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

American International Group, Inc. (NYSE:AIG – Get Rating) saw some unusual options trading activity on Monday. Stock traders purchased 21,013 put options on the company. This represents an increase of 355% compared to the typical volume of 4,622 put options.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AIG. Citigroup began coverage on American International Group in a report on Wednesday, December 14th. They issued a “buy” rating and a $72.00 target price on the stock. JPMorgan Chase & Co. began coverage on shares of American International Group in a research report on Wednesday, November 30th. They set a “neutral” rating on the stock. Atlantic Securities downgraded shares of American International Group from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $70.00 to $65.00 in a report on Wednesday, February 22nd. BMO Capital Markets began coverage on shares of American International Group in a research report on Thursday, January 19th. They issued a “market perform” rating and a $64.00 price target on the stock. Finally, Royal Bank of Canada upped their price objective on shares of American International Group from $68.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, December 14th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $65.08.

Hedge Funds Weigh In On American International Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Accurate Wealth Management LLC bought a new position in shares of American International Group in the fourth quarter valued at approximately $25,000. Arcus Capital Partners LLC acquired a new stake in American International Group during the 4th quarter valued at $25,000. Chilton Capital Management LLC bought a new position in American International Group in the 2nd quarter valued at $26,000. Vigilant Capital Management LLC boosted its stake in American International Group by 262.3% in the third quarter. Vigilant Capital Management LLC now owns 576 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 417 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in shares of American International Group during the fourth quarter worth $28,000. 89.01% of the stock is currently owned by institutional investors and hedge funds.

American International Group Trading Up 2.1 %

Shares of AIG opened at $51.12 on Wednesday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.65. The stock has a market cap of $37.69 billion, a PE ratio of 4.00, a PEG ratio of 0.85 and a beta of 1.15. American International Group has a 1 year low of $47.05 and a 1 year high of $65.73. The stock has a 50 day simple moving average of $61.02 and a 200-day simple moving average of $58.25.

American International Group (NYSE:AIG – Get Rating) last released its quarterly earnings data on Thursday, February 16th. The insurance provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.17. American International Group had a return on equity of 7.70% and a net margin of 18.21%. The firm had revenue of $11.59 billion during the quarter, compared to analyst estimates of $11.84 billion. During the same period in the prior year, the company posted $1.58 earnings per share. On average, sell-side analysts predict that American International Group will post 6.26 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Thursday, March 16th. American International Group’s dividend payout ratio is currently 10.02%.

American International Group Company Profile

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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.