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 in the month of March. As of March 15th, there was short interest totalling 16,230,000 shares, an increase of 23.3% from the February 28th total of 13,160,000 shares. Based on an average trading volume of 4,770,000 shares, the days-to-cover ratio is presently 3.4 days. Approximately 2.8% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AIG. Morgan Stanley boosted their price objective on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Hsbc Global Res raised American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods upped their price objective on American International Group from $90.00 to $98.00 and gave the stock an “outperform” rating in a research note on Tuesday. Wells Fargo & Company lifted their target price on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Finally, HSBC raised shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Wednesday, March 5th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, American International Group currently has an average rating of “Moderate Buy” and an average target price of $86.76.

Insider Transactions at American International Group

In other American International Group news, Director John G. Rice bought 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 transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $770,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On American International Group

Hedge funds have recently modified their holdings of the company. Duncker Streett & Co. Inc. purchased a new position in shares of American International Group in the 4th quarter valued at about $25,000. Asset Planning Inc acquired a new stake in American International Group in the fourth quarter valued at approximately $26,000. True Wealth Design LLC purchased a new stake in shares of American International Group in the third quarter valued at approximately $29,000. Ameriflex Group Inc. acquired a new position in shares of American International Group during the 4th quarter worth approximately $29,000. Finally, BankPlus Trust Department purchased a new position in shares of American International Group during the 4th quarter valued at approximately $36,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Stock Performance

Shares of AIG traded up $0.96 during mid-day trading on Wednesday, reaching $87.77. The company had a trading volume of 4,942,964 shares, compared to its average volume of 4,374,298. The stock has a 50 day moving average of $79.00 and a two-hundred day moving average of $76.15. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $52.08 billion, a P/E ratio of -42.20, a PEG ratio of 1.01 and a beta of 0.98. American International Group has a 52-week low of $69.00 and a 52-week high of $88.05.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates 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%. On average, analysts expect that American International Group will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.40 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.82%. 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.