American International Group Short Interest Down 13.6% in May (AIG)
Shares of American International Group (NYSE:AIG) were the recipient of a large decrease in short interest in the month of May. As of May 30th, there was short interest totalling 13,680,947 shares, a decrease of 13.6% from the May 15th total of 15,828,378 shares, ARN reports. Approximately 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 6,489,438 shares, the days-to-cover ratio is presently 2.1 days.
Several analysts have recently commented on the stock. Analysts at S&P Equity Research reiterated a “buy” rating on shares of American International Group in a research note on Wednesday, June 11th. Separately, analysts at Barclays raised their price target on shares of American International Group from $56.00 to $64.00 in a research note on Friday, June 6th. They now have an “overweight” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of American International Group in a research note on Thursday, May 29th. They now have a $58.00 price target on the stock, up previously from $55.00. Eight analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $56.50.
Shares of American International Group (NYSE:AIG) opened at 55.26 on Wednesday. American International Group has a one year low of $42.78 and a one year high of $56.00. The stock has a 50-day moving average of $53.97 and a 200-day moving average of $51.12. The company has a market cap of $79.942 billion and a P/E ratio of 9.71.
American International Group (NYSE:AIG) last posted its quarterly earnings results on Monday, May 5th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.16. The company had revenue of $8.23 billion for the quarter, compared to the consensus estimate of $9.35 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. Analysts expect that American International Group will post $4.43 EPS for the current fiscal year.
American International Group, Inc (NYSE:AIG) is a global insurance company.
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