At the time of writing, American International Group Inc [AIG] stock is trading at $74.13, up 0.20%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AIG shares have lost -0.11% over the last week, with a monthly amount drifted -7.96%, 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 May 15, 2024, when HSBC Securities downgraded its rating to a Hold but kept the price target unchanged to $86 for it. Previously, BofA Securities downgraded its rating to Neutral on February 20, 2024, and elevated its price target to $77. On January 10, 2024, TD Cowen initiated with a Market Perform rating and assigned a price target of $78 on the stock. HSBC Securities initiated its recommendation with a Buy and recommended $86 as its price target on December 28, 2023. BMO Capital Markets upgraded its rating to Outperform for this stock on December 19, 2023, and upped its price target to $83. In a note dated November 21, 2023, Argus upgraded an Buy rating on this stock.
For the past year, the stock price of American International Group Inc fluctuated between $54.84 and $80.83. Currently, Wall Street analysts expect the stock to reach $76.78 within the next 12 months. American International Group Inc [NYSE: AIG] shares were valued at $74.13 at the most recent close of the market. An investor can expect a potential return of 3.57% based on the average AIG price forecast.
Analyzing the AIG fundamentals
According to American International Group Inc [NYSE:AIG], the company’s sales were 48.96B for trailing twelve months, which represents an 20.01% jump. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.13 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.51.
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 73.66 points at the first support level, and at 73.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 74.48, and for the 2nd resistance point, it is at 74.83.
Ratios To Look Out For
It is important to note that American International Group Inc [NYSE:AIG] has a current ratio of 22.44. Considering the valuation of this stock, the price to sales ratio is 1.00, the price to book ratio is 1.15 and price to earnings (TTM) ratio is 11.06.
Transactions by insiders
Recent insider trading involved Zaffino Peter, Chairman & CEO, that happened on Jun 12 ’24 when 0.2 million shares were sold. 10% Owner, AMERICAN INTERNATIONAL GROUP, completed a deal on Jun 03 ’24 to sell 30.0 million shares. Meanwhile, Chairman & CEO Zaffino Peter sold 0.33 million shares on Mar 15 ’24.
