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American International Group Inc (AIG) Stock Could Soon Reward Patient Investors

American International Group Inc (NYSE: AIG) is 15.16% higher on its value in year-to-date trading and has touched a low of $48.91 and a high of $78.70 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AIG stock was last observed hovering at around $77.64 in the last trading session, with the day’s gains setting it 0.38%.

Currently trading at $78.02, the stock is 2.73% and 7.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.32 million and changing 0.49% at the moment leaves the stock 21.12% off its SMA200. AIG registered 56.60% gain for a year compared to 6-month gain of 28.75%. The firm has a 50-day simple moving average (SMA 50) of $1.56.

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The stock witnessed a 7.11% loss in the last 1 month and extending the period to 3 months gives it a 15.16%, and is 1.87% up 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 1.17% over the week and 1.42% over the month.

American International Group Inc (AIG) has around 25200 employees, a market worth around $53.13B and $46.80B in sales. Current P/E ratio is 15.62 and Fwd P/E is 9.60. Profit margin for the company is 7.72%. Distance from 52-week low is 59.52% and -0.86% from its 52-week high. The company has generated returns on investments over the last 12 months (5.33%).

American International Group Inc quarterly earnings per share for the current quarter are estimated at $1.72 with sales reaching $11.72B over the same period.The EPS is expected to grow by 5.57% this year, but quarterly earnings will post 5.70% year-over-year. Quarterly sales are estimated to grow 6.70% in year-over-year returns.

American International Group Inc (AIG) Top Institutional Holders

1,370 institutions hold shares in American International Group Inc (AIG), with institutional investors hold 92.95% of the company’s shares. The shares outstanding are 688.84M, and float is at 679.27M with Short Float at 1.26%. Institutions hold 92.69% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 74.66 million shares valued at $4.3 billion. The investor’s holdings represent 10.49% of the AIG Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 65.45 million shares valued at $3.77 billion to account for 9.19% of the shares outstanding. The other top investors are Capital Research Global Investors which holds 39.01 million shares representing 5.48% and valued at over $2.24 billion, while State Street Corporation holds 4.41% of the shares totaling 31.39 million with a market value of $1.81 billion.

American International Group Inc (AIG) Insider Activity

The most recent transaction is an insider sale by Zaffino Peter,the company’sChairman & CEO. SEC filings show that Zaffino Peter sold 333,000 shares of the company’s common stock on Mar 15 ’24 at a price of $75.87 per share for a total of $25.27 million. Following the sale, the insider now owns 0.51 million shares.

American International Group Inc disclosed in a document filed with the SEC on Mar 14 ’24 that Inglis John C (Director) bought a total of 659 shares of the company’s common stock. The trade occurred on Mar 14 ’24 and was made at $75.39 per share for $49682.0. Following the transaction, the insider now directly holds 659.0 shares of the AIG stock.

Still, SEC filings show that on Dec 18 ’23, AMERICAN INTERNATIONAL GROUP, (10% Owner) disposed off 6,210,256 shares at an average price of $21.75 for $135.07 million. The insider now directly holds 324,203,636 shares of American International Group Inc (AIG).

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