Stock Traders Buy High Volume of Call Options on American International Group (NYSE:AIG)

American International Group, Inc. (NYSE:AIG - Get Free Report) saw unusually large options trading activity on Tuesday. Stock investors acquired 10,087 call options on the stock. This is an increase of approximately 53% compared to the average daily volume of 6,613 call options.

Insiders Place Their Bets

In other news, major shareholder International Group American sold 5,000,000 shares of the business's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $28.86, for a total value of $144,300,000.00. Following the transaction, the insider now owns 279,238,898 shares of the company's stock, valued at approximately $8,058,834,596.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AIG. Christopher J. Hasenberg Inc purchased a new stake in American International Group in the 3rd quarter valued at $26,000. Fortitude Family Office LLC raised its stake in American International Group by 199.2% during the second quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider's stock worth $27,000 after purchasing an additional 239 shares during the period. Y.D. More Investments Ltd acquired a new position in American International Group in the 2nd quarter valued at about $27,000. Versant Capital Management Inc grew its stake in shares of American International Group by 326.0% in the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider's stock valued at $33,000 after buying an additional 339 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of American International Group during the 3rd quarter worth approximately $46,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Price Performance

Shares of AIG stock traded down $0.94 on Tuesday, reaching $75.39. 6,642,052 shares of the company were exchanged, compared to its average volume of 4,091,298. The company has a market cap of $48.55 billion, a price-to-earnings ratio of -59.61, a P/E/G ratio of 5.21 and a beta of 1.05. American International Group has a 1 year low of $62.52 and a 1 year high of $80.83. The business has a 50-day moving average price of $75.13 and a 200 day moving average price of $75.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.67 and a current ratio of 0.67.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.10 by $0.13. The firm had revenue of $6.75 billion during the quarter, compared to analysts' expectations of $6.62 billion. American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. During the same period in the previous year, the business earned $1.61 earnings per share. Equities research analysts forecast that American International Group will post 4.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Citigroup reduced their target price on American International Group from $89.00 to $87.00 and set a "buy" rating on the stock in a research note on Tuesday, July 23rd. BMO Capital Markets lowered American International Group from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $90.00 to $84.00 in a report on Tuesday, October 15th. UBS Group raised their price objective on American International Group from $84.00 to $88.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. Morgan Stanley dropped their price target on American International Group from $82.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 10th. Finally, TD Cowen dropped their target price on shares of American International Group from $83.00 to $80.00 and set a "hold" rating on the stock in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, American International Group currently has an average rating of "Hold" and a consensus price target of $84.38.

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.