American International Group Inc (NYSE: AIG)’s stock price has decreased by -0.13 compared to its previous closing price of 74.63. However, the company has seen a 0.40% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-26 that Beyond analysts’ top -and-bottom-line estimates for American International Group (AIG), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.
Is It Worth Investing in American International Group Inc (NYSE: AIG) Right Now?
The price-to-earnings ratio for American International Group Inc (NYSE: AIG) is above average at 14.92x, Company’s 36-month beta value is 1.03.Analysts have differing opinions on the stock, with 7 analysts rating it as a “buy,” 3 as “overweight,” 7 as “hold,” and 1 as “sell.”
The public float for AIG is 672.21M, and currently, short sellers hold a 1.16% ratio of that floaft. The average trading volume of AIG on April 29, 2024 was 4.03M shares.
AIG’s Market Performance
AIG’s stock has seen a 0.40% increase for the week, with a -4.86% drop in the past month and a 7.19% gain in the past quarter. The volatility ratio for the week is 1.25%, and the volatility levels for the past 30 days are at 1.81% for American International Group Inc The simple moving average for the past 20 days is -1.20% for AIG’s stock, with a 12.83% simple moving average for the past 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 0.13% 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 -5.60% of loss for the given period.
Volatility was left at 1.81%, however, over the last 30 days, the volatility rate increased by 1.25%, as shares sank -4.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.75% upper at present.
During the last 5 trading sessions, AIG rose by +0.40%, which changed the moving average for the period of 200-days by +27.08% in comparison to the 20-day moving average, which settled at $75.25. In addition, American International Group Inc saw 10.01% 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 1.49. 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 a nutshell, American International Group Inc (AIG) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
