Traders Purchase High Volume of Call Options on American International Group (NYSE:AIG)

American International Group, Inc. (NYSE:AIG) saw unusually large options trading activity on Thursday. Investors purchased 15,182 call options on the stock. This is an increase of approximately 332% compared to the typical daily volume of 3,511 call options.

Hedge Funds Weigh In On American International Group

Several large investors have recently bought and sold shares of AIG. Westfuller Advisors LLC bought a new stake in American International Group during the 3rd quarter worth approximately $26,000. Atlantic Union Bankshares Corp grew its stake in shares of American International Group by 7,100.0% in the third quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 355 shares during the last quarter. Eastern Bank grew its stake in shares of American International Group by 2,473.3% in the third quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 371 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in American International Group in the second quarter valued at $32,000. Finally, GFG Capital LLC bought a new position in American International Group during the 2nd quarter worth $33,000. 90.60% of the stock is currently owned by institutional investors.

American International Group Stock Down 0.2%

Shares of NYSE AIG opened at $86.06 on Friday. The stock has a market capitalization of $46.43 billion, a P/E ratio of 15.65, a PEG ratio of 0.89 and a beta of 0.62. The stock’s fifty day moving average is $78.74 and its 200 day moving average is $80.37. American International Group has a 52 week low of $69.24 and a 52 week high of $88.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.32 and a current ratio of 1.32.

American International Group (NYSE:AIG) last issued its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.63. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.82 billion. American International Group had a return on equity of 9.09% and a net margin of 11.89%.During the same quarter last year, the business posted $1.23 EPS. Sell-side analysts forecast that American International Group will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.1%. American International Group’s payout ratio is 32.73%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Jefferies Financial Group lifted their price target on shares of American International Group from $96.00 to $101.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays downgraded shares of American International Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $95.00 to $88.00 in a report on Friday, December 5th. The Goldman Sachs Group decreased their price target on shares of American International Group from $84.00 to $81.00 and set a “neutral” rating for the company in a report on Monday, December 8th. Wolfe Research began coverage on American International Group in a research report on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Finally, Evercore ISI boosted their price objective on American International Group from $89.00 to $90.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, American International Group currently has a consensus rating of “Hold” and a consensus target price of $88.89.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.