American International Group Inc. (NYSE:AIG) saw an upside of 0.10% to close Tuesday at $63.16 after adding $0.06 on the day. The 5-day average trading volume is 3,714,560 shares of the company’s common stock. It has gained $64.03 in the past week and touched a new high 1 time within the past 5 days. An average of 3,485,190 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,530,702.
The company’s shares have touched a 52-week low of $47.05 and high of $65.73, with the stock’s rally to the 52-week high happening on 01/09/23. YTD, AIG has lost -0.13% or -$0.08 and has reached a new high 4 times. However, the current price is down -3.91% from the 52-week high price.
AIG stock investors last saw insider trading activity on Sep 19.AMERICAN INTERNATIONAL GROUP, (10% Owner) most recently sold 80,000,000 shares at $21.00 per share on Sep 19. This transaction cost the insider $1,680,000,000. EVP, GC, Comms & Govt Affairs, Fato Luciana, sold 17,000 shares at a price of $54.01 on Aug 24. Then, on Feb 18, EVP and Chief Info. Officer Repko John P sold 7,646 shares at a price of $61.88 per share. This transaction amounted to $473,108.
AIG stock has a beta of 1.20. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.79 while the price-to-book (PB) in the most recent quarter is 1.25, with the price to cash flow ratio at 11.71.
As well, the company’s long term debt to equity for the quarter ending September 29 was 1.44, while the total debt to equity was 1.44. The firm’s gross profit as reported stood at $12.1 billion against revenue of $52.06 billion.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 38.56% to $2.7 billion, while revenue of $3.03 billion was -12.07% off the previous quarter. Analysts expected AIG to announce $0.53 per share in earnings in its latest quarter, but it posted $0.66, representing a 24.50% surprise. EBITDA for the quarter stood at more than $5.36 billion. Shareholders hold equity totaling $742.98 million.
Let’s look briefly at American International Group Inc. (AIG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 50.92% to suggest the stock is trending Neutral, with historical volatility in this time period at 18.07%.
The stock’s 5-day moving average is $62.53, reflecting a -0.97% or -$0.62 change from its current price. AIG is currently trading +1.22% above its 20-day SMA, +20.56% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +8.04% and SMA200 by+2.18%.
Stochastic %K and %D was 52.25% and 35.34% and the average true range (ATR) pointed at 1.17. The RSI (14) points at 52.27%, while the 14-day stochastic is at 58.32% with the period’s ATR at 1.17. The stock’s 9-day MACD Oscillator is pointing at -0.20 and -0.46 on the 14-day charts.
In the most recent analyst report for American International Group Inc. (NYSE: AIG), BMO Capital Markets launched coverage with a Market perform rating. Analysts offering their rating for AIG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate AIG as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 10 have offered a “buy” rating.
What is AIG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $60.00 and a high of $86.00, with their median price target at $70.50. Looking at these predictions, the average price target given by analysts is for American International Group Inc. (AIG) stock is $70.94.