Short Interest in American International Group, Inc. (NYSE:AIG) Increases By 8.7%

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

Analysts Set New Price Targets

AIG has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Wells Fargo & Company boosted their price objective on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Morgan Stanley boosted their price objective on shares of American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday. The Goldman Sachs Group reissued a “neutral” rating and issued a $79.00 price objective (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $87.00 price target on shares of American International Group in a research report on Wednesday, November 6th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $83.94.

American International Group Stock Performance

Shares of AIG stock traded up $0.19 during trading hours on Tuesday, reaching $74.53. The stock had a trading volume of 487,463 shares, compared to its average volume of 3,849,158. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. American International Group has a twelve month low of $68.04 and a twelve month high of $80.83. The firm has a 50-day simple moving average of $73.45 and a 200-day simple moving average of $74.40. The firm has a market capitalization of $46.49 billion, a PE ratio of -21.95, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05.

American International Group (NYSE:AIG) last released its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. As a group, equities analysts forecast that American International Group will post 4.89 earnings per share for the current 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 paid 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 2.15%. American International Group’s payout ratio is -47.20%.

Hedge Funds Weigh In On American International Group

Large investors have recently bought and sold shares of the stock. Duncker Streett & Co. Inc. acquired a new position in American International Group during the 4th quarter valued at about $25,000. Asset Planning Inc acquired a new position in American International Group during the 4th quarter valued at about $26,000. True Wealth Design LLC acquired a new position in American International Group during the 3rd quarter valued at about $29,000. BankPlus Trust Department bought a new position in shares of American International Group during the 4th quarter valued at about $36,000. Finally, Continuum Advisory LLC boosted its position in shares of American International Group by 60.7% during the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 207 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

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.