American International Group Inc (NYSE: AIG) closed the day trading at $75.52 down -2.99% from the previous closing price of $77.85. In other words, the price has decreased by -$2.33 from its previous closing price. On the day, 4389638 shares were traded.
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 0.49.
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:
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 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 50.90B and an Enterprise Value of 71.62B. As of this moment, American’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.12, and their Forward P/E ratio for the next fiscal year is 9.36. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.10 while its Price-to-Book (P/B) ratio in mrq is 1.16. Its current Enterprise Value per Revenue stands at 1.52.
Stock Price History:
Over the past 52 weeks, AIG has reached a high of $78.95, while it has fallen to a 52-week low of $48.95. The 50-Day Moving Average of the stock is 73.30, while the 200-Day Moving Average is calculated to be 65.04.
Shares Statistics:
Over the past 3-months, AIG traded about 3.93M shares per day on average, while over the past 10 days, AIG traded about 3.51M shares per day. A total of 688.84M shares are outstanding, with a floating share count of 679.27M. Insiders hold about 0.25% of the company’s shares, while institutions hold 92.54% stake in the company. Shares short for AIG as of Mar 28, 2024 were 7.85M with a Short Ratio of 2.18, compared to 7.17M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.17% and a Short% of Float of 1.32%.
Dividends & Splits
AIG’s forward annual dividend rate is 1.44, up from 1.40 a year ago. Against a Trailing Annual Dividend Yield of 1.80%, it implies a Forward Annual Dividend Yield of 1.91%. The stock’s 5-year Average Dividend Yield is 2.68. The current Payout Ratio is 28.09% for AIG, which recently paid a dividend on Mar 28, 2024 with an ex-dividend date of Mar 13, 2024. Stock splits for the company last occurred on Jul 01, 2009 when the company split stock in a 1:20 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 15 analysts. On average, analysts expect EPS of $1.7 for the current quarter, with a high estimate of $1.87 and a low estimate of $1.53, while EPS last year was $1.63. The consensus estimate for the next quarter is $1.73, with high estimates of $1.94 and low estimates of $1.5.
Analysts are recommending an EPS of between $7.77 and $6.55 for the fiscal current year, implying an average EPS of $7.05. EPS for the following year is $8.06, with 17 analysts recommending between $9.2 and $7.2.
Revenue Estimates
3 analysts predict $11.72B in revenue for the current quarter. It ranges from a high estimate of $11.89B to a low estimate of $11.62B. As of the current estimate, American International Group Inc’s year-ago sales were $10.98B, an estimated increase of 6.70% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $11.45B, a decrease of -13.30% less than the figure of $6.70% in the same quarter last year. There is a high estimate of $11.69B for the next quarter, whereas the lowest estimate is $11.13B.
A total of 5 analysts have provided revenue estimates for AIG’s current fiscal year. The highest revenue estimate was $51.05B, while the lowest revenue estimate was $45.73B, resulting in an average revenue estimate of $49.46B. In the same quarter a year ago, actual revenue was $46.8B, up 5.70% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $26.78B in the next fiscal year. The high estimate is $29.2B and the low estimate is $25.52B. The average revenue growth estimate for next year is down -45.90% from the average revenue estimate for this year.
