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

American International Group, Inc. (NYSE:AIG) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 9,370,000 shares, a decline of 8.4% from the September 30th total of 10,230,000 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average daily trading volume, of 4,030,000 shares, the short-interest ratio is presently 2.3 days.

American International Group Stock Down 1.2 %

AIG opened at $75.88 on Friday. American International Group has a 1-year low of $60.82 and a 1-year high of $80.83. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $48.86 billion, a price-to-earnings ratio of -58.82, a P/E/G ratio of 3.88 and a beta of 1.06. The business has a 50 day moving average of $75.08 and a 200-day moving average of $75.56.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.14). American International Group had a negative net margin of 1.54% and a positive return on equity of 9.52%. The business had revenue of $1.00 million during the quarter, compared to the consensus estimate of $11.64 billion. During the same period in the prior year, the company posted $1.75 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts anticipate that American International Group will post 5.09 earnings per share for the current year.

Insiders Place Their Bets

In other American International Group news, major shareholder International Group American sold 8,032,129 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $24.90, for a total transaction of $200,000,012.10. Following the sale, the insider now owns 284,238,898 shares in the company, valued at approximately $7,077,548,560.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On American International Group

Hedge funds have recently modified their holdings of the business. Christopher J. Hasenberg Inc bought a new stake in shares of American International Group in the third quarter valued at approximately $26,000. Y.D. More Investments Ltd acquired a new position in shares of American International Group in the second quarter valued at $27,000. Fortitude Family Office LLC raised its stake in shares of American International Group by 199.2% in the second quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 239 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of American International Group by 326.0% in the second quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 339 shares in the last quarter. Finally, NBC Securities Inc. raised its stake in shares of American International Group by 241.6% in the third quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 476 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on AIG. Bank of America boosted their price target on American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 price target on shares of American International Group in a research note on Tuesday, July 9th. Wells Fargo & Company lowered their price target on American International Group from $79.00 to $77.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. UBS Group boosted their price target on American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, Morgan Stanley decreased their target price on American International Group from $82.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $84.38.

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.