American International Group Target of Unusually High Options Trading (AIG)
American International Group Inc (NYSE:AIG) saw unusually large options trading on Thursday. Traders bought 6,697 put options on the company. This is an increase of approximately 161% compared to the average volume of 2,569 put options.
In other American International Group news, CEO Brian Duperreault acquired 80,000 shares of American International Group stock in a transaction on Thursday, May 18th. The shares were bought at an average price of $61.48 per share, with a total value of $4,918,400.00. Following the completion of the purchase, the chief executive officer now owns 80,000 shares in the company, valued at $4,918,400. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.04% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of American International Group during the fourth quarter worth about $531,208,000. FMR LLC increased its position in shares of American International Group by 67.3% in the fourth quarter. FMR LLC now owns 14,281,652 shares of the insurance provider’s stock worth $932,734,000 after buying an additional 5,745,079 shares in the last quarter. Paulson & CO. Inc. acquired a new position in shares of American International Group during the fourth quarter worth about $314,099,000. Russell Investments Group Ltd. acquired a new position in shares of American International Group during the fourth quarter worth about $140,778,000. Finally, Old Mutual Global Investors UK Ltd. increased its position in shares of American International Group by 450.2% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 2,166,582 shares of the insurance provider’s stock worth $135,259,000 after buying an additional 1,772,801 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors.
American International Group (NYSE:AIG) opened at 64.18 on Friday. The firm has a market cap of $59.42 billion, a price-to-earnings ratio of 130.45 and a beta of 1.32. American International Group has a 1-year low of $48.41 and a 1-year high of $67.47. The firm has a 50-day moving average price of $62.11 and a 200 day moving average price of $63.54.
American International Group (NYSE:AIG) last announced its earnings results on Wednesday, May 3rd. The insurance provider reported $1.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.25. The firm had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $11 billion. American International Group had a return on equity of 1.82% and a net margin of 0.66%. During the same period in the previous year, the business earned $0.65 EPS. Equities analysts predict that American International Group will post $5.05 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 28th. Stockholders of record on Wednesday, June 14th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Monday, June 12th. American International Group’s dividend payout ratio is 290.92%.
A number of equities analysts have commented on the company. TheStreet raised American International Group from a “c” rating to a “b-” rating in a research note on Wednesday, May 3rd. Credit Suisse Group AG set a $72.00 price objective on American International Group and gave the stock a “buy” rating in a research note on Thursday, March 2nd. Vetr raised American International Group from a “buy” rating to a “strong-buy” rating and set a $72.50 price objective on the stock in a research note on Tuesday, March 28th. Barclays PLC reaffirmed a “buy” rating and set a $74.00 price target on shares of American International Group in a research note on Monday, February 20th. Finally, JPMorgan Chase & Co. cut their price target on 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $64.58.
COPYRIGHT VIOLATION WARNING: This news story was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/06/11/american-international-group-target-of-unusually-high-options-trading-aig.html.
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.
Receive News & Ratings for American International Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American International Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.