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

American International Group, Inc. (NYSE:AIG) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 8,090,000 shares, a drop of 22.1% from the December 15th total of 10,380,000 shares. Based on an average daily volume of 4,000,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 1.3% of the company’s shares are short sold.

American International Group Trading Up 1.4 %

NYSE:AIG traded up $1.05 during trading hours on Thursday, hitting $74.12. The company had a trading volume of 1,314,514 shares, compared to its average volume of 4,035,947. The company has a market cap of $46.23 billion, a P/E ratio of -21.86, a P/E/G ratio of 5.51 and a beta of 1.06. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group has a 1 year low of $66.06 and a 1 year high of $80.83. The company has a 50-day moving average of $74.02 and a 200 day moving average of $74.68.

American International Group (NYSE:AIG) last posted its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the prior year, the company earned $1.61 EPS. Sell-side analysts expect that American International Group will post 4.91 earnings per share for the current year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.16%. The ex-dividend date was Monday, December 16th. American International Group’s payout ratio is -47.20%.

Institutional Investors Weigh In On American International Group

A number of hedge funds have recently bought and sold shares of the stock. EagleClaw Capital Managment LLC raised its position in American International Group by 0.5% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock valued at $2,225,000 after purchasing an additional 150 shares in the last quarter. Independent Advisor Alliance raised its position in American International Group by 1.6% in the 3rd quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider’s stock valued at $761,000 after purchasing an additional 161 shares in the last quarter. Graypoint LLC raised its position in American International Group by 2.0% in the 3rd quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock valued at $635,000 after purchasing an additional 167 shares in the last quarter. Commerce Bank raised its position in American International Group by 1.0% in the 3rd quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock valued at $1,262,000 after purchasing an additional 172 shares in the last quarter. Finally, Stablepoint Partners LLC raised its position in American International Group by 1.0% in the 3rd quarter. Stablepoint Partners LLC now owns 17,149 shares of the insurance provider’s stock valued at $1,256,000 after purchasing an additional 173 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AIG. BMO Capital Markets downgraded American International Group from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $90.00 to $84.00 in a research report on Tuesday, October 15th. Jefferies Financial Group lifted their target price on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Bank of America boosted their price target on American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $79.00 price target (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $84.13.

About American International Group

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.