American International Group, Inc. (NYSE:AIG) Short Interest Update

American International Group, Inc. (NYSE:AIG) saw 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. Based on an average trading volume of 4,120,000 shares, the short-interest ratio is presently 2.3 days. Currently, 1.6% of the shares of the company are short sold.

American International Group Stock Down 3.1 %

NYSE AIG opened at $74.01 on Tuesday. 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 business has a fifty day moving average price of $73.45 and a 200 day moving average price of $74.40. The company has a market cap of $46.16 billion, a P/E ratio of -21.90, a P/E/G ratio of 5.87 and a beta of 1.05. American International Group has a one year low of $68.04 and a one year high of $80.83.

American International Group (NYSE:AIG) last released its quarterly earnings results 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%. Research analysts anticipate that American International Group will post 4.89 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio is currently -47.20%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reiterated 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. Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 target price on shares of American International Group in a report on Wednesday, November 6th. Wells Fargo & Company lifted their price objective on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods lifted their price objective on shares of American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, American International Group has an average rating of “Hold” and an average target price of $83.94.

Institutional Investors Weigh In On American International Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atlanta Consulting Group Advisors LLC purchased a new stake in American International Group in the third quarter valued at approximately $494,000. Artemis Investment Management LLP grew its holdings in American International Group by 115.9% in the fourth quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock valued at $19,965,000 after purchasing an additional 147,235 shares during the last quarter. Beacon Investment Advisory Services Inc. grew its holdings in American International Group by 5.2% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock valued at $5,155,000 after purchasing an additional 3,490 shares during the last quarter. Merit Financial Group LLC purchased a new stake in shares of American International Group in the fourth quarter valued at $1,260,000. Finally, Williams & Novak LLC purchased a new position in American International Group during the fourth quarter worth about $279,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

About American International Group

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.