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

American International Group, Inc. (NYSE:AIG – Get Rating) was the target of some unusual options trading activity on Monday. Stock investors bought 21,013 put options on the company. This is an increase of approximately 355% compared to the average volume of 4,622 put options.

American International Group Trading Up 2.1 %

AIG opened at $51.12 on Wednesday. American International Group has a 12-month low of $47.05 and a 12-month high of $65.73. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market capitalization of $37.69 billion, a PE ratio of 4.00, a P/E/G ratio of 0.85 and a beta of 1.15. The firm’s fifty day moving average price is $61.02 and its 200 day moving average price is $58.25.

American International Group (NYSE:AIG – Get Rating) last issued its earnings results on Thursday, February 16th. The insurance provider reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.17. The business had revenue of $11.59 billion for the quarter, compared to analyst estimates of $11.84 billion. American International Group had a net margin of 18.21% and a return on equity of 7.70%. During the same quarter in the prior year, the business posted $1.58 EPS. As a group, research analysts expect that American International Group will post 6.26 EPS for the current fiscal year.

American International Group Dividend Announcement

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

Wall Street Analyst Weigh In

AIG has been the topic of a number of recent research reports. Royal Bank of Canada boosted their price objective on American International Group from $68.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 14th. JPMorgan Chase & Co. began coverage on 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 lowered their price objective for the company from $70.00 to $65.00 in a research report on Wednesday, February 22nd. Citigroup assumed coverage on shares of American International Group in a research report on Wednesday, December 14th. They set a “buy” rating and a $72.00 target price on the stock. Finally, BMO Capital Markets initiated 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 target for the company. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $65.08.

Institutional Investors Weigh In On American International Group

Institutional investors have recently made changes to their positions in the company. Accurate Wealth Management LLC acquired a new position in American International Group in the fourth quarter worth $25,000. Arcus Capital Partners LLC bought a new position in shares of American International Group in the 4th quarter worth about $25,000. Chilton Capital Management LLC acquired a new position in shares of American International Group in the 2nd quarter valued at about $26,000. Vigilant Capital Management LLC grew its position in shares of American International Group by 262.3% during 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 last quarter. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in American International Group during the fourth quarter worth about $28,000. 89.01% of the stock is currently owned by institutional investors.

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.