American International Group Inc (NYSE: AIG) has seen a decline in its stock price by -0.18 in relation to its previous close of 73.89. However, the company has experienced a 0.89% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-19 that Keith Walsh’s deep financial expertise and industry knowledge make him well-equipped to take on the role of CFO at American International.
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 12.88x, which is above its average ratio. Moreover, the 36-month beta value for AIG is 1.08. Analysts have varying opinions on the stock, with 7 analysts rating it as a “buy,” 3 as “overweight,” 7 as “hold,” and 1 as “sell.”
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The public float for AIG is 642.00M and currently, short sellers hold a 1.38% of that float. On September 23, 2024, AIG’s average trading volume was 4.45M shares.
AIG’s Market Performance
AIG stock saw a decrease of 0.89% in the past week, with a monthly decline of -0.79% and a quarterly a decrease of -1.51%. The volatility ratio for the week is 1.48%, and the volatility levels for the last 30 days are 1.98% for American International Group Inc (AIG). The simple moving average for the last 20 days is -0.57% for AIG stock, with a simple moving average of 0.42% for the last 200 days.
Analysts’ Opinion of AIG
Many brokerage firms have already submitted their reports for AIG stocks, with Barclays repeating the rating for AIG by listing it as a “Overweight.” The predicted price for AIG in the upcoming period, according to Barclays is $90 based on the research report published on September 05, 2024 of the current year 2024.
HSBC Securities, on the other hand, stated in their research note that they expect to see AIG reach a price target of $86. The rating they have provided for AIG stocks is “Hold” according to the report published on May 15th, 2024.
BofA Securities gave a rating of “Neutral” to AIG, setting the target price at $77 in the report published on February 20th of the current year.
AIG Trading at -1.14% 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 -8.75% of loss for the given period.
Volatility was left at 1.98%, however, over the last 30 days, the volatility rate increased by 1.48%, as shares sank -1.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.16% lower at present.
During the last 5 trading sessions, AIG rose by +0.89%, which changed the moving average for the period of 200-days by +11.76% in comparison to the 20-day moving average, which settled at $74.13. In addition, American International Group Inc saw 8.87% 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 5,000,000 shares at the price of $28.86 back on Sep 16 ’24. After this action, AMERICAN INTERNATIONAL GROUP, now owns 279,238,898 shares of American International Group Inc, valued at $144,300,000 using the latest closing price.
American International Group, the 10% Owner of American International Group Inc, proposed sale 5,000,000 shares at $27.18 during a trade that took place back on Sep 16 ’24, which means that American International Group, is holding shares at $135,900,000 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
- 0.68 for the gross margin
The net margin for American International Group Inc stands at 0.14. The total capital return value is set at 0.04. Equity return is now at value 8.77, with 1.28 for asset returns.
Based on American International Group Inc (AIG), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 0.66. The debt to equity ratio resting at 0.22. The interest coverage ratio of the stock is 4.58.
Currently, EBITDA for the company is 3.88 billion with net debt to EBITDA at 2.18. When we switch over and look at the enterprise to sales, we see a ratio of 1.68. The receivables turnover for the company is 2.86for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.05.
Conclusion
To wrap up, the performance of American International Group Inc (AIG) has been mixed in recent times. The stock has received a mixed of “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.
