In yesterday’s Wall Street session, American International Group Inc (NYSE:AIG) shares traded at $72.46, down -1.60% from the previous session.
AIG stock price is now -4.65% away from the 50-day moving average and -4.14% away from the 200-day moving average. The market capitalization of the company currently stands at $45.20B.
With the price target reduced from $90 to $84, BMO Capital Markets Downgraded its rating from Outperform to Market Perform for American International Group Inc (NYSE: AIG). On October 10, 2024, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock reducing its target price from $93 to quote $89, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, AMERICAN INTERNATIONAL GROUP, , 10% Owner sold 121,956,256 shares of the company’s stock on Dec 09 ’24. The stock was sold for $3,838,012,159 at an average price of $31.47. Upon completion of the transaction, the 10% Owner now directly owns 127,282,642 shares in the company, valued at $9.22 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 26 ’24, Director Inglis John C bought 660 shares of the business’s stock. A total of $50,002 was incurred on buying the stock at an average price of $75.76. This leaves the insider owning 1,333 shares of the company worth $96589.18. A total of 0.29% of the company’s stock is owned by insiders.
During the past 12 months, American International Group Inc has had a low of $65.69 and a high of $80.83. According to the stock market information, the enterprise value for the company is $42038329344, which is based on a 19.78 price-to-earnings ratio, a 1.04 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for AIG is $75.9974 and a two-hundred day moving average price translates $75.59185 for the stock.
The latest earnings results from American International Group Inc (NYSE: AIG) was released for 2024-09-30. The net profit margin was 6.94% and return on equity was 5.33% for AIG. The company reported revenue of $6.75 billion for the quarter, compared to $7.27 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.1 percent.
