American International Group, Inc. (NYSE:AIG) was the recipient of unusually large options trading activity on Friday. Stock investors bought 5,917 put options on the stock. This represents an increase of 177% compared to the average volume of 2,134 put options.

In related news, CEO Brian Duperreault acquired 80,000 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were purchased at an average cost of $61.48 per share, for a total transaction of $4,918,400.00. Following the acquisition, the chief executive officer now owns 80,000 shares in the company, valued at approximately $4,918,400. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.52% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. 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. Institutional investors own 86.20% of the company’s stock.

Several brokerages have recently commented on AIG. 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 Thursday, March 2nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $70.00 target price on shares of American International Group in a research note on Saturday, March 11th. Deutsche Bank AG downgraded shares of American International Group from a “hold” rating to a “sell” rating and cut their target price for the stock from $6.00 to $5.00 in a research note on Monday, March 13th. TheStreet raised shares of American International Group from a “c” rating to a “b-” rating in a research note on Wednesday, May 3rd. Finally, J P Morgan Chase & Co cut their target price 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. American International Group presently has a consensus rating of “Buy” and a consensus price target of $64.58.

Shares of American International Group (AIG) traded down 1.54% during midday trading on Friday, hitting $62.52. 7,719,109 shares of the stock were exchanged. American International Group has a one year low of $50.20 and a one year high of $67.47. The stock’s 50-day moving average price is $63.09 and its 200 day moving average price is $63.48. The stock has a market cap of $57.88 billion, a P/E ratio of 127.07 and a beta of 1.16.

American International Group (NYSE:AIG) last posted its quarterly earnings data 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. 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 5.36% and a net margin of 1.00%. During the same quarter in the previous year, the company earned $0.65 EPS. On average, analysts anticipate that American International Group will post $5.09 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 28th. Stockholders of record on Wednesday, June 14th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, June 12th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.05%. American International Group’s dividend payout ratio is 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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