AIG Shares Jump on Q1 Beat & Dividend Hike
<p><a href='https://financialmodelingprep.com/financial-summary/AIG'>AIG (NYSE:AIG)</a> shares jumped more than 7% on Friday after the company posted its Q1 earnings results, with EPS of $1.63 coming in above the Street estimate of $1.43. The company also increased its quarterly dividend by 12.5% to $0.36 per share or $1.44 annualized. </p>
<p>According to RBC Capital, the company continues to produce further core margin improvement due to past underwriting actions. Commercial line rate increases for the company are outpacing loss cost inflation. </p>
<p>The analysts see a path to an additional core margin improvement with new expense saves on the way. Their 2024 EPS estimate moved to $7.50 from $7.25.</p>

NYSE:AIG