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

American International Group, Inc. (NYSE:AIG) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 13,160,000 shares, a growth of 26.9% from the February 13th total of 10,370,000 shares. Approximately 2.2% of the company’s stock are sold short. Based on an average daily trading volume, of 4,450,000 shares, the short-interest ratio is presently 3.0 days.

American International Group Stock Performance

Shares of American International Group stock traded up $0.11 on Tuesday, reaching $84.01. 6,059,319 shares of the stock were exchanged, compared to its average volume of 4,064,964. American International Group has a 1-year low of $69.00 and a 1-year high of $84.96. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average price of $76.48 and a two-hundred day moving average price of $75.36. The firm has a market capitalization of $49.85 billion, a PE ratio of -40.39, a PEG ratio of 1.01 and a beta of 0.98.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, research analysts anticipate that American International Group will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.90%. American International Group’s payout ratio is currently -76.92%.

Insider Buying and Selling at American International Group

In other news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc lifted its holdings in shares of American International Group by 5.6% in the third quarter. CIBC Asset Management Inc now owns 97,455 shares of the insurance provider’s stock valued at $7,137,000 after purchasing an additional 5,179 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of American International Group by 8.7% in the third quarter. Empowered Funds LLC now owns 11,928 shares of the insurance provider’s stock valued at $873,000 after purchasing an additional 958 shares in the last quarter. Atlanta Consulting Group Advisors LLC purchased a new stake in shares of American International Group in the third quarter valued at about $494,000. Claro Advisors LLC purchased a new position in shares of American International Group during the third quarter valued at approximately $359,000. Finally, Caprock Group LLC lifted its stake in shares of American International Group by 5.8% during the third quarter. Caprock Group LLC now owns 34,902 shares of the insurance provider’s stock valued at $2,556,000 after buying an additional 1,921 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AIG shares. Keefe, Bruyette & Woods raised their price objective on shares of American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 14th. The Goldman Sachs Group reiterated a “neutral” rating and set a $79.00 price target (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Hsbc Global Res upgraded shares of American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Wells Fargo & Company lifted their price target on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Finally, Morgan Stanley lifted their price target on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, American International Group has an average rating of “Moderate Buy” and an average target price of $84.31.

About American International Group

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.