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

American International Group, Inc. (NYSE:AIG) was the recipient of unusually large options trading activity on Friday. Traders bought 27,879 call options on the stock. This is an increase of 552% compared to the typical daily volume of 4,275 call options.

Insiders Place Their Bets

In other American International Group news, Director John G. Rice purchased 10,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were bought at an average cost of $77.00 per share, with a total value of $770,000.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.61% of the company’s stock.

Institutional Trading of American International Group

Several institutional investors have recently made changes to their positions in AIG. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of American International Group during the 4th quarter worth approximately $28,113,000. Integrated Advisors Network LLC grew its stake in American International Group by 1.0% during the 4th quarter. Integrated Advisors Network LLC now owns 16,316 shares of the insurance provider’s stock worth $1,188,000 after buying an additional 161 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in American International Group during the 4th quarter worth about $29,000. Challenger Wealth Management acquired a new stake in American International Group during the 4th quarter worth about $269,000. Finally, AlphaCore Capital LLC lifted its holdings in shares of American International Group by 11.8% in the 4th quarter. AlphaCore Capital LLC now owns 12,349 shares of the insurance provider’s stock valued at $899,000 after buying an additional 1,300 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Trading Up 1.9 %

AIG stock traded up $1.52 during midday trading on Friday, hitting $83.07. The company had a trading volume of 3,317,183 shares, compared to its average volume of 4,058,702. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group has a 52 week low of $69.00 and a 52 week high of $83.77. The stock has a market cap of $49.29 billion, a price-to-earnings ratio of -39.96, a PEG ratio of 1.01 and a beta of 0.98. The stock’s 50 day moving average price is $76.03 and its 200 day moving average price is $75.24.

American International Group (NYSE:AIG) last released its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, equities research analysts expect that American International Group will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s payout ratio is -76.92%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Morgan Stanley increased their price objective on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Keefe, Bruyette & Woods raised their target price on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. BMO Capital Markets raised their target price on American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a report on Thursday. Wells Fargo & Company lifted their price objective on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Finally, Hsbc Global Res raised American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, American International Group currently has an average rating of “Moderate Buy” and an average price target of $84.31.

About American International Group

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.