American International Group, Inc. (NYSE:AIG) was the recipient of unusually large options trading on Wednesday. Stock traders bought 12,371 call options on the stock. This is an increase of 249% compared to the average volume of 3,541 call options.

American International Group (NYSE AIG) opened at 61.34 on Friday. The firm’s market capitalization is $55.41 billion. American International Group has a 12 month low of $57.35 and a 12 month high of $67.47. The firm has a 50 day moving average price of $63.93 and a 200-day moving average price of $62.98.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.33. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. The company had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $12.61 billion. During the same quarter last year, the company earned $0.98 EPS. On average, equities analysts forecast that American International Group will post $5.28 EPS for the current year.

American International Group announced that its Board of Directors has approved a share buyback program on Wednesday, May 3rd that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the insurance provider to buy up to 4.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.32 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.09%. American International Group’s dividend payout ratio is currently -711.07%.

Several equities analysts recently commented on the company. BidaskClub lowered American International Group from a “hold” rating to a “sell” rating in a research report on Sunday, August 13th. Atlantic Securities lowered American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research report on Wednesday, August 9th. Deutsche Bank AG reissued a “sell” rating and set a $60.00 price target (up from $57.00) on shares of American International Group in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $75.00 price target on shares of American International Group in a research report on Thursday, August 3rd. Finally, Zacks Investment Research raised American International Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. American International Group has a consensus rating of “Buy” and a consensus target price of $69.02.

Several hedge funds have recently made changes to their positions in AIG. Israel Discount Bank of New York purchased a new stake in shares of American International Group during the first quarter worth approximately $145,000. Peddock Capital Advisors LLC increased its stake in shares of American International Group by 100.0% in the second quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock worth $159,000 after buying an additional 1,271 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake 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. FTB Advisors Inc. increased its stake in shares of American International Group by 147.9% in the first quarter. FTB Advisors Inc. now owns 2,868 shares of the insurance provider’s stock worth $176,000 after buying an additional 1,711 shares in the last quarter. Finally, Feltz Wealth PLAN Inc. purchased a new stake in shares of American International Group during the first quarter worth approximately $184,000. Institutional investors own 87.76% of the company’s stock.

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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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