American International Group, Inc. (NYSE:AIG – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 6,610,000 shares, a growth of 5.8% from the September 15th total of 6,250,000 shares. Based on an average daily trading volume, of 2,960,000 shares, the short-interest ratio is presently 2.2 days. Approximately 0.9% of the shares of the company are sold short.
Wall Street Analysts Forecast Growth
AIG has been the subject of a number of recent analyst reports. StockNews.com started coverage on American International Group in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of American International Group in a research report on Wednesday, October 4th. They set a “buy” rating and a $79.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 price target on shares of American International Group in a research note on Tuesday, October 3rd. BMO Capital Markets decreased their price objective on shares of American International Group from $69.00 to $68.00 and set a “market perform” rating for the company in a research report on Tuesday, October 10th. Finally, Morgan Stanley boosted their price target on American International Group from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 11th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $68.21.
Check Out Our Latest Stock Report on American International Group
Insider Activity
Hedge Funds Weigh In On American International Group
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Fairfield Bush & CO. acquired a new stake in shares of American International Group during the first quarter worth $84,000. Cetera Advisor Networks LLC boosted its holdings in shares of American International Group by 11.7% in the 1st quarter. Cetera Advisor Networks LLC now owns 5,535 shares of the insurance provider’s stock valued at $347,000 after buying an additional 578 shares during the last quarter. Blair William & Co. IL raised its position in American International Group by 1.2% during the first quarter. Blair William & Co. IL now owns 100,861 shares of the insurance provider’s stock worth $6,331,000 after acquiring an additional 1,207 shares in the last quarter. Cetera Investment Advisers raised its stake in American International Group by 20.1% in the 1st quarter. Cetera Investment Advisers now owns 20,447 shares of the insurance provider’s stock valued at $1,283,000 after acquiring an additional 3,428 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in American International Group by 43.3% during the first quarter. Sequoia Financial Advisors LLC now owns 5,324 shares of the insurance provider’s stock worth $334,000 after purchasing an additional 1,608 shares during the period. 88.57% of the stock is owned by institutional investors.
American International Group Trading Up 0.9 %
Shares of AIG stock opened at $63.19 on Wednesday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $44.98 billion, a P/E ratio of 10.69, a P/E/G ratio of 0.91 and a beta of 1.11. American International Group has a 12-month low of $45.66 and a 12-month high of $64.88. The firm has a 50-day moving average price of $60.03 and a 200 day moving average price of $57.05.
American International Group (NYSE:AIG – Get Free Report) last released its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.21. American International Group had a return on equity of 9.28% and a net margin of 8.94%. The firm had revenue of $13.22 billion during the quarter, compared to analysts’ expectations of $12.28 billion. During the same period last year, the firm posted $1.19 EPS. Research analysts forecast that American International Group will post 6.73 earnings per share for the current fiscal year.
American International Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Thursday, September 14th. American International Group’s dividend payout ratio (DPR) is presently 24.37%.
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 General Insurance, and Life and Retirement segments. 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.
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