The stock of American International Group Inc. (NYSE:AIG) decreased by -$0.27 on Monday to $57.58, down -0.48 percent. The last five days have seen an average of 2,398,034 shares of common stock traded. 4 times new highs were reached in the current year, with a fall of -$5.65. The average number of shares traded over the last 20 days was 2,667,994, while the average volume over the last 50 days totaled 3,255,219.
AIG stock dropped -4.30% since last month. On 08/22/23, the company’s shares reached a one-month low of $57.02. The stock touched a high of $64.88 on 01/09/23, after rallying from a low of $45.66 in 52 weeks. The price of AIG stock has declined by -8.96% or -$5.65 this year, reaching a new high 4 times. Still, the stock price is down -11.25% 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 19 days ago on Aug 09. On Aug 09, VP & Chief Accounting Officer Carbone Kathleen sold 7,757 shares at $61.30 each. This transaction resulted in the insider making $475,504. On Jun 23, AMERICAN INTERNATIONAL GROUP, sold 10,981,108 shares at a price of US$16.41. After the transaction, the insider now owns 415,413,892 shares. 10% Owner AMERICAN INTERNATIONAL GROUP, had earlier bought 800,000 shares on Jun 14 for $25.00 a share. The transaction was completed for $20,000,000.
Valuation Metrics
American International Group Inc. (AIG) has a trailing price-to-earnings (P/E) ratio of 9.73. Beta for the stock is 1.15. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.82, the price-to-book (PB) ratio of 1.00, and the price-to-cash flow ratio of 9.25.
Company paid $0.36 per share in dividends, remained unchanged from $0.36 last year. A $0.04 dividend increase was reported on Thursday May 4 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 30 is 0.54, and the total debt to equity ratio is 0.58. American International Group Inc.’s operating margin stood at 13.80% for the same period. Based on annual data, it had gross profit of $14.28 billion and revenue of $56.44 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AIG’s return on assets (ROA) during the last 12 months has been 0.80%. There was a 17.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 10.90%.
Earnings Surprise
According to American International Group Inc.’s quarterly financial report for the quarter that ended June 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $13.22 billion, while revenues fell by -9.25% to $10.98 billion. It was predicted that American International Group Inc.’s quarterly earnings would be $1.75, but it ended up being $1.59, beating the consensus by 10.10%. EBITDA was $3.23 billion for the quarter. At the end of American International Group Inc.’s most recent quarter ended June 30, its total debt was $24.15 billion. Equity owned by shareholders amounts to $711.9 million.
Technical Picture
Here’s a quick look at American International Group Inc.’s (AIG) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 33.67%, suggesting the stock is Neutral, with a 8.16% historical volatility rate.
The stochastic %K and %D were 16.89% and 15.29% respectively, while the average true range (ATR) was 1.02. Based on the 14-day stochastic reading of 12.64%, the RSI (14) reading is 39.41%. On the 9-day MACD Oscillator, the stock is at -0.03, and the 14-day reading is at -0.78.
Analyst Ratings
In its analyst report released on June 20, 2023, Morgan Stanley began covering American International Group Inc. (NYSE: AIG). The stock was rated as an Equal-weight by the brokerage firm. Analysts have assigned American International Group Inc. (AIG) an Overweight rating. AIG is a stock that is recommended for selling by 0 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 10 others recommend it as a buy.
What is AIG’s price target for the next 12 months?
The current consensus forecast for the stock is between $62.00 and $81.00, with a median target price of $70.00. In analyzing these forecasts, the average price target given by analysts for American International Group Inc. (AIG) is $70.53.
