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

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

Insiders Place Their Bets

In other American International Group news, Director John G. Rice acquired 10,000 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at approximately $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 is accessible through this link. 0.61% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American International Group

Institutional investors have recently added to or reduced their stakes in the business. Snowden Capital Advisors LLC raised its position in shares of American International Group by 1.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 10,564 shares of the insurance provider’s stock valued at $769,000 after buying an additional 146 shares in the last quarter. Catalina Capital Group LLC grew its position in American International Group by 5.1% during the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock valued at $222,000 after acquiring an additional 148 shares during the last quarter. EagleClaw Capital Managment LLC raised its stake in shares of American International Group by 0.5% during the third quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock worth $2,225,000 after acquiring an additional 150 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of American International Group by 1.8% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 8,799 shares of the insurance provider’s stock worth $641,000 after acquiring an additional 152 shares during the last quarter. Finally, Pitcairn Co. boosted its stake in shares of American International Group by 2.2% in the 4th quarter. Pitcairn Co. now owns 7,368 shares of the insurance provider’s stock valued at $536,000 after purchasing an additional 158 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AIG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their price target on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. 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. UBS Group decreased their price target on shares of American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $79.00 price objective (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Finally, Morgan Stanley increased their price objective on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, American International Group presently has an average rating of “Moderate Buy” and a consensus target price of $84.31.

American International Group Price Performance

Shares of American International Group stock traded up $0.83 on Monday, reaching $83.96. The stock had a trading volume of 4,710,130 shares, compared to its average volume of 4,040,286. The business’s 50 day moving average is $76.25 and its two-hundred day moving average is $75.30. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group has a 1 year low of $69.00 and a 1 year high of $83.94. The company has a market cap of $49.81 billion, a P/E ratio of -40.36, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98.

American International Group (NYSE:AIG) last posted its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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 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. Investors of record on Monday, March 17th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.91%. The ex-dividend date is Monday, March 17th. American International Group’s payout ratio is -76.92%.

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.