American International Group, Inc. (NYSE:AIG) Short Interest Down 8.2% in March

American International Group, Inc. (NYSE:AIG) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 7,850,000 shares, a decline of 8.2% from the March 15th total of 8,550,000 shares. Based on an average daily trading volume, of 3,950,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.2% of the company’s shares are short sold.

American International Group Stock Up 1.1 %

AIG traded up $0.77 on Tuesday, reaching $73.82. The company’s stock had a trading volume of 4,653,034 shares, compared to its average volume of 3,968,532. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.31 and a quick ratio of 0.31. American International Group has a 1 year low of $48.95 and a 1 year high of $78.95. The business’s 50 day moving average is $73.96 and its 200 day moving average is $68.27. The stock has a market cap of $50.27 billion, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 1.04 and a beta of 1.03.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, February 14th. The insurance provider reported $1.79 EPS for the quarter, beating the consensus estimate of $1.59 by $0.20. The company had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $11.61 billion. American International Group had a return on equity of 10.68% and a net margin of 7.78%. The business’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $1.36 EPS. As a group, research analysts forecast that American International Group will post 7.11 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.95%. American International Group’s dividend payout ratio (DPR) is presently 28.86%.

Wall Street Analysts Forecast Growth

AIG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of American International Group from $73.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Royal Bank of Canada boosted their price target on American International Group from $76.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. TD Cowen started coverage on American International Group in a report on Wednesday, January 10th. They issued a “market perform” rating and a $78.00 price objective on the stock. Evercore ISI lifted their price objective on American International Group from $74.00 to $80.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. Finally, BMO Capital Markets dropped their target price on shares of American International Group from $83.00 to $81.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.06.

Insider Transactions at American International Group

In other news, Director John C. Inglis bought 659 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were purchased at an average price of $75.39 per share, for a total transaction of $49,682.01. Following the completion of the transaction, the director now owns 659 shares in the company, valued at $49,682.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other American International Group news, Director John C. Inglis bought 659 shares of American International Group stock in a transaction that occurred on Thursday, March 14th. The shares were purchased at an average cost of $75.39 per share, for a total transaction of $49,682.01. Following the completion of the transaction, the director now owns 659 shares of the company’s stock, valued at approximately $49,682.01. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Peter Zaffino sold 333,000 shares of American International Group stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $75.87, for a total value of $25,264,710.00. Following the completion of the sale, the chief executive officer now owns 505,420 shares of the company’s stock, valued at approximately $38,346,215.40. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On American International Group

A number of hedge funds have recently bought and sold shares of AIG. Norges Bank acquired a new position in shares of American International Group in the 4th quarter worth approximately $736,063,000. Morgan Stanley increased its stake in American International Group by 55.1% during the fourth quarter. Morgan Stanley now owns 10,519,406 shares of the insurance provider’s stock valued at $665,247,000 after purchasing an additional 3,738,346 shares during the last quarter. Sessa Capital IM L.P. acquired a new stake in shares of American International Group during the first quarter worth $73,040,000. Deutsche Bank AG lifted its position in shares of American International Group by 58.1% in the 1st quarter. Deutsche Bank AG now owns 3,686,994 shares of the insurance provider’s stock worth $185,677,000 after buying an additional 1,354,652 shares during the last quarter. Finally, Steadfast Capital Management LP acquired a new position in shares of American International Group in the 1st quarter valued at about $57,511,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

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.