Investors Sell Shares of American International Group Inc. (AIG) on Strength (AIG)
Traders sold shares of American International Group Inc. (NYSE:AIG) on strength during trading on Thursday. $36.19 million flowed into the stock on the tick-up and $107.02 million flowed out of the stock on the tick-down, for a money net flow of $70.83 million out of the stock. Of all companies tracked, American International Group had the 0th highest net out-flow for the day. American International Group traded up $0.19 for the day and closed at $59.83
A number of research analysts have recently issued reports on AIG shares. Evercore ISI started coverage on American International Group in a research note on Wednesday, July 6th. They set a “buy” rating and a $62.00 price objective on the stock. Vetr cut American International Group from a “buy” rating to a “hold” rating and set a $55.52 target price on the stock. in a research note on Monday, July 18th. Wells Fargo & Co. raised American International Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 26th. FBR & Co reissued a “hold” rating and issued a $53.00 target price on shares of American International Group in a research note on Thursday, August 4th. Finally, BMO Capital Markets raised their target price on American International Group from $58.86 to $64.00 and gave the stock a “market perform” rating in a research note on Monday, August 22nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. American International Group currently has an average rating of “Buy” and a consensus target price of $64.75.
The stock’s 50 day moving average price is $57.28 and its 200 day moving average price is $54.96. The firm’s market capitalization is $63.61 billion.
American International Group (NYSE:AIG) last released its quarterly earnings data on Tuesday, August 2nd. The insurance provider reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.05. During the same quarter in the prior year, the company earned $1.39 EPS. On average, analysts forecast that American International Group Inc. will post $4.04 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.15%.
An institutional investor recently raised its position in American International Group stock. Schwab Charles Investment Management Inc. raised its position in shares of American International Group Inc. (NYSE:AIG) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,513,896 shares of the insurance provider’s stock after buying an additional 102,055 shares during the period. Schwab Charles Investment Management Inc. owned 0.28% of American International Group worth $217,757,000 as of its most recent SEC filing.
American International Group, Inc (AIG) is an insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in over 100 countries and jurisdictions. The Company operates through two segments: Commercial Insurance and Consumer Insurance, as well as a Corporate and Other category.
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