Short Interest in American International Group, Inc. (NYSE:AIG) Drops By 29.5%

American International Group, Inc. (NYSE:AIG - Get Free Report) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 11,440,000 shares, a decrease of 29.5% from the March 15th total of 16,230,000 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average daily volume of 5,300,000 shares, the short-interest ratio is currently 2.2 days.

American International Group Trading Up 0.0 %

Shares of NYSE AIG traded up $0.03 during trading hours on Wednesday, hitting $81.67. 3,086,057 shares of the company traded hands, compared to its average volume of 4,467,002. The stock has a market capitalization of $48.64 billion, a price-to-earnings ratio of -39.27, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. The company's 50 day moving average price is $81.37 and its 200 day moving average price is $77.08. American International Group has a 12 month low of $69.00 and a 12 month high of $88.07. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG - Get Free Report) last released its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) 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%. On average, equities research analysts anticipate that American International Group will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.40 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.96%. American International Group's payout ratio is -76.92%.

Insider Transactions at American International Group

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

Institutional Investors Weigh In On American International Group

A number of institutional investors and hedge funds have recently modified their holdings of AIG. Duncker Streett & Co. Inc. purchased a new stake in shares of American International Group during the fourth quarter valued at $25,000. Asset Planning Inc purchased a new stake in American International Group in the 4th quarter valued at about $26,000. Ameriflex Group Inc. purchased a new stake in American International Group in the 4th quarter valued at about $29,000. BankPlus Trust Department bought a new position in American International Group in the 4th quarter worth about $36,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of American International Group during the fourth quarter worth approximately $40,000. 90.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AIG. Deutsche Bank Aktiengesellschaft boosted their price objective on American International Group to $91.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Morgan Stanley increased their price objective on shares of American International Group from $76.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Friday, April 4th. Wells Fargo & Company lowered their target price on shares of American International Group from $82.00 to $81.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. The Goldman Sachs Group increased their price target on American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. Finally, Evercore ISI raised their price target on American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a report on Tuesday, April 1st. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $87.65.

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.