Shares of the company are trading at $64.96 which is just over $61.46, the 50 day moving average and barely above the 200 day moving average of $62.32. The 50 day moving average went up by +5.70% and the 200 day average went up by +4.23%. American International Group, I shares had a trading volume of 6,871K on Tuesday. Overall, volume was up 2.14% over the stocks normal daily volume.
Short traders are feeling a little more bearish on American International Group, I of late as shown by the uptick in short interest. The firm saw a rise in short interest of 1.99% between September 15, 2017 and September 29, 2017. Short interest grew from 16,881,671 to 17,218,109 over that period. The short-interest ratio decreased to 3.0 and the percentage of shorted shares was 0.02% on September 29.
Additionally, here are a few investment firms who have increased or decreased their stake in (AIG). State Treasurer State Of Michigan downsized its ownership by selling 14,900 shares a decrease of 5.2% as of 09/30/2017. State Treasurer State Of Michigan owns 274,152 shares valued at $16,830,000. The value of the position overall is down by 6.9%. Bowling Portfolio Management LLC divested its stake by shedding 231 shares a decrease of 1.1%. Bowling Portfolio Management LLC now controls 21,319 shares with a value of $1,309,000. The total value of its holdings decreased 2.8%.
Beech Hill Advisors, Inc. added to its holdings by buying 4,000 shares an increase of 7.5% in the quarter. Beech Hill Advisors, Inc. controls 57,465 shares worth $3,528,000. The value of the position overall is up by 5.5%. Robeco Institutional Asset Management B.v. trimmed its position by shedding 2,026 shares a decrease of 1.1% from 06/30/2017 to 09/30/2017. Robeco Institutional Asset Management B.v. claims 183,450 shares with a value of $11,263,000. The value of the position overall is down by 2.9%.
On August 9 the stock rating was downgraded to “Neutral” from “Overweight” by Atlantic Equities. August 24 investment analysts at Deutsche Bank maintained a company rating of “Sell” but moved up the price target to $58.00 from $56.00.
On October 2 UBS kept the company rating at “Neutral” but lowered the price expectation from $64.00 to $63.00. On October 10 Bank of America made no change to the company rating of “Buy” but raised the price target from $63.00 to $69.00.
On October 16 Barclays held the company rating at “Overweight” and raised the price expectation from $68.00 to $71.00.
In the market the company is trading up by 0.14%% since yesterday’s close of 64.87. American International Group, I declared a dividend that was paid on Friday September 29th, 2017. The dividend payment was $0.320 per share for the quarter or $1.28 annualized. This dividend amount represented a yield of $1.97. The ex-dividend date was set for Thursday the 14th of September 2017.
In the latest earnings report the EPS was $-0.28 and is projected to be $3.38 for the current year with 903,405,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $1.23 with next year’s EPS anticipated to be $5.29.
American International Group, Inc. (AIG), launched on June 9, 1967, 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. The Business’s offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. Its Core businesses include Commercial Insurance and Consumer Insurance, as well as Other Operations. Commercial Insurance includes two modules: Liability and Financial Lines and Property and Special Risks. Consumer Insurance consists of four modules: Individual Retirement, Group Retirement, Life Insurance and Personal Insurance. It also reviews and assesses its core business through the locations of its insurance operations across three geographic modules: the United States, Europe and Japan..