American International Group, Inc. (NYSE:AIG) Short Interest Down 22.1% in January

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Christopher J. Hasenberg Inc purchased a new position in American International Group in the third quarter valued at about $26,000. Asset Planning Inc purchased a new position in American International Group in the fourth quarter valued at about $26,000. True Wealth Design LLC purchased a new position in American International Group in the third quarter valued at about $29,000. Continuum Advisory LLC grew its stake in American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 207 shares in the last quarter. Finally, Fortitude Family Office LLC grew its stake in American International Group by 58.3% in the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. 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 research note on Wednesday, January 8th. UBS Group raised their price objective on American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Wells Fargo & Company raised their target price on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. BMO Capital Markets downgraded American International Group from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $90.00 to $84.00 in a report on Tuesday, October 15th. Finally, Jefferies Financial Group lifted their target price on American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $84.13.

American International Group Stock Down 2.5 %

Shares of AIG stock traded down $1.87 on Friday, reaching $73.55. 4,453,560 shares of the company’s stock traded hands, compared to its average volume of 3,624,084. American International Group has a 12-month low of $67.53 and a 12-month high of $80.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $45.88 billion, a P/E ratio of -21.70, a price-to-earnings-growth ratio of 5.94 and a beta of 1.06. The business’s 50 day moving average price is $73.74 and its two-hundred day moving average price is $74.61.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the previous year, the company posted $1.61 earnings per share. On average, equities analysts forecast that American International Group will post 4.89 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. Shareholders of record on Monday, December 16th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.18%. American International Group’s dividend payout ratio (DPR) is currently -47.20%.

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.