Short Interest in American International Group, Inc. (NYSE:AIG) Grows By 23.3%

American International Group, Inc. (NYSE:AIG) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 16,230,000 shares, a growth of 23.3% from the February 28th total of 13,160,000 shares. Based on an average daily trading volume, of 4,770,000 shares, the days-to-cover ratio is presently 3.4 days. Approximately 2.8% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Evercore ISI increased their target price on shares of American International Group from $81.00 to $89.00 and gave the company an “in-line” rating in a research note on Tuesday. HSBC raised shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Wednesday, March 5th. Hsbc Global Res raised American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. The Goldman Sachs Group increased their price target on American International Group from $79.00 to $87.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, UBS Group dropped their price objective on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $86.00.

Insider Activity

In related news, Director John G. Rice purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $770,000. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of American International Group by 62.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 66,104 shares of the insurance provider’s stock worth $4,812,000 after purchasing an additional 25,458 shares in the last quarter. NorthCrest Asset Manangement LLC grew its stake in American International Group by 0.9% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 19,737 shares of the insurance provider’s stock worth $1,437,000 after buying an additional 169 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in American International Group during the 4th quarter valued at about $28,113,000. Integrated Advisors Network LLC raised its stake in American International Group by 1.0% in the fourth quarter. Integrated Advisors Network LLC now owns 16,316 shares of the insurance provider’s stock valued at $1,188,000 after buying an additional 161 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in American International Group in the fourth quarter worth about $29,000. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Down 0.3 %

AIG stock traded down $0.25 during trading on Tuesday, hitting $86.69. 6,705,636 shares of the company’s stock traded hands, compared to its average volume of 4,372,024. The business has a fifty day simple moving average of $79.00 and a two-hundred day simple 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 firm has a market capitalization of $51.43 billion, a P/E ratio of -41.68, a PEG ratio of 1.01 and a beta of 0.98. American International Group has a 1 year low of $69.00 and a 1 year high of $87.51.

American International Group (NYSE:AIG) last released its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate 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%. Sell-side analysts anticipate that American International Group will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Monday, March 17th. American International Group’s dividend payout ratio is currently -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.