American International Group Inc. (NYSE:AIG) finished Wednesday with an addition of $0.28 to close at $57.62, an upside of 0.49 percent. An average of 2,572,060 shares of common stock have been traded in the last five days. There was a fall of -$0.99 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 2,881,240 shares traded, while the 50-day average volume stands at 3,373,652.
AIG stock has decreased by -3.79% in the last month. The company shares reached their 1-month lowest point of $57.02 on 08/22/23. With the stock rallying to its 52-week high on 01/09/23, shares of the company touched a low of $45.66 and a high of $64.88 in 52 weeks. It has reached a new high 4 times so far this year and lost -8.89% or -$5.62 in price. In spite of this, the price is down -11.18% from the 52-week high.
Insider Transactions
AIG stock investors should be aware that American International Group Inc. (AIG) stock had its last reported insider trading activity 15 days ago on Aug 09. In this transaction, the insider spent $475,504. 10% Owner, AMERICAN INTERNATIONAL GROUP,, disposed of 10,981,108 shares at a price of $16.41 on Jun 23. The insider now owns more than $180,199,982 worth of shares. Prior to that, 10% Owner AMERICAN INTERNATIONAL GROUP, went on to Sale 74,750,000 shares at $16.25 each on Jun 12. An amount of $1,214,687,500 was transacted.
Valuation Metrics
American International Group Inc. (AIG) has a trailing price-to-earnings (P/E) ratio of 9.74. The stock’s beta is 1.15. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.82, the price-to-book (PB) ratio at 1.00, and the price-to-cash flow ratio at 9.24.
The company has a payout ratio of 22.10%. The company’s most recent quarterly dividend payment was $0.36 a share, without any change from last year. Its latest increase dividend $0.04 reported on Thursday May 4 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.54 and a total debt to equity ratio of 0.58 for the quarter ending June 29. Its gross profit as reported stood at $14.28 billion compared to revenue of $56.44 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 0.80%.
Earnings Surprise
For the three-month period that ended June 29, American International Group Inc. had $21.35 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.49 billion in the quarter, while revenues were shrunk -103.91%. The analyst consensus anticipated American International Group Inc.’s latest quarter earnings to come in at $1.59 per share, but it turned out to be $1.75, a 10.10% surprise. For the quarter, EBITDA amounted to $3.23 billion. At the end of the quarter ending June 29, American International Group Inc.’s stock balance sheet showed total debt was $24.15 billion. Shareholders own equity worth $711.9 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 23 August was 30.40%, suggesting the stock is Neutral, with historical volatility in this time frame at 9.57%.
As of today, AIG’s price is $57.75 -1.69% or -$0.99 from its 5-day moving average. AIG is currently trading -5.29% lower than its 20-day SMA and +15.66% higher than its 100-day SMA. However, the stock’s current price level is +2.49% above the SMA50 and +0.02% above the SMA200.
The stochastic %K and %D were 8.55% and 7.34%, respectively, and the average true range (ATR) was 1.00. With the 14-day stochastic at 11.32% and the average true range at 1.05, the RSI (14) stands at 38.31%. The stock has reached -0.92 on the 9-day MACD Oscillator while the 14-day reading was at -1.80.
Analyst Ratings
Morgan Stanley launched coverage on American International Group Inc. (NYSE: AIG) in its analyst report released on June 20, 2023. The firm assigned the stock an Equal-weight 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 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 10 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 $62.00 and $81.00, with a median target of $70.00. Taking a look at these predictions, the average price target given by analysts for American International Group Inc. (AIG) stock is $70.53.
