American International Group, Inc. (NYSE:AIG) was the recipient of unusually large options trading activity on Tuesday. Investors acquired 13,582 call options on the company. This is an increase of 210% compared to the typical volume of 4,381 call options.

A number of analysts recently weighed in on AIG shares. TheStreet raised shares of American International Group from a “c” rating to a “b-” rating in a research report on Wednesday, May 3rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $71.00 price objective on shares of American International Group in a report on Monday, March 20th. Wells Fargo & Company reiterated a “buy” rating on shares of American International Group in a report on Thursday, April 20th. Credit Suisse Group set a $72.00 price objective on shares of American International Group and gave the stock a “buy” rating in a report on Saturday, April 15th. Finally, J P Morgan Chase & Co cut their price objective on shares of American International Group from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, April 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus 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 firm’s stock in a transaction that occurred on Thursday, May 18th. The stock was purchased at an average cost of $61.48 per share, with a total value of $4,918,400.00. Following the transaction, the chief executive officer now owns 80,000 shares in the company, valued at $4,918,400. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in AIG. Chicago Partners Investment Group LLC increased its position in shares of 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 worth $165,000 after buying an additional 14 shares in the last quarter. Lyell Wealth Management LP increased its position in shares of 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 worth $224,000 after buying an additional 19 shares in the last quarter. Welch & Forbes LLC increased its position in shares of American International Group by 0.7% in the first quarter. Welch & Forbes LLC now owns 4,502 shares of the insurance provider’s stock worth $281,000 after buying an additional 33 shares in the last quarter. Wetherby Asset Management Inc. increased its position in shares of 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 worth $1,002,000 after buying an additional 62 shares in the last quarter. Finally, Roundview Capital LLC increased its position in shares of American International Group by 0.8% in the fourth quarter. Roundview Capital LLC now owns 10,528 shares of the insurance provider’s stock worth $688,000 after buying an additional 85 shares in the last quarter. 86.20% of the stock is owned by institutional investors.

American International Group (NYSE AIG) opened at 63.05 on Friday. The stock has a 50 day moving average of $62.81 and a 200 day moving average of $63.54. The company has a market capitalization of $58.37 billion, a PE ratio of 128.15 and a beta of 1.16. American International Group has a 12-month low of $48.41 and a 12-month high of $67.47.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, May 3rd. The insurance provider reported $1.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.25. American International Group had a net margin of 1.00% and a return on equity of 5.36%. The company had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $11 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. On average, equities research analysts predict that American International Group will post $5.09 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 28th. Shareholders 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 2.03%. The ex-dividend date of this dividend is Monday, June 12th. American International Group’s dividend payout ratio is presently 412.92%.

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American International Group Company Profile

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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