Closing Bell Recap: American International Group Inc (AIG) Ends at 75.96, Reflecting a 0.28 Upturn

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American International Group Inc (NYSE: AIG) closed the day trading at $75.96 up 0.28% from the previous closing price of $75.75. In other words, the price has increased by $0.28 from its previous closing price. On the day, 3.28 million shares were traded. AIG stock price reached its highest trading level at $76.13 during the session, while it also had its lowest trading level at $75.44.

Ratios:

For a better understanding of AIG, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.51 whereas as Long-Term Debt/Eq ratio is at 0.50.

On February 20, 2024, BofA Securities Downgraded its rating to Neutral which previously was Buy and also upped its target price recommendation from $75 to $77.

On January 10, 2024, TD Cowen started tracking the stock assigning a Market Perform rating and target price of $78.TD Cowen initiated its Market Perform rating on January 10, 2024, with a $78 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 02 ’24 when AMERICAN INTERNATIONAL GROUP, sold 1,932,609 shares for $29.20 per share. The transaction valued at 56,432,183 led to the insider holds 292,271,027 shares of the business.

Inglis John C bought 7 shares of AIG for $518 on Jun 28 ’24. The Director now owns 666 shares after completing the transaction at $74.89 per share. On Jun 12 ’24, another insider, Zaffino Peter, who serves as the Chairman & CEO of the company, sold 200,000 shares for $74.52 each. As a result, the insider received 14,904,432 and left with 505,420 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AIG now has a Market Capitalization of 50412216320 and an Enterprise Value of 61183221760. As of this moment, American’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.34, and their Forward P/E ratio for the next fiscal year is 10.12. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.03 while its Price-to-Book (P/B) ratio in mrq is 1.17. Its current Enterprise Value per Revenue stands at 1.265 whereas that against EBITDA is 5.538.

Stock Price History:

The Beta on a monthly basis for AIG is 1.09, which has changed by 0.2898625 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, AIG has reached a high of $80.83, while it has fallen to a 52-week low of $57.02. The 50-Day Moving Average of the stock is -0.97%, while the 200-Day Moving Average is calculated to be 8.03%.

Shares Statistics:

Over the past 3-months, AIG traded about 4.35M shares per day on average, while over the past 10 days, AIG traded about 4793770 shares per day. A total of 688.84M shares are outstanding, with a floating share count of 661.71M. Insiders hold about 0.30% of the company’s shares, while institutions hold 92.91% stake in the company. Shares short for AIG as of 1718323200 were 10167312 with a Short Ratio of 2.34, compared to 1715731200 on 8181951. Therefore, it implies a Short% of Shares Outstanding of 10167312 and a Short% of Float of 1.72.

Dividends & Splits

AIG’s forward annual dividend rate is 1.48, up from 1.44 a year ago. Against a Trailing Annual Dividend Yield of 0.019009901The stock’s 5-year Average Dividend Yield is 2.65. The current Payout Ratio is 28.09% for AIG, which recently paid a dividend on 2024-06-14 with an ex-dividend date of 1718323200. Stock splits for the company last occurred on 2009-07-01 when the company split stock in a 1:20 ratio.

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