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

American International Group, Inc. (NYSE:AIG) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 7,850,000 shares, a decline of 8.2% from the March 15th total of 8,550,000 shares. Based on an average daily volume of 3,950,000 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.2% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AIG. UBS Group boosted their price target on shares of American International Group from $83.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Morgan Stanley boosted their price target on shares of American International Group from $72.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Monday. TD Cowen began coverage on shares of American International Group in a report on Wednesday, January 10th. They set a “market perform” rating and a $78.00 price objective on the stock. Citigroup boosted their price objective on shares of American International Group from $79.00 to $87.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Royal Bank of Canada boosted their price objective on shares of American International Group from $76.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $79.06.

Insider Buying and Selling at American International Group

In other American International Group news, Director John C. Inglis acquired 659 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were bought at an average cost of $75.39 per share, for a total transaction of $49,682.01. Following the completion of the purchase, the director now owns 659 shares in the company, valued at approximately $49,682.01. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Peter Zaffino sold 333,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the transaction, the chief executive officer now directly owns 505,420 shares in the company, valued at $38,346,215.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John C. Inglis purchased 659 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were purchased at an average price of $75.39 per share, for a total transaction of $49,682.01. Following the completion of the purchase, the director now owns 659 shares of the company’s stock, valued at $49,682.01. The disclosure for this purchase can be found here. 0.61% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On American International Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Research Global Investors increased its position in shares of American International Group by 0.4% in the fourth quarter. Capital Research Global Investors now owns 41,770,175 shares of the insurance provider’s stock worth $2,829,930,000 after acquiring an additional 176,286 shares in the last quarter. Invesco Ltd. increased its position in shares of American International Group by 3.0% in the third quarter. Invesco Ltd. now owns 17,085,545 shares of the insurance provider’s stock worth $1,035,384,000 after acquiring an additional 503,547 shares in the last quarter. Geode Capital Management LLC increased its position in shares of American International Group by 1.4% in the first quarter. Geode Capital Management LLC now owns 13,407,381 shares of the insurance provider’s stock worth $673,990,000 after acquiring an additional 180,340 shares in the last quarter. FMR LLC increased its position in shares of American International Group by 5.0% in the third quarter. FMR LLC now owns 12,745,085 shares of the insurance provider’s stock worth $772,352,000 after acquiring an additional 604,901 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of American International Group in the fourth quarter worth $736,063,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Trading Up 1.0 %

Shares of NYSE:AIG traded up $0.76 during trading on Wednesday, reaching $73.81. The stock had a trading volume of 4,653,038 shares, compared to its average volume of 3,548,079. The business has a fifty day moving average price of $73.96 and a 200-day moving average price of $68.27. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.44. The stock has a market cap of $50.26 billion, a P/E ratio of 14.79, a PEG ratio of 1.03 and a beta of 1.03. American International Group has a fifty-two week low of $48.95 and a fifty-two week high of $78.95.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.20. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The business had revenue of $1.00 million during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the previous year, the business posted $1.36 earnings per share. The company’s revenue was up .0% on a year-over-year basis. As a group, analysts anticipate that American International Group will post 7.07 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.95%. The ex-dividend date was Wednesday, March 13th. American International Group’s dividend payout ratio (DPR) is 28.86%.

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.