Traders Sell American International Group Inc. (AIG) on Strength (AIG)
Traders sold shares of American International Group Inc. (NYSE:AIG) on strength during trading hours on Thursday. $19.86 million flowed into the stock on the tick-up and $52.84 million flowed out of the stock on the tick-down, for a money net flow of $32.98 million out of the stock. Of all stocks tracked, American International Group had the 0th highest net out-flow for the day. American International Group traded up $0.03 for the day and closed at $58.94
Several analysts recently issued reports on the company. Sanford C. Bernstein reiterated a “buy” rating on shares of American International Group in a report on Tuesday, May 3rd. Citigroup Inc. reiterated a “buy” rating on shares of American International Group in a report on Tuesday, May 3rd. Vetr lowered American International Group from a “hold” rating to a “sell” rating and set a $55.52 target price on the stock. in a report on Wednesday, August 3rd. BTIG Research reiterated an “outperform” rating and set a $75.00 target price on shares of American International Group in a report on Thursday, May 5th. Finally, Goldman Sachs Group Inc. restated a “buy” rating and issued a $66.00 price objective on shares of American International Group in a research note on Thursday, May 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $64.75.
The stock has a 50-day moving average of $56.60 and a 200 day moving average of $54.75. The company’s market capitalization is $63.19 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 for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. During the same quarter in the previous year, the business earned $1.39 earnings per share. On average, equities research analysts anticipate 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. Investors of record on Thursday, September 15th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.17%.
A hedge fund recently raised its stake 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 disclosure with the Securities and Exchange Commission (SEC). The firm 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 about 0.28% of American International Group worth $217,757,000 as of its most recent filing with the SEC.
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.