Traders Buy American International Group (AIG) on Weakness

Investors purchased shares of American International Group Inc (NYSE:AIG) on weakness during trading hours on Monday. $88.85 million flowed into the stock on the tick-up and $48.73 million flowed out of the stock on the tick-down, for a money net flow of $40.12 million into the stock. Of all companies tracked, American International Group had the 10th highest net in-flow for the day. American International Group traded down ($0.61) for the day and closed at $59.61

Several research analysts have recently commented on AIG shares. Zacks Investment Research raised shares of American International Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Deutsche Bank raised shares of American International Group from a “sell” rating to a “hold” rating and raised their price objective for the company from $58.00 to $59.00 in a research note on Wednesday, December 6th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $74.00 price objective on shares of American International Group in a research note on Wednesday, December 6th. Wells Fargo & Co reissued a “buy” rating on shares of American International Group in a research note on Tuesday, January 2nd. Finally, Bank of America lowered shares of American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price objective for the company. in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $66.87.

The company has a market cap of $53,430.00, a price-to-earnings ratio of -23.77, a price-to-earnings-growth ratio of 0.98 and a beta of 1.17. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.43.

American International Group (NYSE:AIG) last issued its earnings results on Thursday, February 8th. The insurance provider reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.18). American International Group had a negative net margin of 5.07% and a positive return on equity of 3.02%. During the same quarter last year, the firm posted ($2.96) earnings per share. equities research analysts forecast that American International Group Inc will post 5.55 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.28 dividend on an annualized basis and a yield of 2.15%. American International Group’s payout ratio is currently -51.41%.

A number of hedge funds have recently added to or reduced their stakes in AIG. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in American International Group by 121.9% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,631,331 shares of the insurance provider’s stock worth $959,607,000 after purchasing an additional 8,586,682 shares in the last quarter. Standard Life Aberdeen plc raised its holdings in American International Group by 73.5% during the fourth quarter. Standard Life Aberdeen plc now owns 5,648,140 shares of the insurance provider’s stock worth $336,588,000 after purchasing an additional 2,393,028 shares in the last quarter. Boston Partners raised its holdings in American International Group by 15.2% during the fourth quarter. Boston Partners now owns 9,024,337 shares of the insurance provider’s stock worth $537,670,000 after purchasing an additional 1,188,645 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in American International Group during the fourth quarter worth approximately $64,655,000. Finally, PGGM Investments acquired a new stake in American International Group during the third quarter worth approximately $55,844,000. 85.61% of the stock is currently owned by institutional investors.

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American International Group Company Profile

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

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