At the last check on Thursday, American International Group Inc.’s (NYSE:AIG) stock was down -$0.38, moving down -0.65 percent to $58.23. The average number of shares traded per day over the past five days has been 2,045,369 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.09 fall in that time frame. In the last twenty days, the average volume was 2,857,052, while in the previous 50 days, it was 3,444,961.
Since last month, AIG stock retreated -1.51%. Shares of the company fell to $58.19 on 08/17/23, 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 -7.92% or -$4.91, and marked a new high 4 times. However, the stock has declined by -10.24% 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 8 days ago on Aug 09. Carbone Kathleen, the VP & Chief Accounting Officer of the company, disposed of 7,757 shares for $61.30 on Aug 09. It resulted in a $475,504 divestment by the insider. AMERICAN INTERNATIONAL GROUP, sold 10,981,108 shares at an average price of $16.41 on Jun 23. The insider now owns 415,413,892 shares following the transaction. On Jun 14, 10% Owner AMERICAN INTERNATIONAL GROUP, bought 800,000 shares at $25.00 apiece. The transaction was valued at $20,000,000.
Valuation Metrics
Right now, American International Group Inc. (AIG) has a P/E ratio of about 9.84. The stock’s beta is 1.15. Besides these, the trailing price-to-sales (P/S) ratio of 0.82, the price-to-book (PB) ratio of 1.01, and the price-to-cash flow ratio of 9.30 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 0.54, and the total debt-to-equity ratio was 0.58. In the year ended June 29, operating margins totaled 13.80%. 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 10.90%.
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 17.27%, the RSI 9-day stood at 31.82% on 16 August.
With respect to its five-day moving average, the current American International Group Inc. price is down by -3.46% percent or -$2.09. At present, AIG shares trade -3.17% below its 20-day simple moving average and +23.22% percent above its 100-day simple moving average. However, the stock is currently trading approximately +4.29% above its SMA50 and +2.69% above its SMA200.
Stochastic coefficient K was 4.89% and Stochastic coefficient D was 9.54%, while ATR was 1.11. Given the Stochastic reading of 3.51% for the 14-day period, the RSI (14) reading has been calculated as 41.13%. As of today, the MACD Oscillator reading stands at -1.45, while the 14-day reading stands at -1.71.
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 $62.00 – $81.00. Based on these forecasts, analysts predict American International Group Inc. (AIG) will achieve an average price target of $70.67.
