American International Group, Inc. (NYSE:AIG) Sees Significant Decline in Short Interest

American International Group, Inc. (NYSE:AIG) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 8,090,000 shares, a decrease of 22.1% from the December 31st total of 10,380,000 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily volume of 4,000,000 shares, the short-interest ratio is presently 2.0 days.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Bank of America raised their target price on American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Evercore ISI dropped their target price on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research report on Wednesday, October 9th. Royal Bank of Canada restated an “outperform” rating and issued a $87.00 price target on shares of American International Group in a research report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods cut their target price on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $84.13.

American International Group Trading Down 2.5 %

AIG stock traded down $1.87 during midday trading on Friday, reaching $73.55. The company’s stock had a trading volume of 4,453,560 shares, compared to its average volume of 3,624,084. The business’s 50-day simple moving average is $73.74 and its 200-day simple moving average is $74.61. The stock has a market cap of $45.88 billion, a PE ratio of -21.70, a price-to-earnings-growth ratio of 5.94 and a beta of 1.06. American International Group has a 52 week low of $67.53 and a 52 week high of $80.83. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The business had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same period last year, the company earned $1.61 EPS. As a group, sell-side analysts expect that American International Group will post 4.89 EPS for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Monday, December 16th. American International Group’s dividend payout ratio is currently -47.20%.

Institutional Investors Weigh In On American International Group

Large investors have recently bought and sold shares of the company. Wellington Management Group LLP increased its position in shares of American International Group by 32.4% in the 3rd quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock valued at $1,831,727,000 after buying an additional 6,119,996 shares in the last quarter. Prana Capital Management LP raised its position in shares of American International Group by 280.5% during the third quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock worth $138,264,000 after purchasing an additional 1,391,859 shares during the period. Swedbank AB raised its position in shares of American International Group by 70.6% during the fourth quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider’s stock worth $154,896,000 after purchasing an additional 880,625 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in shares of American International Group by 5.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock valued at $1,002,163,000 after purchasing an additional 722,237 shares in the last quarter. Finally, Barclays PLC grew its position in shares of American International Group by 24.7% in the 3rd quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider’s stock valued at $201,286,000 after purchasing an additional 544,110 shares during the period. Institutional investors 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.