American International Group, Inc. (NYSE:AIG) Sees Significant Decrease in Short Interest

American International Group, Inc. (NYSE:AIG) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 7,606,942 shares, a decline of 28.3% from the December 31st total of 10,614,738 shares. Based on an average trading volume of 7,915,806 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.4% of the company’s shares are short sold. Currently, 1.4% of the company’s shares are short sold. Based on an average trading volume of 7,915,806 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AIG. Vanguard Group Inc. lifted its position in shares of American International Group by 11.6% during the 3rd quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock worth $5,378,635,000 after buying an additional 7,117,583 shares in the last quarter. Capital Research Global Investors increased its position in shares of American International Group by 79.6% during the third quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock valued at $2,241,091,000 after acquiring an additional 12,645,616 shares during the last quarter. Wellington Management Group LLP lifted its holdings in American International Group by 7.9% during the third quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock worth $2,045,657,000 after acquiring an additional 1,899,203 shares during the period. Franklin Resources Inc. grew its stake in American International Group by 6.1% in the 2nd quarter. Franklin Resources Inc. now owns 12,536,144 shares of the insurance provider’s stock valued at $1,072,969,000 after purchasing an additional 716,209 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its position in shares of American International Group by 4.3% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 12,111,405 shares of the insurance provider’s stock valued at $951,230,000 after purchasing an additional 499,330 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AIG. Cantor Fitzgerald dropped their price target on shares of American International Group from $80.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Evercore ISI cut their target price on American International Group from $90.00 to $85.00 in a report on Friday, January 23rd. Wall Street Zen lowered American International Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Mizuho lowered their price objective on American International Group from $84.00 to $83.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American International Group in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.42.

American International Group Stock Up 0.7%

Shares of American International Group stock opened at $74.85 on Friday. The stock’s 50-day moving average is $78.90 and its 200 day moving average is $79.13. American International Group has a one year low of $71.25 and a one year high of $88.07. The firm has a market cap of $40.39 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 0.56 and a beta of 0.62. 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 (NYSE:AIG) last released its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.63. American International Group had a net margin of 11.89% and a return on equity of 9.09%. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the prior year, the firm earned $1.23 EPS. Equities research analysts anticipate that American International Group will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, December 16th. American International Group’s dividend payout ratio is presently 32.73%.

About American International Group

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.