American International Group Inc (AIG) concluded trading on Wednesday at a closing price of $75.49, with 3.63 million shares of worth about $273.9 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 24.63% during that period and on March 13, 2024 the price saw a loss of about -0.53%. Currently the company’s common shares owned by public are about 688.84M shares, out of which, 679.27M shares are available for trading.
Stock saw a price change of 0.86% in past 5 days and over the past one month there was a price change of 8.26%. Year-to-date (YTD), AIG shares are showing a performance of 11.42% which increased to 50.77% 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 $76.04 during that period. The average intraday trading volume for American International Group Inc shares is 3.81 million. The stock is currently trading 4.71% above its 20-day simple moving average (SMA20), while that difference is up 7.79% for SMA50 and it goes to 19.79% higher than SMA200.
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American International Group Inc (NYSE: AIG) currently have 688.84M outstanding shares and institutions hold larger chunk of about 92.71% of that.
The stock has a current market capitalization of $51.40B and its 3Y-monthly beta is at 1.03. PE ratio of stock for trailing 12 months is 15.11, while it has posted earnings per share of $5.00 in the same period. Its PEG reads 1.05 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 1.26% while standing at 1.90% 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 $8.15 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.53 which is $1.87 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 5.83% while it is estimated to increase by 13.47% 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.
