American International Group, Inc. (NYSE:AIG) Short Interest Up 26.9% in February

American International Group, Inc. (NYSE:AIG) was the recipient of 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. Based on an average daily volume of 4,450,000 shares, the short-interest ratio is presently 3.0 days. Currently, 2.2% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group reduced their target price on shares of American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reduced their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. HSBC upgraded shares of 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. The Goldman Sachs Group restated a “neutral” rating and set a $79.00 price objective (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods increased 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. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, American International Group has an average rating of “Moderate Buy” and an average target price of $84.31.

Insider Buying and Selling

In related news, Director John G. Rice bought 10,000 shares of American International Group stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost of $77.00 per share, with a total value of $770,000.00. Following the purchase, the director now owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AIG. Norges Bank bought a new position in American International Group in the 4th quarter valued at about $718,013,000. Wellington Management Group LLP increased its holdings in shares of American International Group by 32.4% during the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock worth $1,831,727,000 after purchasing an additional 6,119,996 shares during the period. Balyasny Asset Management L.P. bought a new position in shares of American International Group during the fourth quarter worth approximately $135,325,000. Prana Capital Management LP increased its holdings in shares of American International Group by 280.5% during the third quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock worth $138,264,000 after purchasing an additional 1,391,859 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of American International Group by 2,134.0% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,426,985 shares of the insurance provider’s stock worth $103,885,000 after purchasing an additional 1,363,108 shares during the period. 90.60% of the stock is owned by institutional investors.

American International Group Stock Up 0.1 %

Shares of AIG stock opened at $84.01 on Wednesday. The stock has a market cap of $49.85 billion, a price-to-earnings ratio of -40.39, a PEG ratio of 1.01 and a beta of 0.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. American International Group has a 52-week low of $69.00 and a 52-week high of $84.99. The firm’s 50-day moving average is $76.71 and its 200-day moving average is $75.41.

American International Group (NYSE:AIG) last released its quarterly earnings results 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 negative net margin of 4.25% and a positive return on equity of 8.01%. Sell-side analysts predict that American International Group will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.90%. American International Group’s dividend payout ratio is currently -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.