American International Group Inc (NYSE: AIG) is 11.14% higher on its value in year-to-date trading and has touched a low of $63.79 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 $76.31 in the last trading session, with the day’s loss setting it -1.01%.
Currently trading at $75.30, the stock is -1.24% and -0.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.15 million and changing -1.32% at the moment leaves the stock 0.18% off its SMA200. AIG registered 16.78% gain for a year compared to 6-month loss of -4.30%. The firm has a 50-day simple moving average (SMA 50) of $75.2714 and a 200-day simple moving average (SMA200) of $75.1363.
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The stock witnessed a -2.90% gain in the last 1 month and extending the period to 3 months gives it a 1.28%, and is 0.59% 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 1.60% over the week and 1.94% over the month.
American International Group Inc (AIG) has around 25200 employees, a market worth around $46.97B and $35.60B in sales. Current P/E ratio is 20.56 and Fwd P/E is 11.26. Profit margin for the company is 6.94%. Distance from 52-week low is 18.04% and -6.84% from its 52-week high. The company has generated returns on investments over the last 12 months (4.48%).
The EPS is expected to shrink by -25.03% this year.
American International Group Inc (AIG) Top Institutional Holders
1418.0 institutions hold shares in American International Group Inc (AIG), with institutional investors hold 94.34% of the company’s shares. The shares outstanding are 688.84M, and float is at 622.01M with Short Float at 1.33%. Institutions hold 94.10% 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 sale by AMERICAN INTERNATIONAL GROUP, the company’s 10% Owner. SEC filings show that AMERICAN INTERNATIONAL GROUP, sold 30,000,000 shares of the company’s common stock on Nov 07 ’24 at a price of $31.20 per share for a total of $936.0 million. Following the sale, the insider now owns 249.24 million shares.
American International Group Inc disclosed in a document filed with the SEC on Sep 30 ’24 that Inglis John C (Director) bought a total of 7 shares of the company’s common stock. The trade occurred on Sep 30 ’24 and was made at $72.76 per share for $520.0. Following the transaction, the insider now directly holds 673.0 shares of the AIG stock.
Still, SEC filings show that on Sep 16 ’24, AMERICAN INTERNATIONAL GROUP, (10% Owner) disposed off 5,000,000 shares at an average price of $28.86 for $144.3 million. The insider now directly holds 279,238,898 shares of American International Group Inc (AIG).
