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.

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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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