Currently, American International Group Inc [AIG] is trading at $73.81, up 1.04%. An important factor to consider is whether the stock is rising or falling in short-term value. The AIG shares have lost -2.26% over the last week, with a monthly amount drifted -3.23%, and not seem to be holding up well over a long-time horizon.
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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.
This stock has fluctuated between a low of $48.95 and a high of $78.95 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $66.33 within the next 12 months. American International Group Inc [NYSE: AIG] shares were valued at $73.81 at the most recent close of the market. An investor can expect a potential drop of -10.13% based on the average AIG price forecast.
Analyzing the AIG fundamentals
Trailing Twelve Months sales for American International Group Inc [NYSE:AIG] were 46.80B which represents -19.39% decline. 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 72.75 points at the first support level, and at 71.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 74.71, and for the 2nd resistance point, it is at 75.62.
Ratios To Look Out For
To put it in perspective, the Current Ratio for American International Group Inc [NYSE:AIG] is 10.80. Considering the valuation of this stock, the price to sales ratio is 1.07, the price to book ratio is 1.13 and price to earnings (TTM) ratio is 14.78.
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.
