American International Group Inc (NYSE: AIG) is 11.28% higher on its value in year-to-date trading and has touched a low of $62.52 and a high of $80.83 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 $76.33 in the last trading session, with the day’s loss setting it -0.94%.
Currently trading at $75.39, the stock is -2.07% and 0.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.39 million and changing -1.23% at the moment leaves the stock 0.73% off its SMA200. AIG registered 18.28% gain for a year compared to 6-month loss of -6.09%. The firm has a 50-day simple moving average (SMA 50) of $75.077 and a 200-day simple moving average (SMA200) of $74.8108.
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The stock witnessed a 2.38% gain in the last 1 month and extending the period to 3 months gives it a 6.81%, and is -1.66% 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 2.13% over the week and 1.73% over the month.
American International Group Inc (AIG) has around 25200 employees, a market worth around $48.55B and $29.82B in sales. Current P/E ratio is 20.79 and Fwd P/E is 11.08. Profit margin for the company is 8.20%. Distance from 52-week low is 20.59% and -6.73% from its 52-week high. The company has generated returns on investments over the last 12 months (4.50%).
with sales reaching $6.69B over the same period.The EPS is expected to shrink by -24.42% this year, but quarterly earnings will post -44.00% year-over-year. Quarterly sales are estimated to shrink -31.90% in year-over-year returns.
American International Group Inc (AIG) Top Institutional Holders
1438.0 institutions hold shares in American International Group Inc (AIG), with institutional investors hold 94.21% of the company’s shares. The shares outstanding are 688.84M, and float is at 642.11M with Short Float at 1.46%. Institutions hold 93.97% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 68.08 million shares valued at $5.05 billion. The investor’s holdings represent 9.9734% of the AIG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 57.15 million shares valued at $4.24 billion to account for 8.3723 of the shares outstanding. The other top investors are CAPITAL RESEARCH GLOBAL INVESTORS which holds 41.75 million shares representing 6.116% and valued at over $3.1 billion, while STATE STREET CORP holds 4.2708 of the shares totaling 29.15 million with a market value of $2.16 billion.
American International Group Inc (AIG) Insider Activity
The most recent transaction is an insider purchase by Inglis John C, the company’s Director. SEC filings show that Inglis John C bought 7 shares of the company’s common stock on Sep 30 ’24 at a price of $72.76 per share for a total of $520.0. Following the purchase, the insider now owns 673.0 shares.
American International Group Inc disclosed in a document filed with the SEC on Sep 16 ’24 that AMERICAN INTERNATIONAL GROUP, (10% Owner) sold a total of 5,000,000 shares of the company’s common stock. The trade occurred on Sep 16 ’24 and was made at $28.86 per share for $144.3 million. Following the transaction, the insider now directly holds 279.24 million shares of the AIG stock.
Still, SEC filings show that on Sep 16 ’24, American International Group, (10% Owner) Proposed Sale 5,000,000 shares at an average price of $27.18 for $135.9 million. The insider now directly holds shares of American International Group Inc (AIG).
