American International Group Target of Unusually High Options Trading (NYSE:AIG)

American International Group, Inc. (NYSE:AIG - Get Free Report) saw some unusual options trading activity on Thursday. Stock traders purchased 43,207 call options on the company. This represents an increase of 1,045% compared to the typical daily volume of 3,772 call options.

Insider Buying and Selling at American International Group

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the transaction, the executive vice president now directly owns 21,400 shares in the company, valued at approximately $1,781,764. This represents a 68.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company's stock.

Institutional Investors Weigh In On American International Group

Institutional investors have recently bought and sold shares of the stock. Duncker Streett & Co. Inc. bought a new position in American International Group in the 4th quarter valued at $25,000. Asset Planning Inc bought a new position in American International Group in the 4th quarter valued at $26,000. Sachetta LLC grew its stake in American International Group by 194.5% in the 1st quarter. Sachetta LLC now owns 377 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 249 shares during the period. Ameriflex Group Inc. bought a new position in American International Group in the 4th quarter valued at $29,000. Finally, Hemington Wealth Management grew its stake in American International Group by 42.8% in the 1st quarter. Hemington Wealth Management now owns 474 shares of the insurance provider's stock valued at $41,000 after purchasing an additional 142 shares during the period. Institutional investors own 90.60% of the company's stock.

American International Group Stock Up 1.7%

Shares of NYSE:AIG traded up $1.45 during trading on Thursday, reaching $85.85. 3,526,467 shares of the stock were exchanged, compared to its average volume of 4,412,758. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. American International Group has a 1-year low of $69.00 and a 1-year high of $88.07. The stock has a fifty day moving average of $82.52 and a two-hundred day moving average of $78.74. The firm has a market cap of $49.48 billion, a price-to-earnings ratio of -41.27, a price-to-earnings-growth ratio of 1.01 and a beta of 0.64.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.13. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.89 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. Research analysts anticipate that American International Group will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, June 13th. This represents a $1.80 annualized dividend and a yield of 2.10%. This is an increase from American International Group's previous quarterly dividend of $0.40. American International Group's dividend payout ratio is -67.67%.

Analyst Upgrades and Downgrades

AIG has been the topic of a number of analyst reports. Evercore ISI increased their price target on shares of American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a research report on Tuesday, April 1st. Hsbc Global Res raised shares of American International Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Jefferies Financial Group raised their price target on American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Friday, April 11th. Wells Fargo & Company raised their price target on American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods raised their price target on American International Group from $94.00 to $97.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $88.12.

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.

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