American International Group, Inc. (NYSE:AIG) Short Interest Update

American International Group, Inc. (NYSE:AIG) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 7,850,000 shares, a drop of 8.2% from the March 15th total of 8,550,000 shares. Based on an average daily trading volume, of 3,950,000 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.2% of the company’s shares are short sold.

Analyst Ratings Changes

AIG has been the topic of several recent research reports. Wells Fargo & Company raised their price objective on shares of American International Group from $74.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. HSBC started coverage on shares of American International Group in a research report on Thursday, December 28th. They set a “buy” rating and a $86.00 price objective on the stock. Citigroup lifted their price target on shares of American International Group from $79.00 to $87.00 and gave the company a “buy” rating in a research report on Tuesday. BMO Capital Markets dropped their price target on shares of American International Group from $83.00 to $81.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. Finally, Morgan Stanley lifted their price target on shares of American International Group from $72.00 to $79.00 and gave the company an “equal weight” rating in a research report on Monday. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.06.

American International Group Stock Performance

AIG stock traded up $0.76 on Wednesday, reaching $73.81. 4,653,038 shares of the company were exchanged, compared to its average volume of 3,548,079. American International Group has a 12 month low of $48.95 and a 12 month high of $78.95. The stock’s fifty day moving average price is $73.96 and its 200 day moving average price is $68.27. The firm has a market capitalization of $50.26 billion, a PE ratio of 14.79, a PEG ratio of 1.03 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.31 and a quick ratio of 0.31.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.20. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The business had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the previous year, the firm posted $1.36 earnings per share. American International Group’s revenue was up .0% compared to the same quarter last year. On average, research analysts anticipate that American International Group will post 7.07 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.36 per share. The ex-dividend date was Wednesday, March 13th. This represents a $1.44 dividend on an annualized basis and a yield of 1.95%. American International Group’s dividend payout ratio is currently 28.86%.

Insiders Place Their Bets

In other news, Director John C. Inglis bought 659 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was bought at an average cost of $75.39 per share, for a total transaction of $49,682.01. Following the completion of the acquisition, the director now directly owns 659 shares in the company, valued at approximately $49,682.01. The purchase was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Peter Zaffino sold 333,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the completion of the sale, the chief executive officer now directly owns 505,420 shares in the company, valued at $38,346,215.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John C. Inglis purchased 659 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were bought at an average price of $75.39 per share, with a total value of $49,682.01. Following the completion of the acquisition, the director now owns 659 shares of the company’s stock, valued at approximately $49,682.01. The disclosure for this purchase can be found here. Corporate insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On American International Group

A number of institutional investors have recently bought and sold shares of AIG. Fairfield Bush & CO. acquired a new stake in shares of American International Group in the 1st quarter valued at $84,000. Cetera Advisor Networks LLC boosted its stake in shares of American International Group by 11.7% in the 1st quarter. Cetera Advisor Networks LLC now owns 5,535 shares of the insurance provider’s stock valued at $347,000 after purchasing an additional 578 shares in the last quarter. Blair William & Co. IL boosted its stake in shares of American International Group by 1.2% in the 1st quarter. Blair William & Co. IL now owns 100,861 shares of the insurance provider’s stock valued at $6,331,000 after purchasing an additional 1,207 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of American International Group by 20.1% in the 1st quarter. Cetera Investment Advisers now owns 20,447 shares of the insurance provider’s stock valued at $1,283,000 after purchasing an additional 3,428 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of American International Group by 43.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,324 shares of the insurance provider’s stock valued at $334,000 after purchasing an additional 1,608 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Company Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance.