1 day Ago By ABMN Staff
American International Group, Inc. ( NYSE:AIG – Get Free Report ) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 8,850,000 shares, an increase of 8.
9% from the August 15th total of 8,130,000 shares. Approximately 1.4% of the shares of the stock are short sold.
Based on an average daily volume of 4,480,000 shares, the days-to-cover ratio is presently 2.0 days. Analyst Ratings Changes Several equities research analysts have commented on AIG shares.
Piper Sandler lowered their target price on shares of American International Group from $89.00 to $86.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd.
Barclays assumed coverage on shares of American International Group in a research note on Wednesday, September 4th. They set an “overweight” rating and a $90.00 price target for the company.
Keefe, Bruyette & Woods dropped their target price on American International Group from $96.00 to $90.00 and set an “outperform” rating on the stock in a report on Monday, August 12th.
Citigroup cut their price target on shares of American International Group from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd.
Finally, Wells Fargo & Company reduced their target price on American International Group from $79.00 to $77.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th.
One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $83.88.
Check Out Our Latest Report on American International Group Insider Buying and Selling at American International Group Institutional Inflows and Outflows Institutional investors have recently added to or reduced their stakes in the company. Forum Financial Management LP raised its stake in shares of American International Group by 1.1% in the second quarter.
Forum Financial Management LP now owns 12,173 shares of the insurance provider’s stock worth $904,000 after purchasing an additional 128 shares during the last quarter. Whittier Trust Co. of Nevada Inc.
increased its holdings in American International Group by 5.3% in the 1st quarter. Whittier Trust Co.
of Nevada Inc. now owns 2,691 shares of the insurance provider’s stock worth $210,000 after acquiring an additional 136 shares during the last quarter. Quent Capital LLC raised its position in shares of American International Group by 4.
0% in the second quarter. Quent Capital LLC now owns 3,834 shares of the insurance provider’s stock valued at $285,000 after purchasing an additional 146 shares during the period. New Republic Capital LLC raised its holdings in American International Group by 5.
2% during the 1st quarter. New Republic Capital LLC now owns 3,290 shares of the insurance provider’s stock valued at $257,000 after acquiring an additional 164 shares during the period. Finally, Avantax Advisory Services Inc.
lifted its holdings in American International Group by 2.8% during the 1st quarter. Avantax Advisory Services Inc.
now owns 6,106 shares of the insurance provider’s stock worth $477,000 after purchasing an additional 165 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.
American International Group Price Performance NYSE:AIG traded down $0.33 on Wednesday, hitting $73.27.
The company had a trading volume of 3,648,043 shares, compared to its average volume of 4,136,912. American International Group has a 52 week low of $57.72 and a 52 week high of $80.
83. The stock has a market capitalization of $48.63 billion, a price-to-earnings ratio of 10.
94, a PEG ratio of 3.60 and a beta of 1.06.
The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.
22. The firm has a 50 day moving average of $74.68 and a two-hundred day moving average of $75.
68. American International Group ( NYSE:AIG – Get Free Report ) last announced its earnings results on Wednesday, July 31st. The insurance provider reported $1.
16 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.14).
The company had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.64 billion.
American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%.
The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.
75 earnings per share. On average, research analysts anticipate that American International Group will post 5.24 earnings per share for the current year.
American International Group Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a dividend of $0.40 per share.
This represents a $1.60 annualized dividend and a yield of 2.18%.
The ex-dividend date is Monday, September 16th. American International Group’s dividend payout ratio is presently 23.88%.
American International Group Company Profile ( Get Free Report ) 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.
Recommended Stories Receive News & Ratings for American International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American International Group and related companies with MarketBeat.com's FREE daily email newsletter ..
