Following The Money: Institution’s Growing Stake In American International Group Inc (NYSE: AIG)

American International Group Inc (AIG) concluded trading on Wednesday at a closing price of $77.80, with 3.38 million shares of worth about $263.02 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 29.56% during that period and on April 3, 2024 the price saw a loss of about -0.28%. Currently the company’s common shares owned by public are about 688.84M shares, out of which, 679.27M shares are available for trading.

However, the stock later moved at a day high price of 76.04, or with a loss of -0.28%. Stock saw a price change of 0.53% in past 5 days and over the past one month there was a price change of 6.33%. Year-to-date (YTD), AIG shares are showing a performance of 14.83% which increased to 54.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $48.91 but also hit the highest price of $78.70 during that period. The average intraday trading volume for American International Group Inc shares is 3.99 million. The stock is currently trading 2.11% above its 20-day simple moving average (SMA20), while that difference is up 7.30% for SMA50 and it goes to 20.57% 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 93.43% of that.

The stock has a current market capitalization of $52.98B and its 3Y-monthly beta is at 1.03. PE ratio of stock for trailing 12 months is 15.57, while it has posted earnings per share of $5.00 in the same period. Its PEG reads 1.56 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 1.27% while standing at 1.44% over the month.

Stock’s fiscal year EPS is expected to rise by 5.57% while it is estimated to increase by 13.35% 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.

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