American International Group (AIG): Price Target and June Short Interest Disclosure

American International Group (AIG) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $67 and the lowest price target forecast is $53. The average forecast of all the analysts is $60.56 and the expected standard deviation is $4.28.

American International Group (AIG), A reduction of 935,562 shares or 6.1% was observed in the short interest of American Intl Group The interest on June 30,2016 came in at 14,393,992 shares and as per the average daily trading of 8,337,716 shares, the days to cover are 2. The reduced interest is 1.1% of the floated shares. The data of June 15,2016 put the interest at 15,329,554 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Major Brokerage house, Citigroup maintains its ratings on American International Group (NYSE:AIG). In the latest research report, Citigroup lowers the target price from $69 per share to $66 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on July 7, 2016.


American International Group (NYSE:AIG): stock turned positive on Thursday. Though the stock opened at $54.43, the bulls momentum made the stock top out at $54.69 level for the day. The stock recorded a low of $54.09 and closed the trading day at $54.4, in the green by 1.10%. The total traded volume for the day was 5,614,762. The stock had closed at $53.81 in the previous days trading.

American International Group, Inc. (AIG) is an insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services. Its various offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. The Companys AIG Global Benefits Network provides administrative and marketing services to insurance companies offering benefit solutions to multinational employers. AIG Global Benefits Network can develop global benefit plan solutions for multinational clients by tapping the coverage options offered by carriers throughout the network. AIG operates through two segments: Commercial Insurance and Consumer Insurance. Commercial Insurance is a provider of insurance products and services for commercial and institutional customers.

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