American International Group Target of Unusually Large Options Trading (NYSE:AIG)

American International Group, Inc. (NYSE:AIG) was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 10,087 call options on the stock. This is an increase of 53% compared to the average volume of 6,613 call options.

Insiders Place Their Bets

In other news, major shareholder International Group American sold 5,000,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $28.86, for a total value of $144,300,000.00. Following the completion of the transaction, the insider now owns 279,238,898 shares in the company, valued at $8,058,834,596.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On American International Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Forum Financial Management LP raised its holdings in American International Group by 1.1% in the 2nd quarter. Forum Financial Management LP now owns 12,173 shares of the insurance provider’s stock valued at $904,000 after acquiring an additional 128 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in American International Group by 5.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,691 shares of the insurance provider’s stock valued at $210,000 after purchasing an additional 136 shares in the last quarter. Quent Capital LLC lifted its position in American International Group by 4.0% during the second quarter. Quent Capital LLC now owns 3,834 shares of the insurance provider’s stock worth $285,000 after purchasing an additional 146 shares during the period. New Republic Capital LLC grew its stake in American International Group by 5.2% during the first quarter. New Republic Capital LLC now owns 3,290 shares of the insurance provider’s stock worth $257,000 after buying an additional 164 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in American International Group by 2.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 6,106 shares of the insurance provider’s stock valued at $477,000 after buying an additional 165 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Stock Down 1.2 %

AIG stock opened at $75.39 on Wednesday. American International Group has a fifty-two week low of $62.52 and a fifty-two week high of $80.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market capitalization of $48.55 billion, a price-to-earnings ratio of -58.44, a PEG ratio of 5.21 and a beta of 1.05. The business’s fifty day moving average price is $75.14 and its two-hundred day moving average price is $75.64.

American International Group (NYSE:AIG) last released its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. The business had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. American International Group had a negative net margin of 1.54% and a positive return on equity of 9.52%. During the same period last year, the firm earned $1.61 earnings per share. On average, equities analysts anticipate that American International Group will post 4.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AIG shares. JPMorgan Chase & Co. raised shares of American International Group from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $93.00 to $89.00 in a research note on Thursday, October 10th. UBS Group boosted their price objective on shares of American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Piper Sandler cut their target price on shares of American International Group from $89.00 to $86.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Citigroup reduced their price target on American International Group from $89.00 to $87.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. Finally, Bank of America upped their price objective on American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, American International Group has a consensus rating of “Hold” and a consensus price target of $84.38.

About American International Group

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.