Stocks of American International Group Inc. (NYSE:AIG) traded higher last session on Wall Street, down -0.85% to $53.85.
According to the data, American International Group Inc. (NYSE:AIG) has 20 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $79.00 and a low of $58.00, we find $70.00. Given the previous closing price of $54.31, this indicates a potential upside of 28.89 percent. AIG stock price is now 5.22% away from the 50-day moving average and -4.18% away from the 200-day moving average. The market capitalization of the company currently stands at $39.31B.
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A total of 8 analysts have issued a hold rating and 10 have given it a buy rating. Brokers who have rated the stock have averaged $68.80 as their price target over the next twelve months.
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In other news, AMERICAN INTERNATIONAL GROUP,, 10% Owner sold 80,000,000 shares of the company’s stock on Sep 19. The stock was sold for $1,680,000,000 at an average price of $21.00. Upon completion of the transaction, the 10% Owner now directly owns 501,145,000 shares in the company, valued at $26.99 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 01, 10% Owner AMERICAN INTERNATIONAL GROUP, bought 720,000 shares of the business’s stock. A total of $18,000,000 was incurred on buying the stock at an average price of $25.00. This leaves the insider owning 720,000 shares of the company worth $38.77 million. Insiders disposed of 512,053 shares of company stock worth roughly $27.57 million over the past 1 year. A total of 0.32% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AIG stock. A new stake in American International Group Inc. shares was purchased by SESSA CAPITAL IM, L.P. during the first quarter worth $78,102,000. TWINBEECH CAPITAL LP invested $62,936,000 in shares of AIG during the first quarter. In the first quarter, STEADFAST CAPITAL MANAGEMENT LP acquired a new stake in American International Group Inc. valued at approximately $61,497,000. FERGUSON WELLMAN CAPITAL MANAGEMENT, INC acquired a new stake in AIG for approximately $28,491,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC purchased a new stake in AIG valued at around $19,734,000 in the second quarter. In total, there are 1,284 active investors with 92.00% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $54.74 for American International Group Inc. (NYSE: AIG). During the past 12 months, American International Group Inc. has had a low of $45.66 and a high of $64.88. According to the stock market information, the enterprise value for the company is $65.08B, which is based on a 7.02 price-to-earnings ratio, a 0.45 price-to-earnings-growth ratio, and a beta of 1.13. The fifty day moving average price for AIG is $51.14 and a two-hundred day moving average price translates $56.21 for the stock.
The latest earnings results from American International Group Inc. (NYSE: AIG) was released for Mar, 2023. According to the Insurance – Diversified Company, earnings per share came in at $1.63, beating analysts’ expectations of $1.42 by 0.21. This compares to $5.04 EPS in the same period last year. The net profit margin was 11.70% and return on equity was 14.40% for AIG. The company reported revenue of $10.98 billion for the quarter, compared to $14.94 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -26.5 percent. For the current quarter, analysts expect AIG to generate $11.75B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/30/2023. Investors who held shares on 06/16/2023 were paid a $0.36 dividend. On an annualized basis, this represents a $1.44 dividend and a 2.67% percent yield. There was an ex-dividend date of 06/15/2023 for this dividend. In terms of dividend payout ratio, AIG is presently at 16.50%.
American International Group Inc.(AIG) Company Profile
American International Group, Inc. offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through General Insurance, and Life and Retirement segments. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance. This segment also offers marine, energy-related property insurance, aviation, political risk, trade credit, trade finance, and portfolio solutions, as well as operates reinsurance business; voluntary and sponsor-paid personal accident, and supplemental health products; and personal auto and personal property insurance. The Life and Retirement segment offers individual retirement products, including variable, fixed index, and fixed annuities, as well as retail mutual funds; group retirement products comprising record-keeping, plan administrative and compliance services, financial planning, and advisory solutions; life insurance, including term and universal life insurance; and institutional markets products, which includes wrap products, structured settlement, pension risk transfer annuities, corporate and bank-owned life insurance, high net worth, and guaranteed investment contract products. The company distributes its products through a network of brokers, agents, advisors, banks, and other distributors. American International Group, Inc. was founded in 1919 and is headquartered in New York, New York.
