American International Group, Inc. (NYSE:AIG) Sees Large Decline in Short Interest

American International Group, Inc. (NYSE:AIG) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 10,614,738 shares, a drop of 25.4% from the December 15th total of 14,221,251 shares. Currently, 2.0% of the shares of the company are sold short. Based on an average daily trading volume, of 3,775,297 shares, the days-to-cover ratio is currently 2.8 days. Based on an average daily trading volume, of 3,775,297 shares, the days-to-cover ratio is currently 2.8 days. Currently, 2.0% of the shares of the company are sold short.

American International Group Trading Down 1.6%

Shares of American International Group stock traded down $1.18 on Friday, hitting $72.85. 5,744,556 shares of the company’s stock traded hands, compared to its average volume of 5,116,293. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.32 and a quick ratio of 1.32. American International Group has a one year low of $71.74 and a one year high of $88.07. The company has a fifty day moving average of $79.63 and a two-hundred day moving average of $79.74. The company has a market capitalization of $39.31 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 0.70 and a beta of 0.62.

American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.63. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.82 billion. American International Group had a return on equity of 9.09% and a net margin of 11.89%.During the same quarter in the previous year, the business earned $1.23 EPS. As a group, sell-side analysts expect that American International Group will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th were issued a $0.45 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.5%. American International Group’s payout ratio is currently 32.73%.

Institutional Trading of American International Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Westfuller Advisors LLC bought a new position in shares of American International Group during the 3rd quarter valued at about $26,000. Atlantic Union Bankshares Corp grew its stake in shares of American International Group by 7,100.0% during the third quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock valued at $28,000 after buying an additional 355 shares during the last quarter. Eastern Bank lifted its position in shares of American International Group by 2,473.3% during the third quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 371 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in American International Group in the 2nd quarter worth about $32,000. Finally, GFG Capital LLC purchased a new stake in shares of American International Group in the 2nd quarter worth $33,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AIG has been the subject of a number of analyst reports. TD Cowen lifted their price objective on American International Group from $86.00 to $90.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. Piper Sandler boosted their price target on shares of American International Group from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, December 22nd. Wall Street Zen lowered American International Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Bank of America dropped their price target on American International Group from $89.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Keefe, Bruyette & Woods lifted their price target on American International Group from $91.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat.com, American International Group presently has a consensus rating of “Hold” and a consensus target price of $87.68.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.