As of Friday close, American International Group Inc.’s (NYSE:AIG) stock was down -$0.45, moving down -0.74 percent to $60.69. The average number of shares traded per day over the past five days has been 3,931,300 shares. 2 times new highs have been achieved over the past 5 days, with a $0.53 gain in that time frame. In the last twenty days, the average volume was 3,391,635, while in the previous 50 days, it was 3,823,400.
Since last month, AIG stock rose 5.36%. Shares of the company fell to $56.88 on 07/05/23, the lowest level in the past month. A 52-week high of $64.88 was reached on 01/09/23 after having rallying from a 52-week low of $45.66. Since the beginning of this year, AIG’s stock price has dropped by -4.03% or -$2.55, and marked a new high 4 times. However, the stock has declined by -6.45% since its 52-week high.
AIG stock investors should be aware that American International Group Inc. (AIG) stock had its last reported insider trading activity 43 days ago on Jun 23. AMERICAN INTERNATIONAL GROUP, the 10% Owner of the company, disposed of 10,981,108 shares for $16.41 on Jun 23. It resulted in a $180,199,982 divestment by the insider. AMERICAN INTERNATIONAL GROUP, added 800,000 shares at an average price of $25.00 on Jun 14. The insider now owns 400,000 shares following the transaction. On Jun 12, 10% Owner AMERICAN INTERNATIONAL GROUP, sold 74,750,000 shares at $16.25 apiece. The transaction was valued at $1,214,687,500.
Valuation Metrics
Right now, American International Group Inc. (AIG) has a P/E ratio of about 7.91. The stock’s beta is 1.15. Besides these, the trailing price-to-sales (P/S) ratio of 0.86, the price-to-book (PB) ratio of 1.05, and the price-to-cash flow ratio of 12.00 may also be considered.
The latest dividend of $0.36 per share was paid out, remained unchanged from last year’s $0.36. On Thursday May 4 2023, a $0.04 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.56, and the total debt-to-equity ratio was 0.61. In the year ended June 29, operating margins totaled 18.60%. Based on annual data, AIG earned $14.28 billion in gross profit and brought in $56.44 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 17.80%. Return on equity (ROE) for the past 12 months was 14.40%.
In American International Group Inc.’s quarter-end financial report for June 29, it reported total debt of $21.35 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AIG’s revenue fell -19.59% to $10.98 billion during the quarter, while net income inched up to $13.22 billion. While analysts expected American International Group Inc. to report $1.59 quarterly earnings, the actual figure was $1.75 per share, beating the consensus estimate by 10.10%. During the quarter, the company generated $3.23 billion in EBITDA. The value of shareholders’ equity is $711.9 million.
Technical Picture
This quick technical analysis looks at American International Group Inc.’s (AIG) price momentum. With a historical volatility rate of 13.31%, the RSI 9-day stood at 60.13% on 04 August.
With respect to its five-day moving average, the current American International Group Inc. price is up by +0.88% percent or $0.53. At present, AIG shares trade +4.28% above its 20-day simple moving average and +21.21% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.82% above its SMA50 and +17.32% above its SMA200.
Stochastic coefficient K was 70.14% and Stochastic coefficient D was 72.62%, while ATR was 1.09. Given the Stochastic reading of 54.52% for the 14-day period, the RSI (14) reading has been calculated as 61.44%. As of today, the MACD Oscillator reading stands at 0.45, while the 14-day reading stands at 0.73.
Analyst Ratings
Morgan Stanley launched its rating on American International Group Inc. (NYSE: AIG) to an Equal-weight in a note to investors on June 20, 2023. American International Group Inc. (AIG) has been rated Overweight by analysts. According to 0 brokerage firms, AIG is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate American International Group Inc. stock as buy, with 10 recommending it as overweight.
With a median target price of $70.00, the current consensus forecast for the stock is $61.00 – $81.00. Based on these forecasts, analysts predict American International Group Inc. (AIG) will achieve an average price target of $69.80.
