Investors Sell American International Group (AIG) on Strength (AIG)

Traders sold shares of American International Group Inc (NYSE:AIG) on strength during trading hours on Friday. $25.28 million flowed into the stock on the tick-up and $55.64 million flowed out of the stock on the tick-down, for a money net flow of $30.36 million out of the stock. Of all companies tracked, American International Group had the 22nd highest net out-flow for the day. American International Group traded up $0.24 for the day and closed at $41.66

AIG has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of American International Group from a “hold” rating to a “sell” rating in a research note on Thursday, October 25th. Wells Fargo & Co reissued a “buy” rating and issued a $62.00 price objective on shares of American International Group in a research note on Monday, October 29th. Morgan Stanley set a $65.00 price target on shares of American International Group and gave the stock a “buy” rating in a report on Wednesday, October 17th. Deutsche Bank cut their price target on shares of American International Group from $54.00 to $52.00 and set a “hold” rating on the stock in a report on Monday, October 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $58.00 price target on shares of American International Group in a report on Friday, December 7th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $58.02.

The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market capitalization of $36.41 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 0.78 and a beta of 1.38.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, October 31st. The insurance provider reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.40). The company had revenue of $12 billion for the quarter, compared to analysts’ expectations of $12.44 billion. American International Group had a negative net margin of 12.73% and a positive return on equity of 3.44%. During the same period last year, the firm earned ($1.22) earnings per share. Analysts predict that American International Group Inc will post 2.39 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 12th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Tuesday, December 11th. American International Group’s dividend payout ratio (DPR) is presently 53.33%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Moody National Bank Trust Division acquired a new position in shares of American International Group during the 4th quarter worth about $27,000. Advisors Asset Management Inc. boosted its position in shares of American International Group by 4,404.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,892 shares of the insurance provider’s stock worth $100,000 after purchasing an additional 1,850 shares during the period. Zions Bancorporation purchased a new position in shares of American International Group during the 3rd quarter worth approximately $124,000. Financial Engines Advisors L.L.C. boosted its position in shares of American International Group by 350.2% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 2,890 shares of the insurance provider’s stock worth $154,000 after purchasing an additional 2,248 shares during the period. Finally, Canton Hathaway LLC acquired a new stake in American International Group during the 3rd quarter worth approximately $163,000. Institutional investors own 89.21% of the company’s stock.

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American International Group Company Profile (NYSE:AIG)

American International Group, Inc provides insurance products for commercial, institutional, and individual customers primarily in the United States, Europe, and Japan. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, and marine insurance.

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