American International Group Inc Just Recorded A Sigfniciant Bearish Options Activity

 American International Group Inc Just Recorded A Sigfniciant Bearish Options Activity

In today’s session American International Group Inc (AIG) recorded an unusually high (3,078) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious AIG decrease. With 3,078 contracts traded and 8524 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: AIG161216P00055000 closed last at: $0.82 or 28.1% up. About 1,444 shares traded hands. American International Group Inc (NYSE:AIG) has risen 6.89% since April 5, 2016 and is uptrending. It has outperformed by 4.94% the S&P500.

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. $80.0 is the highest target while $53 is the lowest. The $66.61 average target is 13.44% above today’s ($58.72) stock price. American International Group has been the topic of 37 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Wednesday, August 5 by RBC Capital Markets. Argus Research maintained the stock with “Buy” rating in Thursday, March 24 report. The firm has “Mkt Perform” rating by FBR Capital given on Tuesday, May 10. Janney Capital upgraded the shares of AIG in a report on Wednesday, March 30 to “Buy” rating. The rating was maintained by Goldman Sachs with “Buy” on Monday, August 8. BMO Capital Markets maintained American International Group Inc (NYSE:AIG) on Monday, August 22 with “Market Perform” rating. The firm has “Market Perform” rating by FBR Capital given on Friday, February 26. The rating was upgraded by Keefe Bruyette & Woods to “Outperform” on Tuesday, December 15. Barclays Capital maintained American International Group Inc (NYSE:AIG) on Friday, February 12 with “Overweight” rating. Standpoint Research downgraded the stock to “Hold” rating in Monday, November 23 report.

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 2016 Q2. Its down 0.14, from 0.6 in 2016Q1. The ratio dived, 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.
The Massachusetts-based Numeric Investors Lc has invested 0.04% in American International Group Inc (NYSE:AIG). Moreover, Taurus Asset Mngmt Limited Liability has 0.13% invested in American International Group Inc (NYSE:AIG) for 14,303 shares. Neuberger Berman Grp Lc has invested 0.04% of its portfolio in American International Group Inc (NYSE:AIG). Paloma Partners Mgmt Comm holds 183,877 shares or 0.11% of its portfolio. Cibc Markets Corporation holds 96,614 shares or 0.13% of its portfolio. 1832 Asset Mngmt Lp, a Ontario – Canada-based fund reported 5,510 shares. Creative Planning has 0.02% invested in the company for 50,896 shares. The Switzerland-based Starr Intl Company has invested 83.78% in American International Group Inc (NYSE:AIG). Cullen Frost Bankers, a Texas-based fund reported 366,503 shares. Wall Street Access Asset Mgmt Ltd Limited Liability Company has invested 0.27% of its portfolio in American International Group Inc (NYSE:AIG). Icahn Carl C accumulated 11.91% or 45.64 million shares. Highlander Cap Management Limited Co, a New Jersey-based fund reported 397 shares. Moreover, Argentiere Capital Ag has 5.44% invested in American International Group Inc (NYSE:AIG) for 132,118 shares. Moreover, First Eagle Invest Management Ltd Llc has 1.13% invested in American International Group Inc (NYSE:AIG) for 8.35M shares. Tudor Investment Et Al accumulated 0.06% or 55,326 shares.

American International Group, Inc. is an insurance company. The company has a market cap of $61.70 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: Foxbusiness.com which released: “American International Group posts 3Q profit” on November 02, 2016. Also Forbes.com published the news titled: “December 2nd Options Now Available For American International Group (AIG)” on October 13, 2016. Zacks.com‘s news article titled: “American International (AIG) Q3 Earnings: What’s in Store?” with publication date: November 01, 2016 was also an interesting one.

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