Could American International Group Inc Gain Strenght? Option Traders Don’t Think So

 Could American International Group Inc Gain Strenght? Option Traders Don't Think So

In today’s session American International Group Inc (AIG) recorded an unusually high (1,645) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious AIG decrease. With 1,645 contracts traded and 17294 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: AIG161021P00059000 closed last at: $0.47 or 80.8% up. About 2.31 million shares traded hands. American International Group Inc (NYSE:AIG) has risen 13.22% since March 14, 2016 and is uptrending. It has outperformed by 7.61% the S&P500.

Analysts await American International Group Inc (NYSE:AIG) to report earnings on November, 7. They expect $1.16 earnings per share, up 123.08% or $0.64 from last year’s $0.52 per share. AIG’s profit will be $1.25 billion for 12.95 P/E if the $1.16 EPS becomes a reality. After $0.98 actual earnings per share reported by American International Group Inc for the previous quarter, Wall Street now forecasts 18.37% EPS growth.

American International Group Inc (NYSE:AIG) Ratings Coverage

Out of 17 analysts covering American International Group (NYSE:AIG), 10 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 59% are positive. American International Group has been the topic of 37 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Avondale downgraded it to “Underperform” rating and $70 target price in Wednesday, November 4 report. The stock of American International Group Inc (NYSE:AIG) earned “Market Perform” rating by William Blair on Wednesday, February 3. The firm earned “Outperform” rating on Wednesday, August 5 by RBC Capital Markets. The firm has “Neutral” rating by Credit Suisse given on Friday, October 7. The rating was downgraded by Standpoint Research to “Hold” on Monday, November 23. The stock has “Neutral” rating given by Credit Suisse on Friday, February 12. FBR Capital maintained American International Group Inc (NYSE:AIG) on Wednesday, August 5 with “Outperform” rating. The stock of American International Group Inc (NYSE:AIG) earned “Outperform” rating by Keefe Bruyette & Woods on Tuesday, December 15. The firm has “Buy” rating given on Wednesday, August 5 by S&P Research. The firm has “Strong-Buy” rating by Vetr given on Thursday, August 27.

According to Zacks Investment Research, “American International Group, Inc., world leaders in insurance and financial services, is the leading international insurance organization with operations in more than one hundred thirty countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world.”

Insitutional Activity: The institutional sentiment decreased to 0.46 in Q2 2016. Its down 0.14, from 0.6 in 2016Q1. The ratio turned negative, as 88 funds sold all American International Group Inc shares owned while 419 reduced positions. 49 funds bought stakes while 184 increased positions. They now own 874.27 million shares or 6.79% less from 937.91 million shares in 2016Q1.
Fmr Lc last reported 7.36 million shares in the company. Ifc Fl holds 0.03% or 5,748 shares in its portfolio. Compton Capital Management Ri has 19,428 shares for 0.57% of their US portfolio. Vantage Investment Advisors Limited Liability Com has invested 0% of its portfolio in American International Group Inc (NYSE:AIG). Dimensional Fund Advsrs Ltd Partnership accumulated 0.21% or 7.01 million shares. Brick & Kyle Assocs last reported 500 shares in the company. Stoneridge Prtnrs Limited accumulated 54,588 shares or 0.43% of the stock. Great West Life Assurance Can holds 0.19% of its portfolio in American International Group Inc (NYSE:AIG) for 959,208 shares. Oakworth has 7 shares for 0% of their US portfolio. Poplar Forest Llc, a California-based fund reported 848,950 shares. The California-based Reilly Fincl Advisors Ltd Liability Corporation has invested 0% in American International Group Inc (NYSE:AIG). Comerica National Bank holds 328,798 shares or 0.17% of its portfolio. Williams Jones Assoc Limited Liability Corporation, a New York-based fund reported 157,959 shares. Honeywell Intl owns 688,200 shares or 0.93% of their US portfolio. Ftb has 1,857 shares for 0.01% of their US portfolio.

American International Group, Inc. is an insurance company. The company has a market cap of $64.62 billion. The Firm provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to clients in over 100 countries and jurisdictions. It currently has negative earnings. The Firm operates through two divisions: Commercial Insurance and Consumer Insurance, as well as a Corporate and Other category.

AIG Company Profile

American International Group, Inc. (AIG), incorporated on June 9, 1967, is an insurance company. The Firm provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to clients in over 100 countries and jurisdictions. The Firm operates through two divisions: Commercial Insurance and Consumer Insurance, as well as a Corporate and Other category. Commercial Insurance has three operating divisions: Property Casualty, Mortgage Guaranty and Institutional Markets. Consumer Insurance also has three operating divisions: Retirement, Life and Personal Insurance. The Company’s Corporate and Other includes the Company, as well as certain legacy assets and run-off insurance businesses. The Firm groups its insurance-related legal entities into two categories: Non-Life Insurance Companies and Life Insurance Companies. The Company’s Non-Life Insurance Companies include property casualty and mortgage guaranty companies, including National Union Fire Insurance Company of Pittsburgh, Pa. (National Union); American Home Assurance Company (American Home); Lexington Insurance Company (Lexington); Fuji Fire and Marine Insurance Company Limited (Fuji Fire); American Home Assurance Company, Ltd. (American Home Japan); AIG Asia Pacific Insurance, Pte, Ltd.; AIG Europe Limited, and United Guaranty Residential Insurance Company (UGRIC). Life Insurance Companies include American General Life Insurance Company (American General Life); The Variable Annuity Life Insurance Company (VALIC); The United States Life Insurance Company in the City of New York (U.S. Life), and AIG Fuji Life Insurance Company Limited (Fuji Life).

More recent American International Group Inc (NYSE:AIG) news were published by: Forbes.com which released: “December 2nd Options Now Available For American International Group (AIG)” on October 13, 2016. Also Seekingalpha.com published the news titled: “American International Group: Attacking $60, Time To Get On Board?” on October 06, 2016. Businesswire.com‘s news article titled: “AIG Names Peter Y. Solmssen Executive Vice President and General Counsel” with publication date: October 05, 2016 was also an interesting one.

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