Traders Sell American International Group (AIG) on Strength (AIG)
Investors sold shares of American International Group Inc (NYSE:AIG) on strength during trading hours on Wednesday. $120.83 million flowed into the stock on the tick-up and $379.01 million flowed out of the stock on the tick-down, for a money net flow of $258.18 million out of the stock. Of all companies tracked, American International Group had the 0th highest net out-flow for the day. American International Group traded up $0.37 for the day and closed at $61.00
A number of analysts recently weighed in on AIG shares. Deutsche Bank raised shares of American International Group from a “sell” rating to a “hold” rating and upped their target price for the stock from $58.00 to $59.00 in a report on Wednesday, December 6th. Bank of America decreased their price target on shares of American International Group from $71.00 to $69.00 and set a “buy” rating on the stock in a report on Tuesday, October 10th. Zacks Investment Research lowered shares of American International Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Wells Fargo & Co reissued a “buy” rating on shares of American International Group in a report on Tuesday, January 2nd. Finally, Morgan Stanley reissued a “buy” rating on shares of American International Group in a report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $67.41.
The firm has a market capitalization of $54,790.00, a P/E ratio of -24.56, a PEG ratio of 1.03 and a beta of 1.18. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.26 and a current ratio of 0.26.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.09%. American International Group’s dividend payout ratio (DPR) is -51.41%.
Several institutional investors have recently made changes to their positions in the company. Bank of Nova Scotia Trust Co. purchased a new stake in American International Group during the 3rd quarter valued at $109,000. Chicago Partners Investment Group LLC purchased a new stake in American International Group during the 3rd quarter valued at $163,000. Rational Advisors LLC boosted its position in American International Group by 100.0% during the 3rd quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock valued at $184,000 after buying an additional 1,500 shares during the period. First Capital Advisors Group LLC. purchased a new stake in American International Group during the 3rd quarter valued at $200,000. Finally, Investment Centers of America Inc. purchased a new stake in American International Group during the 3rd quarter valued at $200,000. 85.90% of the stock is owned by institutional investors.
About American International Group
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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