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Five Must-Watch Earnings Releases

AIG ChartAIG data by YCharts
American International Group (AIG)

AIG provides insurance products and services in the U.S. and internationally. The company operates in three segments: Chartis, SunAmerica Financial Group, and Aircraft Leasing. AIG trades an average of 24 million shares per day with a marketcap of $60 billion.

52 Week Range: $19.96 to $37.67

Book Value: $60.58

Price To Book: 0.6

AIG will report third-quarter earnings after the market closes on Nov. 1.

The consensus estimate is currently 86 cents a share, up from a loss of $1.60 a year earlier. Analysts expectations range from 58 cents per share to $1.09 per share.

The last time AIG missed estimates was the year-ago period; otherwise, the last three quarters have crushed the estimates. In the last quarter's report, AIG made the estimates look silly, beating the mean estimate by more than 80%. TheStreet's Doug Kass writes about AIG in The Long Way.

Analyst opinion is mixed with this company. Most of the analysts surveyed don't believe a buy or a sell is currently warranted. Today, AIG has 11 buy recommendations out of 22 analysts covering the company, 11 holds, and no analysts recommend selling. The stock appreciated 38% in the last year, and the average analyst target price for AIG is $39.16.

The 60-day moving average is above the 200-day moving average, which is a classic bull trend. The moving averages are moving higher, and shareholders are happy. Trend followers love this pattern and will hold a position until a technical break results in a signal to exit. Unless of course you have owned AIG since 2007, and then no amount of bullish trends is going to help.

The last reported short interest is paltry and without reason to consider it a meaningful influence at only 1.4% of the average trading float.

AIG Revenue Quarterly ChartAIG Revenue Quarterly data by YCharts




At the time of publication the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

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