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

American International Group, Inc. (NYSE:AIG - Get Free Report) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 13,160,000 shares, an increase of 26.9% from the February 13th total of 10,370,000 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average daily volume of 4,450,000 shares, the days-to-cover ratio is presently 3.0 days.

Insider Transactions at American International Group

In other news, Director John G. Rice acquired 10,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now owns 10,000 shares of the company's stock, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.61% of the company's stock.

Institutional Trading of American International Group

A number of institutional investors have recently bought and sold shares of the business. Duncker Streett & Co. Inc. bought a new position in shares of American International Group in the 4th quarter worth $25,000. Asset Planning Inc acquired a new position in American International Group in the fourth quarter valued at about $26,000. True Wealth Design LLC bought a new position in American International Group during the third quarter worth about $29,000. Ameriflex Group Inc. acquired a new position in shares of American International Group during the 4th quarter worth about $29,000. Finally, BankPlus Trust Department bought a new stake in shares of American International Group in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 90.60% of the company's stock.

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American International Group Trading Down 0.8 %

Shares of NYSE AIG traded down $0.68 during midday trading on Friday, hitting $83.03. The stock had a trading volume of 15,926,361 shares, compared to its average volume of 4,111,609. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. American International Group has a fifty-two week low of $69.00 and a fifty-two week high of $84.99. The firm has a market cap of $49.27 billion, a P/E ratio of -39.92, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The company's 50-day simple moving average is $77.20 and its 200 day simple moving average is $75.52.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. Research analysts anticipate that American International Group will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.93%. American International Group's dividend payout ratio is currently -76.92%.

Wall Street Analysts Forecast Growth

AIG has been the subject of a number of recent research reports. The Goldman Sachs Group restated a "neutral" rating and issued a $79.00 price objective (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Morgan Stanley upped their price objective on American International Group from $75.00 to $76.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. cut their target price on American International Group from $89.00 to $83.00 and set an "overweight" rating for the company in a research report on Friday, January 3rd. UBS Group lowered their price target on American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Finally, HSBC upgraded American International Group from a "hold" rating to a "buy" rating and set a $93.00 price objective for the company in a research note on Wednesday, March 5th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $84.31.

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.