Investors Buy High Volume of American International Group Call Options (AIG)
Shares of American International Group (NYSE:AIG) was the target of unusually large options trading on Wednesday. Stock traders purchased 41,314 call options on the stock, American Banking & Market News reports. This represents an increase of approximately 157% compared to the typical daily volume of 16,096 call options.
A number of research firms have recently commented on AIG. Analysts at Zacks reiterated a “neutral” rating on shares of American International Group in a research note to investors on Friday, September 27th. They now have a $52.00 price target on the stock. Separately, analysts at Guggenheim initiated coverage on shares of American International Group in a research note to investors on Wednesday, September 18th. They set a “neutral” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of American International Group in a research note to investors on Monday, August 12th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $50.32.
Shares of American International Group (NYSE:AIG) traded up 2.48% during mid-day trading on Wednesday, hitting $51.26. 9,334,541 shares of the company’s stock traded hands. American International Group has a 52-week low of $30.64 and a 52-week high of $50.99. The stock’s 50-day moving average is $48.91 and its 200-day moving average is $45.5. The company has a market cap of $75.678 billion and a P/E ratio of 26.88.
American International Group (NYSE:AIG) last posted its quarterly earnings results on Thursday, August 1st. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.26. During the same quarter in the previous year, the company posted $1.06 earnings per share. On average, analysts predict that American International Group will post $4.30 earnings per share for the current fiscal year.
American International Group, Inc (NYSE:AIG) is a global insurance company.
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