American International Group, Inc. (NYSE:AIG) Short Interest Down 25.4% in December

American International Group, Inc. (NYSE:AIG) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 10,614,738 shares, a decline of 25.4% from the December 15th total of 14,221,251 shares. Currently, 2.0% of the company’s stock are short sold. Based on an average daily volume of 3,775,297 shares, the days-to-cover ratio is currently 2.8 days. Based on an average daily volume of 3,775,297 shares, the days-to-cover ratio is currently 2.8 days. Currently, 2.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Bank of America lowered their target price on American International Group from $89.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday. JPMorgan Chase & Co. raised their price objective on American International Group from $95.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Keefe, Bruyette & Woods upped their target price on shares of American International Group from $91.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Cantor Fitzgerald reduced their price objective on shares of American International Group from $80.00 to $77.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Finally, Wall Street Zen lowered American International Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $87.68.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Brighton Jones LLC acquired a new position in American International Group in the 4th quarter valued at about $1,091,000. Parallel Advisors LLC lifted its holdings in American International Group by 2.8% in the second quarter. Parallel Advisors LLC now owns 5,562 shares of the insurance provider’s stock valued at $476,000 after acquiring an additional 153 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in American International Group by 7.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,627 shares of the insurance provider’s stock worth $225,000 after acquiring an additional 176 shares during the period. Harbor Capital Advisors Inc. increased its stake in American International Group by 403.2% during the second quarter. Harbor Capital Advisors Inc. now owns 936 shares of the insurance provider’s stock worth $80,000 after acquiring an additional 750 shares during the last quarter. Finally, Aaron Wealth Advisors LLC raised its position in American International Group by 2.4% in the second quarter. Aaron Wealth Advisors LLC now owns 5,466 shares of the insurance provider’s stock valued at $468,000 after purchasing an additional 126 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Down 1.6%

Shares of AIG stock traded down $1.18 during mid-day trading on Monday, hitting $72.85. 5,744,556 shares of the stock traded hands, compared to its average volume of 5,116,293. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market cap of $39.31 billion, a P/E ratio of 13.25, a P/E/G ratio of 0.70 and a beta of 0.62. The stock’s fifty day moving average is $79.63 and its two-hundred day moving average is $79.74. American International Group has a 52-week low of $71.74 and a 52-week high of $88.07.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, beating the consensus estimate of $1.57 by $0.63. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.82 billion. American International Group had a return on equity of 9.09% and a net margin of 11.89%.During the same quarter in the prior year, the business posted $1.23 EPS. Equities analysts predict that American International Group will post 6.24 EPS for the current year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.5%. American International Group’s payout ratio is currently 32.73%.

About American International Group

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.