American International Group Inc (AIG) concluded trading on Wednesday at a closing price of $72.43, with 3.56 million shares of worth about $257.68 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.16% during that period and on on Wednesday the price saw a gain of about 0.67%. Currently the company’s common shares owned by public are about 688.84M shares, out of which, 679.50M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 1 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 1 selling transactions, insiders dumped 7,757 shares.
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However, the stock later moved at a day high price of 72.53, or with a gain of 0.67%. Stock saw a price change of 5.46% in past 5 days and over the past one month there was a price change of 4.41%. Year-to-date (YTD), AIG shares are showing a performance of 6.91% which increased to 19.42% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $45.66 but also hit the highest price of $73.28 during that period. The average intraday trading volume for American International Group Inc shares is 3.78 million. The stock is currently trading 3.84% above its 20-day simple moving average (SMA20), while that difference is up 5.57% for SMA50 and it goes to 16.82% higher than SMA200.
American International Group Inc (NYSE: AIG) currently have 688.84M outstanding shares and institutions hold larger chunk of about 92.72% of that.
The stock has a current market capitalization of $49.32B and its 3Y-monthly beta is at 1.03. PE ratio of stock for trailing 12 months is 14.50, while it has posted earnings per share of $5.00 in the same period. Its PEG reads 1.01 while making debt-to-equity ratio of 0.51. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AIG, volatility over the week remained 1.78% while standing at 2.00% over the month.
Analysts are in expectations that American International Group Inc (AIG) stock would likely to be making an EPS of $1.73 in the current quarter, while forecast for next quarter EPS is $1.77 and it is $8.09 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.53 which is $1.9 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.63 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 5.27% while it is estimated to increase by 13.12% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on February 20, 2024 offering a Neutral rating for the stock and assigned a target price range of between $75 and $77 to it. Coverage by TD Cowen stated American International Group Inc (AIG) stock as a Market perform in their note to investors on January 10, 2024, suggesting a price target of $78 for the stock. On January 08, 2024, JP Morgan Resumed their recommendations, while on December 28, 2023, HSBC Securities Initiated their ratings for the stock with a price target of $86. Stock get an Outperform rating from BMO Capital Markets on December 19, 2023.
