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

American International Group, Inc. (NYSE:AIG) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 8,850,000 shares, a growth of 8.9% from the August 15th total of 8,130,000 shares. Based on an average daily trading volume, of 4,480,000 shares, the short-interest ratio is presently 2.0 days. Approximately 1.4% of the company’s shares are short sold.

American International Group Stock Down 0.4 %

NYSE AIG traded down $0.33 on Wednesday, hitting $73.27. The stock had a trading volume of 3,648,043 shares, compared to its average volume of 4,136,912. The business’s fifty day moving average price is $74.68 and its 200 day moving average price is $75.68. The stock has a market cap of $48.63 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 3.60 and a beta of 1.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.67 and a quick ratio of 0.67. American International Group has a 52-week low of $57.72 and a 52-week high of $80.83.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.14). American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The business had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $11.64 billion. During the same quarter last year, the firm earned $1.75 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. Equities research analysts anticipate that American International Group will post 5.24 earnings per share for the current year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, September 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.18%. American International Group’s dividend payout ratio (DPR) is currently 23.88%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AIG shares. StockNews.com lowered shares of American International Group from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. Citigroup reduced their price objective on American International Group from $89.00 to $87.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Evercore ISI lowered their target price on American International Group from $81.00 to $78.00 and set an “in-line” rating for the company in a report on Thursday, June 27th. TD Cowen cut their price target on American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. Finally, Barclays started coverage on shares of American International Group in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $90.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $83.88.

Insider Buying and Selling at American International Group

In other American International Group news, major shareholder International Group American sold 8,032,129 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $24.90, for a total value of $200,000,012.10. Following the transaction, the insider now owns 284,238,898 shares of the company’s stock, valued at approximately $7,077,548,560.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 14,964,738 shares of company stock worth $400,732,195 over the last 90 days. Company insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On American International Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC purchased a new stake in American International Group during the 2nd quarter valued at about $3,915,000. New Century Financial Group LLC acquired a new stake in shares of American International Group during the second quarter worth about $224,000. Cetera Investment Advisers boosted its position in American International Group by 13.5% in the second quarter. Cetera Investment Advisers now owns 65,432 shares of the insurance provider’s stock valued at $4,858,000 after buying an additional 7,784 shares during the last quarter. 3Chopt Investment Partners LLC acquired a new position in American International Group in the 2nd quarter worth approximately $293,000. Finally, Truist Financial Corp raised its position in American International Group by 16.0% during the 2nd quarter. Truist Financial Corp now owns 54,999 shares of the insurance provider’s stock worth $4,083,000 after buying an additional 7,600 shares during the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

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.