American International Group, Inc. (NYSE:AIG) Short Interest Down 28.3% in January

American International Group, Inc. (NYSE:AIG) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 7,606,942 shares, a decline of 28.3% from the December 31st total of 10,614,738 shares. Based on an average daily trading volume, of 7,915,806 shares, the short-interest ratio is presently 1.0 days. Approximately 1.4% of the company’s stock are sold short. Approximately 1.4% of the company’s stock are sold short. Based on an average daily trading volume, of 7,915,806 shares, the short-interest ratio is presently 1.0 days.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AIG. TD Cowen raised their price objective on American International Group from $86.00 to $90.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. HSBC lowered their price target on American International Group from $91.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. Wells Fargo & Company increased their price objective on American International Group from $83.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, January 13th. Jefferies Financial Group boosted their target price on shares of American International Group from $96.00 to $101.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Finally, Piper Sandler upped their price target on shares of American International Group from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, December 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $87.42.

American International Group Trading Up 0.7%

Shares of American International Group stock opened at $74.85 on Friday. 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 business has a fifty day simple moving average of $78.90 and a two-hundred day simple moving average of $79.13. American International Group has a 1 year low of $71.25 and a 1 year high of $88.07. The company has a market capitalization of $40.39 billion, a price-to-earnings ratio of 13.61, a P/E/G ratio of 0.56 and a beta of 0.62.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.63. American International Group had a net margin of 11.89% and a return on equity of 9.09%. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period in the prior year, the firm earned $1.23 earnings per share. Research analysts forecast 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. Investors of record on Tuesday, December 16th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, December 16th. American International Group’s dividend payout ratio (DPR) is presently 32.73%.

Institutional Investors Weigh In On American International Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vise Technologies Inc. bought a new position in shares of American International Group in the 2nd quarter valued at $858,000. Jupiter Asset Management Ltd. acquired a new position in American International Group in the 2nd quarter worth about $6,127,000. Meeder Asset Management Inc. raised its position in American International Group by 88.8% in the third quarter. Meeder Asset Management Inc. now owns 58,314 shares of the insurance provider’s stock valued at $4,580,000 after purchasing an additional 27,431 shares during the last quarter. Allstate Corp acquired a new stake in shares of American International Group during the third quarter valued at about $1,689,000. Finally, Allworth Financial LP grew its holdings in shares of American International Group by 132.6% during the second quarter. Allworth Financial LP now owns 12,457 shares of the insurance provider’s stock worth $1,066,000 after purchasing an additional 7,101 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Company Profile

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.