American International Group Target of Unusually High Options Trading (AIG)
American International Group Inc (NYSE:AIG) saw unusually large options trading activity on Friday. Stock traders purchased 13,030 call options on the company. This represents an increase of approximately 202% compared to the typical volume of 4,316 call options.
AIG has been the topic of several analyst reports. Deutsche Bank AG lowered shares of American International Group from a “hold” rating to a “sell” rating and dropped their price target for the stock from $6.00 to $5.00 in a research note on Monday, March 13th. Wells Fargo & Co restated a “hold” rating on shares of American International Group in a research note on Friday, March 24th. JPMorgan Chase & Co. dropped their price target on shares of American International Group from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Monday, April 3rd. Vetr upgraded shares of American International Group from a “buy” rating to a “strong-buy” rating and set a $72.50 price target on the stock in a research note on Tuesday, March 28th. Finally, Barclays PLC restated a “buy” rating and set a $74.00 price target on shares of American International Group in a research note on Monday, February 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. American International Group has an average rating of “Buy” and an average target price of $64.58.
In other American International Group news, CEO Brian Duperreault purchased 80,000 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were bought at an average price of $61.48 per share, for a total transaction of $4,918,400.00. Following the purchase, the chief executive officer now directly owns 80,000 shares in the company, valued at approximately $4,918,400. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Philip Fasano sold 6,000 shares of the stock in a transaction on Monday, February 27th. The stock was sold at an average price of $63.59, for a total transaction of $381,540.00. The disclosure for this sale can be found here. 1.04% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Chicago Partners Investment Group LLC increased its position in 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 in the last quarter. Lyell Wealth Management LP increased its position in American International Group by 0.5% in the first quarter. Lyell Wealth Management LP now owns 3,588 shares of the insurance provider’s stock valued at $224,000 after buying an additional 19 shares in the last quarter. Welch & Forbes LLC increased its position in American International Group by 0.7% in the first quarter. Welch & Forbes LLC now owns 4,502 shares of the insurance provider’s stock valued at $281,000 after buying an additional 33 shares in the last quarter. Wetherby Asset Management Inc. increased its position in American International Group by 0.4% in the first quarter. Wetherby Asset Management Inc. now owns 16,042 shares of the insurance provider’s stock valued at $1,002,000 after buying an additional 62 shares in the last quarter. Finally, Roundview Capital LLC increased its position in American International Group by 0.8% in the fourth quarter. Roundview Capital LLC now owns 10,528 shares of the insurance provider’s stock valued at $688,000 after buying an additional 85 shares in the last quarter. 83.72% of the stock is currently owned by hedge funds and other institutional investors.
Shares of American International Group (NYSE:AIG) opened at 62.17 on Wednesday. The firm has a market capitalization of $57.56 billion, a price-to-earnings ratio of 126.36 and a beta of 1.32. The firm has a 50-day moving average of $61.08 and a 200 day moving average of $63.48. American International Group has a 52-week low of $48.41 and a 52-week high of $67.47.
American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, May 3rd. The insurance provider reported $1.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.25. American International Group had a net margin of 0.66% and a return on equity of 1.82%. The firm had revenue of $11.31 billion for the quarter, compared to analyst estimates of $11 billion. During the same period in the prior year, the firm posted $0.65 earnings per share. Analysts predict that American International Group will post $5.02 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 28th. Shareholders of record on Wednesday, June 14th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Monday, June 12th. American International Group’s dividend payout ratio (DPR) is currently 290.92%.
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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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