Short Interest in American International Group, Inc. (NYSE:AIG) Declines By 25.4%

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. Approximately 2.0% of the company’s shares are sold short. Based on an average trading volume of 3,775,297 shares, the days-to-cover ratio is currently 2.8 days. Based on an average trading volume of 3,775,297 shares, the days-to-cover ratio is currently 2.8 days. Approximately 2.0% of the company’s shares are sold short.

Institutional Investors Weigh In On American International Group

Hedge funds have recently made changes to their positions in the stock. Capital Research Global Investors raised its holdings in American International Group by 79.6% in the third quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock worth $2,241,091,000 after purchasing an additional 12,645,616 shares in the last quarter. Norges Bank bought a new position in shares of American International Group during the 2nd quarter worth approximately $787,724,000. Vanguard Group Inc. lifted its position in American International Group by 11.6% during the third quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock valued at $5,378,635,000 after acquiring an additional 7,117,583 shares during the last quarter. Wellington Management Group LLP boosted its stake in American International Group by 7.9% in the third quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock valued at $2,045,657,000 after acquiring an additional 1,899,203 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in American International Group by 22.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock worth $805,529,000 after purchasing an additional 1,846,979 shares during the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Stock Down 1.6%

NYSE:AIG traded down $1.18 during mid-day trading on Friday, reaching $72.85. The company’s stock had a trading volume of 5,744,556 shares, compared to its average volume of 5,116,293. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.22. American International Group has a 1 year low of $71.74 and a 1 year high of $88.07. The stock has a fifty day moving average of $79.63 and a 200-day moving average of $79.80. The firm has a market capitalization of $39.31 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 0.71 and a beta of 0.62.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, beating the consensus estimate 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 business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the previous year, the business posted $1.23 EPS. Equities research analysts forecast that American International Group will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, December 16th. American International Group’s dividend payout ratio (DPR) is 32.73%.

Analysts Set New Price Targets

AIG has been the subject of several recent analyst reports. Royal Bank Of Canada began coverage on American International Group in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $85.00 target price for the company. Cantor Fitzgerald cut their price objective on American International Group from $80.00 to $77.00 and set a “neutral” rating on the stock in a research report on Wednesday. Jefferies Financial Group lifted their target price on American International Group from $96.00 to $101.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. TD Cowen upped their price target on shares of American International Group from $86.00 to $90.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. Finally, Mizuho reduced their price target on shares of American International Group from $84.00 to $83.00 and set a “neutral” rating on the stock in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.