Stocks of American International Group Inc (NYSE:AIG) traded higher last session on Wall Street, down -1.10% to $66.49.
AIG stock price is now 5.24% away from the 50-day moving average and 14.95% away from the 200-day moving average. The market capitalization of the company currently stands at $46.68B.
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 $21.97 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 $24.3 billion. Insiders disposed of 468,565 shares of company stock worth roughly $31.15 million over the past 1 year. A total of 0.16% of the company’s stock is owned by insiders.
During the past 12 months, American International Group Inc has had a low of $45.66 and a high of $67.39. According to the stock market information, the enterprise value for the company is $69.22B, which is based on a 12.73 price-to-earnings ratio, a 0.81 price-to-earnings-growth ratio, and a beta of 1.04. The fifty day moving average price for AIG is $63.18 and a two-hundred day moving average price translates $57.84 for the stock.
The latest earnings results from American International Group Inc (NYSE: AIG) was released for Sep, 2023. 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.
