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

American International Group, Inc. (NYSE:AIG) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 9,670,000 shares, a growth of 8.7% from the January 15th total of 8,900,000 shares. Based on an average daily volume of 4,120,000 shares, the short-interest ratio is presently 2.3 days. Approximately 1.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Duncker Streett & Co. Inc. acquired a new position in shares of American International Group during the fourth quarter worth about $25,000. Asset Planning Inc bought a new stake in American International Group in the fourth quarter valued at approximately $26,000. True Wealth Design LLC bought a new stake in American International Group in the third quarter valued at approximately $29,000. BankPlus Trust Department bought a new position in shares of American International Group during the fourth quarter worth approximately $36,000. Finally, Whipplewood Advisors LLC bought a new position in shares of American International Group during the fourth quarter worth approximately $40,000. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Trading Down 2.8 %

AIG stock opened at $74.27 on Tuesday. The company has a market cap of $46.33 billion, a P/E ratio of -21.91, a PEG ratio of 5.87 and a beta of 1.05. American International Group has a twelve month low of $68.04 and a twelve month 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. The business has a fifty day moving average of $73.45 and a 200-day moving average of $74.40.

American International Group (NYSE:AIG) last released its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. As a group, equities research analysts expect that American International Group will post 4.89 EPS for the current year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. American International Group’s payout ratio is -47.20%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Keefe, Bruyette & Woods increased their price target on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday. Wells Fargo & Company raised their price objective on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group restated a “neutral” rating and set a $79.00 price objective (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Finally, StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $84.06.

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.