American International Group Inc (NYSE: AIG)’s stock price has gone rise by 0.64 in comparison to its previous close of 77.24, however, the company has experienced a 2.18% increase in its stock price over the last five trading days. zacks.com reported 2024-07-26 that Looking beyond Wall Street’s top -and-bottom-line estimate forecasts for American International Group (AIG), delve into some of its key metrics to gain a deeper insight into the company’s potential performance for the quarter ended June 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 11.60x. The 36-month beta value for AIG is also noteworthy at 1.09. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 3 rating it as “overweight,” 7 rating it as “hold,” and 1 rating it as “sell.”
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The public float for AIG is 661.71M, and at present, short sellers hold a 1.34% of that float. The average trading volume of AIG on July 29, 2024 was 4.44M shares.
AIG’s Market Performance
AIG stock saw an increase of 2.18% in the past week, with a monthly gain of 3.69% and a quarterly increase of 4.30%. The volatility ratio for the week is 2.24%, and the volatility levels for the last 30 days are 1.94% for American International Group Inc (AIG). The simple moving average for the past 20 days is 2.19% for AIG’s stock, with a 8.94% simple moving average for the past 200 days.
Analysts’ Opinion of AIG
Many brokerage firms have already submitted their reports for AIG stocks, with HSBC Securities repeating the rating for AIG by listing it as a “Hold.” The predicted price for AIG in the upcoming period, according to HSBC Securities is $86 based on the research report published on May 15, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see AIG reach a price target of $77, previously predicting the price at $75. The rating they have provided for AIG stocks is “Neutral” according to the report published on February 20th, 2024.
TD Cowen gave a rating of “Market Perform” to AIG, setting the target price at $78 in the report published on January 10th of the current year.
AIG Trading at 1.84% 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 -3.83% of loss for the given period.
Volatility was left at 1.94%, however, over the last 30 days, the volatility rate increased by 2.24%, as shares surge +4.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.79% lower at present.
During the last 5 trading sessions, AIG rose by +1.85%, which changed the moving average for the period of 200-days by +26.68% in comparison to the 20-day moving average, which settled at $76.23. In addition, American International Group Inc saw 14.74% 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 AMERICAN INTERNATIONAL GROUP, who sale 1,932,609 shares at the price of $29.20 back on Jul 02 ’24. After this action, AMERICAN INTERNATIONAL GROUP, now owns 292,271,027 shares of American International Group Inc, valued at $56,432,183 using the latest closing price.
Inglis John C, the Director of American International Group Inc, purchase 7 shares at $74.89 during a trade that took place back on Jun 28 ’24, which means that Inglis John C is holding 666 shares at $518 based on the most recent closing price.
Stock Fundamentals for AIG
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.77 for the gross margin
The net margin for American International Group Inc stands at 0.14. The total capital return value is set at 0.01. Equity return is now at value 11.14, with 1.03 for asset returns.
Based on American International Group Inc (AIG), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 0.51. The interest coverage ratio of the stock is 4.64.
Currently, EBITDA for the company is 3.88 billion with net debt to EBITDA at 3.34. When we switch over and look at the enterprise to sales, we see a ratio of 1.79. The receivables turnover for the company is 3.55for trailing twelve months and the total asset turnover is 0.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 22.44.
Conclusion
In summary, American International Group Inc (AIG) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as 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.
