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 in 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 trading 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.

Institutional Investors Weigh In On American International Group

A number of hedge funds and other institutional investors have recently bought and sold shares of AIG. Christopher J. Hasenberg Inc purchased a new position in shares of American International Group in the third quarter valued at $26,000. True Wealth Design LLC purchased a new position in American International Group during the 3rd quarter valued at about $29,000. Fortitude Family Office LLC increased its position in shares of American International Group by 58.3% during the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after buying an additional 210 shares during the period. Continuum Advisory LLC lifted its holdings in shares of American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after buying an additional 207 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of American International Group in the third quarter valued at approximately $46,000. Institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

AIG has been the topic of several research analyst reports. Bank of America upped their target price on American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $79.00 price objective (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Evercore ISI cut their target price on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 9th. UBS Group lifted their price target on shares of American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. cut their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $84.13.

American International Group Stock Performance

Shares of NYSE AIG traded up $0.22 during midday trading on Thursday, reaching $75.63. The company’s stock had a trading volume of 445,030 shares, compared to its average volume of 3,827,711. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $47.17 billion, a P/E ratio of -22.32, a PEG ratio of 5.89 and a beta of 1.06. The firm has a 50 day moving average price of $73.81 and a 200-day moving average price of $74.64. American International Group has a 12-month low of $67.53 and a 12-month high of $80.83.

American International Group (NYSE:AIG) last issued its quarterly 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 negative net margin of 6.19% and a positive return on equity of 8.63%. The company had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same quarter last year, the business posted $1.61 EPS. As a group, equities analysts predict that American International Group will post 4.89 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Monday, December 16th. American International Group’s dividend payout ratio (DPR) is presently -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.