In yesterday’s Wall Street session, American International Group Inc (NYSE:AIG) shares traded at $65.41, up 0.06% from the previous session.
AIG stock price is now 4.51% away from the 50-day moving average and 13.36% away from the 200-day moving average. The market capitalization of the company currently stands at $45.92B.
In other news, AMERICAN INTERNATIONAL GROUP, , 10% Owner sold 35,000,000 shares of the company’s stock on Dec 05. The stock was sold for $717,500,000 at an average price of $20.50. Upon completion of the transaction, the 10% Owner now directly owns 330,413,892 shares in the company, valued at $21.61 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08, 10% Owner AMERICAN INTERNATIONAL GROUP, sold 50,000,000 shares of the business’s stock. A total of $1,025,000,000 was realized by selling the stock at an average price of $20.50. This leaves the insider owning 365,413,892 shares of the company worth $23.9 billion. Insiders disposed of 472,499 shares of company stock worth roughly $30.91 million over the past 1 year. A total of 0.16% of the company’s stock is owned by insiders.
Thursday morning saw American International Group Inc (NYSE: AIG) opened at $65.68. During the past 12 months, American International Group Inc has had a low of $45.66 and a high of $66.68. According to the stock market information, the enterprise value for the company is $68.44B, which is based on a 12.52 price-to-earnings ratio, a 0.79 price-to-earnings-growth ratio, and a beta of 1.04. The fifty day moving average price for AIG is $62.67 and a two-hundred day moving average price translates $57.72 for the stock.
The latest earnings results from American International Group Inc (NYSE: AIG) was released for Sep, 2023. According to the Insurance – Diversified Company, earnings per share came in at $1.61, beating analysts’ expectations of $1.5 by 0.11. This compares to $3.55 EPS in the same period last year. The net profit margin was 7.73% and return on equity was 9.67% for AIG. The company reported revenue of $12.77 billion for the quarter, compared to $14.0 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.74 percent. For the current quarter, analysts expect AIG to generate $12.09B in revenue.
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.
