American International Group Inc [AIG] stock prices are up 1.66% to $76.74 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AIG shares have gain 1.66% over the last week, with a monthly amount glided 12.64%, and seem to be holding up well over a long-time horizon.
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On 13, February 2024, AIG Reports Excellent Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, Fourth Quarter 2023:.
From an analyst’s perspective:
American International Group Inc [NYSE: AIG] stock has seen the most recent analyst activity on February 20, 2024, when BofA Securities downgraded its rating to a Neutral and also boosted its price target to $77 from $75. Previously, TD Cowen started tracking the stock with Market Perform rating on January 10, 2024, and set its price target to $78. HSBC Securities started tracking the stock assigning a Buy rating and suggested a price target of $86 on December 28, 2023. BMO Capital Markets upgraded its rating to a Outperform and raised its price target to $83 on December 19, 2023. Argus upgraded its rating to Buy for this stock on November 21, 2023. In a note dated October 05, 2023, Deutsche Bank initiated an Buy rating and provided a target price of $79 on this stock.
The stock price of American International Group Inc [AIG] has been fluctuating between $45.66 and $76.52 over the past year. Currently, Wall Street analysts expect the stock to reach $60.6 within the next 12 months. American International Group Inc [NYSE: AIG] shares were valued at $76.74 at the most recent close of the market. An investor can expect a potential drop of -21.03% based on the average AIG price forecast.
Analyzing the AIG fundamentals
The American International Group Inc [NYSE:AIG] reported sales of 46.80B for trailing twelve months, representing a drop of -19.39%. Gross Profit Margin for this corporation currently stands at 0.91% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.1 and Total Capital is 0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.49.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 75.88 points at the first support level, and at 75.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.20, and for the 2nd resistance point, it is at 77.66.
American International Group Inc [AIG] reported earnings per share of $1.79 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.64/share, meaning a difference of $0.15 and a surprise factor of 9.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.61 per share as compared to estimates of $1.5 per share, a difference of $0.11 representing a surprise of 7.30%.
Ratios To Look Out For
It’s worth pointing out that American International Group Inc [NYSE:AIG]’s Current Ratio is 1.78. Considering the valuation of this stock, the price to sales ratio is 1.12, the price to book ratio is 1.18 and price to earnings (TTM) ratio is 15.36.
Transactions by insiders
Recent insider trading involved Zaffino Peter, Chairman & CEO, that happened on Mar 15 ’24 when 0.33 million shares were sold. Director, Inglis John C completed a deal on Mar 14 ’24 to buy 659.0 shares. Meanwhile, 10% Owner AMERICAN INTERNATIONAL GROUP, sold 6.21 million shares on Dec 18 ’23.
