Investors Buy Large Volume of Call Options on American International Group (NYSE:AIG)

American International Group, Inc. (NYSE:AIG) was the target of unusually large options trading activity on Friday. Traders purchased 27,879 call options on the company. This is an increase of 552% compared to the average daily volume of 4,275 call options.

Insider Transactions at American International Group

In other American International Group news, Director John G. Rice acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $770,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in American International Group during the 4th quarter worth about $28,113,000. Integrated Advisors Network LLC raised its holdings in American International Group by 1.0% during the 4th quarter. Integrated Advisors Network LLC now owns 16,316 shares of the insurance provider’s stock worth $1,188,000 after purchasing an additional 161 shares during the last quarter. Ameriflex Group Inc. bought a new stake in American International Group during the 4th quarter worth about $29,000. Challenger Wealth Management bought a new stake in American International Group during the 4th quarter worth about $269,000. Finally, AlphaCore Capital LLC raised its holdings in American International Group by 11.8% during the 4th quarter. AlphaCore Capital LLC now owns 12,349 shares of the insurance provider’s stock worth $899,000 after purchasing an additional 1,300 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AIG shares. Wells Fargo & Company raised their price objective on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods raised 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, February 14th. Morgan Stanley raised their price objective on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. HSBC upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research note on Wednesday, March 5th. Finally, Hsbc Global Res upgraded shares of American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.31.

American International Group Stock Performance

American International Group stock opened at $83.37 on Friday. The stock has a 50-day simple moving average of $76.25 and a 200 day simple moving average of $75.31. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group has a 12-month low of $69.00 and a 12-month high of $83.77. The stock has a market capitalization of $49.47 billion, a price-to-earnings ratio of -40.08, a P/E/G ratio of 1.01 and a beta of 0.98.

American International Group (NYSE:AIG) last released its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. On average, 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 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 dividend on an annualized basis and a dividend yield of 1.92%. American International Group’s dividend payout ratio is -76.92%.

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.