American International Group Inc (NYSE:AIG) saw a downside of -1.40% to close Tuesday at $61.26 after subtracting -$0.87 on the day. The 5-day average trading volume is 2,914,960 shares of the company’s common stock. It has gained $62.94 in the past week and touched a new high 1 time within the past 5 days. An average of 2,966,075 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,960,646.
AIG’s 1-month performance is 5.89% or $3.41 on its low of $57.45 reached on 08/28/23. The company’s shares have touched a 52-week low of $45.66 and high of $64.88, with the stock’s rally to the 52-week high happening on 01/09/23. YTD, AIG has lost -3.13% or -$1.98 and has reached a new high 4 times. However, the current price is down -5.57% from the 52-week high price.
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Insider Transactions
AIG stock investors last saw insider trading activity on Aug 09.Carbone Kathleen (VP & Chief Accounting Officer) most recently sold 7,757 shares at $61.30 per share on Aug 09. This transaction cost the insider $475,504. 10% Owner, AMERICAN INTERNATIONAL GROUP,, sold 10,981,108 shares at a price of $16.41 on Jun 23. Then, on Jun 12, 10% Owner AMERICAN INTERNATIONAL GROUP, sold 74,750,000 shares at a price of $16.25 per share. This transaction amounted to $1,214,687,500.
Valuation Metrics
AIG stock has a beta of 1.12. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.86 while the price-to-book (PB) in the most recent quarter is 1.05, with the price to cash flow ratio at 9.30.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.53, while the total debt to equity was 0.57. The firm’s gross profit as reported stood at $14.28 billion against revenue of $56.44 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -103.91% to $1.49 billion, while revenue of $23.0 million was 98.45% off the previous quarter. Analysts expected AIG to announce $1.59 per share in earnings in its latest quarter, but it posted $1.75, representing a 10.10% surprise. EBITDA for the quarter stood at more than $3.23 billion. Shareholders hold equity totaling $711.9 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 26 September was 55.15% to suggest the stock is trending Neutral, with historical volatility in this time period at 15.02%.
The stock’s 5-day moving average is $61.72, reflecting a -1.76% or -$1.10 change from its current price. AIG is currently trading +5.86% above its 20-day SMA, +19.30% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +3.65% and SMA200 by-1.24%.
Stochastic %K and %D was 70.27% and 72.43% and the average true range (ATR) pointed at 0.92. The RSI (14) points at 57.32%, while the 14-day stochastic is at 57.79% with the period’s ATR at 0.94. The stock’s 9-day MACD Oscillator is pointing at -0.01 and 0.57 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for American International Group Inc (NYSE: AIG), Morgan Stanley launched coverage with an Equal-weight 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 7 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 $62.00 and a high of $81.00, with their median price target at $70.00. Looking at these predictions, the average price target given by analysts is for American International Group Inc (AIG) stock is $70.81.
