Stock Traders Buy Large Volume of Call Options on American International Group (NYSE:AIG)

American International Group, Inc. (NYSE:AIG) saw unusually large options trading on Thursday. Stock investors purchased 15,182 call options on the company. This represents an increase of approximately 332% compared to the average daily volume of 3,511 call options.

Analyst Ratings Changes

AIG has been the topic of several research analyst reports. Piper Sandler dropped their price target on American International Group from $96.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Evercore ISI lifted their target price on American International Group from $89.00 to $90.00 and gave the stock an “in-line” rating in a report on Wednesday, October 1st. Wolfe Research assumed coverage on American International Group in a research report on Tuesday, September 16th. They issued a “peer perform” rating on the stock. TD Cowen increased their price target on shares of American International Group from $86.00 to $90.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, The Goldman Sachs Group reduced their price target on shares of American International Group from $84.00 to $81.00 and set a “neutral” rating for the company in a research report on Monday, December 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $88.89.

American International Group Stock Up 0.1%

AIG opened at $86.19 on Friday. The company has a fifty day moving average of $78.65 and a two-hundred day moving average of $80.37. The stock has a market capitalization of $46.51 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 0.89 and a beta of 0.62. American International Group has a fifty-two week low of $69.24 and a fifty-two week high of $88.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.32 and a current ratio of 1.32.

American International Group (NYSE:AIG) last posted its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.63. American International Group had a net margin of 11.89% and a return on equity of 9.09%. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period in the prior year, the company posted $1.23 EPS. On average, research analysts expect that American International Group will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, December 16th. American International Group’s dividend payout ratio (DPR) is presently 32.73%.

Institutional Trading of American International Group

A number of institutional investors and hedge funds have recently made changes to their positions in AIG. Vanguard Group Inc. lifted its position in shares of American International Group by 11.6% during the 3rd quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock valued at $5,378,635,000 after buying an additional 7,117,583 shares in the last quarter. Capital Research Global Investors lifted its holdings in American International Group by 79.6% during the third quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock valued at $2,241,091,000 after purchasing an additional 12,645,616 shares in the last quarter. Wellington Management Group LLP grew its position in shares of American International Group by 7.9% in the third quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock valued at $2,045,657,000 after purchasing an additional 1,899,203 shares during the period. Franklin Resources Inc. increased its stake in shares of American International Group by 6.1% during the second quarter. Franklin Resources Inc. now owns 12,536,144 shares of the insurance provider’s stock worth $1,072,969,000 after purchasing an additional 716,209 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. increased its stake in shares of American International Group by 4.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 12,111,405 shares of the insurance provider’s stock worth $951,230,000 after purchasing an additional 499,330 shares in the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

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.