American International Group Inc (NYSE: AIG) has a higher price-to-earnings ratio of 14.62x compared to its average ratio, The 36-month beta value for AIG is at 1.04. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 3 rating it as “overweight,” 7 as “hold,” and 1 as “sell.”
The public float for AIG is 679.27M, and currently, shorts hold a 1.16% of that float. The average trading volume for AIG on April 16, 2024 was 4.01M shares.
AIG) stock’s latest price update
The stock of American International Group Inc (NYSE: AIG) has decreased by -0.86 when compared to last closing price of 73.68. Despite this, the company has experienced a -6.17% fall in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-10 that American International Group stock has increased by over 48% in the past year, indicating market confidence in the company. This reflects substantial improvements in their underwriting for property casualty over the past decade. With more improvements to come, focused buybacks, and steady dividends, AIG is poised to be a solid compounder for long-term investors.
AIG’s Market Performance
AIG’s stock has fallen by -6.17% in the past week, with a monthly drop of -3.69% and a quarterly rise of 8.22%. The volatility ratio for the week is 2.39% while the volatility levels for the last 30 days are 1.70% for American International Group Inc The simple moving average for the last 20 days is -4.66% for AIG stock, with a simple moving average of 11.83% for the last 200 days.
Analysts’ Opinion of AIG
Many brokerage firms have already submitted their reports for AIG stocks, with BofA Securities repeating the rating for AIG by listing it as a “Neutral.” The predicted price for AIG in the upcoming period, according to BofA Securities is $77 based on the research report published on February 20, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see AIG reach a price target of $78. The rating they have provided for AIG stocks is “Market Perform” according to the report published on January 10th, 2024.
JP Morgan gave a rating of “Neutral” to AIG, setting the target price at $73 in the report published on January 08th of the current year.
AIG Trading at -0.72% from the 50-Day Moving Average
After a stumble in the market that brought AIG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.47% of loss for the given period.
Volatility was left at 1.70%, however, over the last 30 days, the volatility rate increased by 2.39%, as shares sank -4.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.15% upper at present.
During the last 5 trading sessions, AIG fell by -6.17%, which changed the moving average for the period of 200-days by +29.38% in comparison to the 20-day moving average, which settled at $76.46. In addition, American International Group Inc saw 7.82% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AIG starting from Zaffino Peter, who sale 333,000 shares at the price of $75.87 back on Mar 15 ’24. After this action, Zaffino Peter now owns 505,420 shares of American International Group Inc, valued at $25,265,116 using the latest closing price.
Inglis John C, the Director of American International Group Inc, purchase 659 shares at $75.39 during a trade that took place back on Mar 14 ’24, which means that Inglis John C is holding 659 shares at $49,682 based on the most recent closing price.
Stock Fundamentals for AIG
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.91 for the gross margin
The net margin for American International Group Inc stands at 0.09. The total capital return value is set at 0.0. Equity return is now at value 8.54, with 0.79 for asset returns.
Based on American International Group Inc (AIG), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is 1.92.
Currently, EBITDA for the company is 3.88 billion with net debt to EBITDA at 4.67. When we switch over and look at the enterprise to sales, we see a ratio of 1.48. The receivables turnover for the company is 4.47for trailing twelve months and the total asset turnover is 0.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.80.
Conclusion
In conclusion, American International Group Inc (AIG) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
