American International Group, Inc. (NYSE:AIG) Sees Significant Increase in Short Interest

American International Group, Inc. (NYSE:AIG) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 9,670,000 shares, an increase of 8.7% from the January 15th total of 8,900,000 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average trading volume of 4,120,000 shares, the short-interest ratio is currently 2.3 days.

American International Group Price Performance

AIG stock opened at $74.27 on Tuesday. The firm has a 50 day moving average price of $73.45 and a 200-day moving average price of $74.40. American International Group has a 52-week low of $68.04 and a 52-week high of $80.83. The firm has a market capitalization of $46.33 billion, a price-to-earnings ratio of -21.91, a PEG ratio of 5.87 and a beta of 1.05. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. Equities research analysts forecast that American International Group will post 4.89 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AIG. Keefe, Bruyette & Woods raised their target price on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Friday. JPMorgan Chase & Co. dropped their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. The Goldman Sachs Group reissued a “neutral” rating and issued a $79.00 price objective (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Morgan Stanley upped their target price on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $87.00 price objective on shares of American International Group in a report on Wednesday, November 6th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, American International Group has an average rating of “Hold” and a consensus target price of $84.06.

Institutional Investors Weigh In On American International Group

A number of hedge funds have recently modified their holdings of the business. Snowden Capital Advisors LLC grew its position in shares of American International Group by 1.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 10,564 shares of the insurance provider’s stock valued at $769,000 after acquiring an additional 146 shares during the period. Catalina Capital Group LLC raised its position in shares of American International Group by 5.1% during the 4th quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock valued at $222,000 after buying an additional 148 shares in the last quarter. EagleClaw Capital Managment LLC raised its position in shares of American International Group by 0.5% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock valued at $2,225,000 after buying an additional 150 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC raised its position in shares of American International Group by 1.8% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 8,799 shares of the insurance provider’s stock valued at $641,000 after buying an additional 152 shares in the last quarter. Finally, Pitcairn Co. raised its position in American International Group by 2.2% in the 4th quarter. Pitcairn Co. now owns 7,368 shares of the insurance provider’s stock worth $536,000 after purchasing an additional 158 shares during the period. Institutional investors own 90.60% of the company’s stock.

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.