or more analyst downgraded the stock. Very Negative
- The earnings are growing from last one year including recent quarter. Positive
- The company recorded sales growth in last quarter . Positive
Performance Report :
- The stock is losing momentum as compare to its industry : Very Negative
- The stock listed in the sector with positive momentum: Positive
- The stock listed in the industry with positive momentum: Positive
Technical Report :
- The stock is trading between support and resistance : Neutral.
- The short term moving average is higher than long term : Positive.
- ADX points to uptrending movement : Positive.
- The stock is trading close to upper Bollinger Band : Very Positive.
- The Slow Stochastic signal downward movement : Very Negative.
- The average volume is rising confirming the trend.
American International Group, Inc. (AIG) is a holding company which, through its subsidiaries, is engaged in a range of insurance and insurance-related activities in the United States and abroad. AIG's primary activities include both General Insurance and Life Insurance & Retirement Services operations. Other significant activities include Financial Services and Asset Management. The Company operates in four segments: General Insurance, Life Insurance & Retirement Services, Financial Services and Asset Management. Through these operating segments, AIG provides insurance, financial and investment products and services to both businesses and individuals in more than 130 countries and jurisdictions. In December 2008, AIG's United States life insurance companies sold its residential mortgage-backed securities portfolio to Maiden Lane II LLC. On April 1, 2009, AIG completed the sale of AIG Life of Canada to BMO Financial Group, and Hartford Steam Boiler to the Munich Re Group.
For the third quarter ended September 30, 2009, AIG reported net income attributable to AIG of $455 million, including net income attributable to AIG common shareholders of $92 million, or $0.68 per diluted common share, compared with a net loss of $24.5 billion or $181.02 per diluted share in the third quarter of 2008. Third quarter 2009 adjusted net income was $1.9 billion, compared with an adjusted net loss of $9.2 billion in the third quarter of 2008. Pricing in commercial property casualty business was stable. AIG took several important steps in its restructuring program. At AIGFP, virtually all key risk measures came down significantly and the earnings again benefited from a positive unrealized market valuation gain on the Super Senior Credit Default Swap portfolio. In the third quarter of 2009, AIG announced the sales of Nan Shan and a portion of its investment advisory and asset management business, as well as the combination of its Domestic Life Insurance & Retirement Services businesses and ongoing efforts to build their value.
Analysts' estimates for Q4 2009 range from a low of -$5.3 to a high of -$2.71, compared to a consensus estimate of -$3.94. The consensus EPS forecast has remained the same over the past week at -$3.940 and increased over the past month from -$4.093 to -$3.940 (3.74%). Of the 3 analysts making quarterly forecasts, 1 raised and none lowered their forecast.
Upward revision in the analysts' estimates over the past month is attributable to the closure of American International Assurance Company, Limited (AIA) and American Life Insurance Company (ALICO) deals with the Federal Reserve Bank of New York (FRBNY).
In December 2009, AIG reduced debt worth $25 billion with FRBNY by selling preferred equity interests in AIA and ALICO. Moreover, these transactions position AIA and ALICO for initial public offerings or third party sale, depending on market conditions and subject to customary regulatory approvals
The stock closed Monday at $28.43, compared to the 52 week range of $6.6 and $55.9. In the last one year the share price has gained more than 163.2%.
Earnings Performance :
- EPS Growth in Last Quarter: 10.89 %
- EPS Growth in Last Year: 104.17 %
- Sales Growth in Last Quarter: 224.64 %
- Sales Growth in Last Year: 2,800.78 %
Earnings Estimates
- Current Estimates: ($3.94)
- Number of Estimates: 3
- High Estimate: ($2.71)
- Low Estimate: ($5.30)
- Last Year EPS: ($14.17)
- Percentage Growth: 72.00 %
Charts:
Technical Chart:
Sector Chart:
