American International Group, Inc. (NYSE:AIG) was the target of some unusual options trading on Wednesday. Stock investors acquired 12,371 call options on the company. This is an increase of 249% compared to the average daily volume of 3,541 call options.

A number of equities research analysts have recently weighed in on AIG shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $71.00 price objective on shares of American International Group in a research note on Monday, April 24th. TheStreet raised American International Group from a “c” rating to a “b-” rating in a research note on Wednesday, May 3rd. Morgan Stanley raised American International Group from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $62.87 to $61.82 in a research note on Tuesday, May 16th. Zacks Investment Research raised American International Group from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research note on Wednesday, July 5th. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of American International Group in a research note on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. American International Group presently has a consensus rating of “Buy” and a consensus target price of $69.02.

Several large investors have recently added to or reduced their stakes in the stock. Pathstone Family Office LLC boosted its stake in American International Group by 2,557.1% in the second quarter. Pathstone Family Office LLC now owns 1,488 shares of the insurance provider’s stock worth $2,227,000 after buying an additional 1,432 shares during the period. Israel Discount Bank of New York purchased a new stake in shares of American International Group during the first quarter valued at approximately $145,000. Peddock Capital Advisors LLC boosted its stake in shares of American International Group by 100.0% in the second quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock valued at $159,000 after buying an additional 1,271 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of American International Group by 0.5% in the first quarter. Chicago Partners Investment Group LLC now owns 2,642 shares of the insurance provider’s stock valued at $165,000 after buying an additional 14 shares during the last quarter. Finally, FTB Advisors Inc. boosted its stake in shares of American International Group by 147.9% in the first quarter. FTB Advisors Inc. now owns 2,868 shares of the insurance provider’s stock valued at $176,000 after buying an additional 1,711 shares during the last quarter. 87.76% of the stock is currently owned by institutional investors.

Shares of American International Group (NYSE AIG) opened at 61.34 on Monday. The stock’s market capitalization is $55.41 billion. The firm’s 50-day moving average price is $63.93 and its 200 day moving average price is $62.98. American International Group has a 1-year low of $57.35 and a 1-year high of $67.47.

American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.33. The company had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $12.61 billion. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. During the same quarter in the previous year, the company posted $0.98 earnings per share. Analysts expect that American International Group will post $5.28 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.09%. American International Group’s dividend payout ratio (DPR) is presently -711.07%.

American International Group announced that its board has authorized a share buyback plan on Wednesday, May 3rd that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the insurance provider to reacquire up to 4.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

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About American International Group

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

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