American International Group, Inc. (NYSE:AIG) Sees Large Drop in Short Interest

American International Group, Inc. (NYSE:AIG - Get Free Report) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totalling 8,090,000 shares, a decline of 22.1% from the December 15th total of 10,380,000 shares. Based on an average trading volume of 4,000,000 shares, the short-interest ratio is presently 2.0 days. Currently, 1.3% of the shares of the company are sold short.

Institutional Investors Weigh In On American International Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Christopher J. Hasenberg Inc purchased a new position in shares of American International Group during the third quarter valued at approximately $26,000. True Wealth Design LLC acquired a new position in American International Group in the 3rd quarter valued at $29,000. Fortitude Family Office LLC lifted its stake in shares of American International Group by 58.3% during the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock worth $41,000 after purchasing an additional 210 shares during the period. Continuum Advisory LLC boosted its holdings in shares of American International Group by 60.7% during the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider's stock worth $42,000 after purchasing an additional 207 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of American International Group in the third quarter valued at $46,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AIG has been the subject of several analyst reports. Bank of America increased their price target on shares of American International Group from $82.00 to $86.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. Evercore ISI cut their target price on American International Group from $79.00 to $78.00 and set an "in-line" rating for the company in a research note on Wednesday, October 9th. BMO Capital Markets cut American International Group from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $90.00 to $84.00 in a report on Tuesday, October 15th. Wells Fargo & Company increased their price objective on American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Finally, StockNews.com upgraded shares of American International Group from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $84.13.

American International Group Price Performance

Shares of AIG traded up $0.45 during mid-day trading on Friday, reaching $75.06. 4,869,411 shares of the company's stock were exchanged, compared to its average volume of 4,430,456. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group has a 52-week low of $66.06 and a 52-week high of $80.83. The company has a market cap of $46.82 billion, a price-to-earnings ratio of -22.14, a PEG ratio of 5.51 and a beta of 1.06. The company has a 50-day simple moving average of $73.90 and a two-hundred day simple moving average of $74.67.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter last year, the business posted $1.61 earnings per share. On average, sell-side analysts predict that American International Group will post 4.91 EPS for the current fiscal 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 issued 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 2.13%. American International Group's dividend payout ratio (DPR) is -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.