American International Group, Inc. (NYSE:AIG – Get Rating) was the recipient of unusually large options trading activity on Thursday. Stock traders acquired 22,200 put options on the company. This is an increase of approximately 415% compared to the typical volume of 4,312 put options.
Institutional Trading of American International Group
Large investors have recently added to or reduced their stakes in the company. Accurate Wealth Management LLC bought a new stake in American International Group during the fourth quarter worth about $25,000. Arcus Capital Partners LLC acquired a new position in American International Group during the 4th quarter worth $25,000. Chilton Capital Management LLC acquired a new position in American International Group during the 2nd quarter worth $26,000. Vigilant Capital Management LLC increased its stake in shares of American International Group by 262.3% in the 3rd quarter. Vigilant Capital Management LLC now owns 576 shares of the insurance provider's stock valued at $27,000 after buying an additional 417 shares during the period. Finally, Romano Brothers AND Company bought a new stake in shares of American International Group during the fourth quarter worth $38,000. 89.01% of the stock is owned by institutional investors.
Get American International Group alerts:Analyst Ratings Changes
A number of research analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of American International Group from $61.00 to $66.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 18th. BMO Capital Markets began coverage on shares of American International Group in a report on Thursday, January 19th. They set a "market perform" rating and a $64.00 price objective on the stock. Barclays dropped their price objective on shares of American International Group from $56.00 to $53.00 and set an "equal weight" rating on the stock in a report on Friday, October 14th. Jefferies Financial Group upgraded shares of American International Group from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $57.00 to $64.00 in a report on Wednesday, October 12th. Finally, Evercore ISI dropped their price objective on shares of American International Group to $56.00 in a report on Thursday, October 13th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, American International Group currently has a consensus rating of "Hold" and a consensus price target of $65.08.
American International Group Stock Performance
NYSE AIG opened at $59.03 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.75. The stock has a market cap of $43.86 billion, a P/E ratio of 3.51, a PEG ratio of 1.01 and a beta of 1.16. American International Group has a twelve month low of $47.05 and a twelve month high of $65.73. The company's 50-day simple moving average is $62.87 and its 200 day simple moving average is $57.00.American International Group (NYSE:AIG – Get Rating) last issued its quarterly earnings data on Tuesday, November 1st. The insurance provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.07. The firm had revenue of $11.33 billion for the quarter, compared to analysts' expectations of $11.50 billion. American International Group had a net margin of 23.33% and a return on equity of 7.33%. As a group, research analysts forecast that American International Group will post 4.41 earnings per share for the current fiscal year.
About American International Group
(Get Rating)
American International Group, Inc engages in the provision of a range of property casualty insurance, life insurance, retirement products, and other financial services to commercial and individual customers. It operates through the following segments: General Insurance, Life and Retirement and Other Operations.
Read More
- Get a free copy of the StockNews.com research report on American International Group (AIG)
- Cathie Woods' Ark Innovation ETF Set To Rebound in 2023?
- Mullen Automotive Stock Gains Momentum On Positive News
- Harley-Davidson Inc. Stock, Is It Time To Buy?
- The Bottom Is In For Meta Platforms, Volatility Is Not Over
- Analyzing Alaska Air's Recent Earnings
Receive News & Ratings for American International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American International Group and related companies with MarketBeat.com's FREE daily email newsletter.