American International Group Sees Unusually High Options Volume (NYSE:AIG)

American International Group, Inc. (NYSE:AIG) saw some unusual options trading activity on Tuesday. Traders purchased 10,087 call options on the company. This represents an increase of approximately 53% compared to the typical volume of 6,613 call options.

American International Group Stock Down 1.2 %

NYSE:AIG opened at $75.39 on Wednesday. American International Group has a 1 year low of $62.52 and a 1 year high of $80.83. The stock has a 50-day moving average price of $75.14 and a two-hundred day moving average price of $75.64. The stock has a market cap 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 company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.22.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Bank of America boosted their target price on American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. TD Cowen dropped their price objective on American International Group from $83.00 to $80.00 and set a “hold” rating for the company in a report on Tuesday, August 13th. JPMorgan Chase & Co. raised shares of American International Group from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $93.00 to $89.00 in a research note on Thursday, October 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 price target on shares of American International Group in a research report on Tuesday, July 9th. Finally, Piper Sandler cut their price objective on shares of American International Group from $89.00 to $86.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, American International Group presently has an average rating of “Hold” and an average target price of $84.38.

Insider Activity

In related news, major shareholder International Group American sold 5,000,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the sale, the insider now directly owns 279,238,898 shares in the company, valued at $8,058,834,596.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by corporate insiders.

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 stock. Cetera Investment Advisers increased its holdings in American International Group by 348.6% during the 1st quarter. Cetera Investment Advisers now owns 57,648 shares of the insurance provider’s stock worth $4,506,000 after purchasing an additional 44,797 shares in the last quarter. OFI Invest Asset Management raised its position in American International Group by 2,208.3% in the 2nd quarter. OFI Invest Asset Management now owns 10,249 shares of the insurance provider’s stock valued at $710,000 after buying an additional 9,805 shares during the last quarter. Bessemer Group Inc. lifted its stake in American International Group by 64.3% in the 1st quarter. Bessemer Group Inc. now owns 28,498 shares of the insurance provider’s stock valued at $2,227,000 after acquiring an additional 11,149 shares in the last quarter. Coronation Fund Managers Ltd. acquired a new position in American International Group during the 1st quarter worth approximately $1,367,000. Finally, Illinois Municipal Retirement Fund grew its stake in shares of American International Group by 19.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 156,150 shares of the insurance provider’s stock worth $12,206,000 after acquiring an additional 24,906 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Company Profile

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.