Market Recap Check: American International Group Inc (AIG)’s Positive Finish at 80.11, Up/Down 0.29

Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.

The price of American International Group Inc (NYSE: AIG) closed at $80.11 in the last session, up 0.29% from day before closing price of $79.88. In other words, the price has increased by $0.29 from its previous closing price. On the day, 3.96 million shares were traded. AIG stock price reached its highest trading level at $80.83 during the session, while it also had its lowest trading level at $79.995.

Ratios:

We take a closer look at AIG’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 0.51 whereas as Long-Term Debt/Eq ratio is at 0.50.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on February 20, 2024, Downgraded its rating to Neutral and sets its target price to $77 from $75 previously.

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

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 15 ’24 when Zaffino Peter sold 333,000 shares for $75.87 per share. The transaction valued at 25,265,116 led to the insider holds 505,420 shares of the business.

Inglis John C bought 659 shares of AIG for $49,682 on Mar 14 ’24. The Director now owns 659 shares after completing the transaction at $75.39 per share. On Dec 18 ’23, another insider, AMERICAN INTERNATIONAL GROUP, , who serves as the 10% Owner of the company, sold 6,210,256 shares for $21.75 each. As a result, the insider received 135,073,068 and left with 324,203,636 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 53166440448 and an Enterprise Value of 63937445888. As of this moment, American’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.96, 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 1.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.09 while its Price-to-Book (P/B) ratio in mrq is 1.24. Its current Enterprise Value per Revenue stands at 1.322 whereas that against EBITDA is 5.788.

Stock Price History:

Over the past 52 weeks, AIG has reached a high of $80.76, while it has fallen to a 52-week low of $51.86. The 50-Day Moving Average of the stock is 5.53%, while the 200-Day Moving Average is calculated to be 19.60%.

Shares Statistics:

According to the various share statistics, AIG traded on average about 4.22M shares per day over the past 3-months and 4339130 shares per day over the past 10 days. A total of 688.84M shares are outstanding, with a floating share count of 661.87M. Insiders hold about 0.27% of the company’s shares, while institutions hold 93.74% stake in the company. Shares short for AIG as of 1714435200 were 6812958 with a Short Ratio of 1.61, compared to 1711584000 on 7852837. Therefore, it implies a Short% of Shares Outstanding of 6812958 and a Short% of Float of 1.15.

Dividends & Splits

The forward annual dividend rate for AIG is 1.44, which was 1.44 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.018027041The stock’s 5-year Average Dividend Yield is 2.67.

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