American International Group Inc. (AIG) Price Target: Is It Set To Rise Or Fall In Price?

American International Group Inc. (NYSE:AIG) trading with an addition of $0.6 to $57.92 on Thursday, an upside of 1.05 percent. An average of 4,105,395 shares of common stock have been traded in the last five days. There was a gain of $3.03 in the past week. The last 20 days have seen an average of 4,774,114 shares traded, while the 50-day average volume stands at 4,550,998.

AIG stock has increased by 4.85% in the last month. The company shares reached their 1-month lowest point of $52.00 on 09/20/21. With the stock rallying to its 52-week high on 10/07/21, shares of the company touched a low of $28.95 and a high of $57.74 in 52 weeks. In spite of this, the price is up 0.31% from the 52-week high.

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Insider Transactions

57 days have passed since American International Group Inc. (AIG) last reported insider trading activity. Hogan Kevin T., who is EVP – Life & Retirement, most recently acquired $41,400 shares at $53.61 per share on Aug 11. In this transaction, the insider spent $2,219,458. EVP and CIO, Dachille Douglas A., disposed of 19,712 shares at a price of $53.23 on Jun 02. The insider now owns more than $1,049,272 worth of shares. Prior to that, Executive Chair DUPERREAULT BRIAN went on to Sale 65,035 shares at $50.49 each on May 11. An amount of $3,283,355 was transacted.

Valuation Metrics

American International Group Inc. (AIG) has a trailing price-to-earnings (P/E) ratio of 12.02, which compares with the 13.00 for the broader industry and 12.92 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, American International Group Inc.’s PE ratio has ranged between 1651.50 and 4.117. The stock’s beta is 1.34. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.08, the price-to-book (PB) ratio at 0.75, and the price-to-cash flow ratio at 34.13.

American International Group Inc. pays a $1.28 dividend per share annually. It offers a dividend yield of 2.21%. The company has a payout ratio of 26.60%. The company’s most recent quarterly dividend payment took place on Sep. 30, and it was $0.32 a share, without any change from last year. Its dividend has been increased for the last 8 consecutive years with the latest increase dividend $0.04 reported on Thursday February 11 2016.

American International Group Inc. will next go ex-dividend on 13-Dec. The next dividend payment American International Group Inc. will make is expected to be $0.32.

Further, the company has a long term debt to equity ratio of 0.54 and a total debt to equity ratio of 0.54 for the quarter ending June 29. Its gross profit as reported stood at -$7.29 billion compared to revenue of $43.74 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, American International Group Inc.’s return on assets was 0.70%, compared to -0.4% over the last five years. Meanwhile, the return on equity (ROE) for the past 12 months has been 6.50% and the 5-year average holds at -2.7%. For the broader industry, ROE averaged 11.41 over the past year.

Earnings Surprise

The analyst consensus anticipated American International Group Inc.’s latest quarter earnings to come in at $1.2 per share, but it turned out to be $1.52, a 26.70% surprise. For the quarter, EBITDA amounted to $1.54 billion. At the end of the quarter ending June 29, American International Group Inc.’s stock balance sheet showed total debt was $35.73 billion. Shareholders own equity worth $855.2 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at American International Group Inc. (AIG) price momentum. RSI 9-day as of the close on 06 October was 70.47%, suggesting the stock is Overbought, with historical volatility in this time frame at 28.41%.

As of today, AIG’s price is $56.80 +5.52% or $3.03 from its 5-day moving average. AIG is currently trading +5.91% higher than its 20-day SMA and +12.31% higher than its 100-day SMA. However, the stock’s current price level is +23.37% above the SMA50 and +54.99% above the SMA200.

The stochastic %K and %D were 95.85% and 85.65%, respectively, and the average true range (ATR) was 1.26. With the 14-day stochastic at 99.92% and the average true range at 1.24, the RSI (14) stands at 66.78%. The stock has reached 1.15 on the 9-day MACD Oscillator while the 14-day reading was at 2.07.

Analyst Ratings

Wolfe Research launched coverage on American International Group Inc. (NYSE: AIG) in its analyst report released on August 17, 2021. The firm assigned the stock a an Outperform rating.The consensus rating for American International Group Inc. (AIG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AIG, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 8 others rate it as a “buy”.

What is AIG’s price target for the next 12 months?

Analysts predict a range of price targets between $50.00 and $65.00, with a median target of $59.00. Taking a look at these predictions, the average price target given by analysts for American International Group Inc. (AIG) stock is $58.67.


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