American International Group Inc. (NYSE: AIG) is -0.13% lower on its value in year-to-date trading and has touched a low of $47.05 and a high of $65.73 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AIG stock was last observed hovering at around $63.10 in the last trading session, with the day’s gains setting it 0.06% off its average median price target of $70.50 for the next 12 months. It is also 26.56% off the consensus price target high of $86.00 offered by 20 analysts, but current levels are -5.27% lower than the price target low of $60.00 for the same period.
Currently trading at $63.16, the stock is -0.19% and 1.50% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.87 million and changing 0.10% at the moment leaves the stock 11.52% off its SMA200. AIG registered 10.19% gain for a year compared to 6-month gain of 21.34%.
The stock witnessed a -0.27% loss in the last 1 month and extending the period to 3 months gives it a 18.61%, and is -0.97% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.17% over the week and 1.69% over the month.
American International Group Inc. (AIG) has around 36600 employees, a market worth around $46.36B and $58.94B in sales. Current P/E ratio is 3.75 and Fwd P/E is 10.02. Profit margin for the company is 23.30%. Distance from 52-week low is 34.24% and -3.91% from its 52-week high. The company has generated returns on investments over the last 12 months (11.70%).
American International Group Inc. (AIG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for American International Group Inc. (AIG) is a “Overweight”. 20 analysts offering their recommendations for the stock have an average rating of 2.20, where 8 rate it as a Hold and 2 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
American International Group Inc. is expected to release its quarterly report on 05/03/2023.The EPS is expected to grow by 257.40% this year.
American International Group Inc. (AIG) Top Institutional Holders
The shares outstanding are 763.05M, and float is at 740.83M with Short Float at 0.85%.
American International Group Inc. (AIG) Insider Activity
A total of 10 insider transactions have happened at American International Group Inc. (AIG) in the last six months, with sales accounting for 7 and purchases happening 3 times. The most recent transaction is an insider sale by AMERICAN INTERNATIONAL GROUP,,the company’s10% Owner. SEC filings show that AMERICAN INTERNATIONAL GROUP, sold 80,000,000 shares of the company’s common stock on Sep 19 at a price of $21.00 per share for a total of $1.68 billion. Following the sale, the insider now owns 501.14 million shares.
American International Group Inc. disclosed in a document filed with the SEC on Sep 01 that AMERICAN INTERNATIONAL GROUP, (10% Owner) bought a total of 720,000 shares of the company’s common stock. The trade occurred on Sep 01 and was made at $25.00 per share for $18.0 million. Following the transaction, the insider now directly holds 0.72 million shares of the AIG stock.
Still, SEC filings show that on Aug 24, Fato Luciana (EVP, GC, Comms & Govt Affairs) disposed off 17,000 shares at an average price of $54.01 for $0.92 million. The insider now directly holds 45,444 shares of American International Group Inc. (AIG).
American International Group Inc. (AIG): Who are the competitors?
The company’s main competitors (and peers) include Autoliv Inc. (ALV) that is trading -15.32% down over the past 12 months and Chubb Limited (CB) that is 18.93% higher over the same period. Cigna Corporation (CI) is 30.79% up on the 1-year trading charts.