American International Group Inc [AIG] stock is trading at $77.62, up 0.50%. An important factor to consider is whether the stock is rising or falling in short-term value. The AIG shares have gain 5.40% over the last week, with a monthly amount glided 6.17%, and 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 October 10, 2024, when JP Morgan upgraded its rating to a Overweight and also revised its price target to $89 from $93. Previously, Barclays started tracking the stock with Overweight rating on September 05, 2024, and set its price target to $90. On May 15, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $86 on the stock. BofA Securities downgraded its rating to a Neutral and increased its price target to $77 on February 20, 2024. TD Cowen initiated its recommendation with a Market Perform and recommended $78 as its price target on January 10, 2024. In a note dated December 28, 2023, HSBC Securities initiated an Buy rating and provided a target price of $86 on this stock.
American International Group Inc [AIG] stock has fluctuated between $58.69 and $80.83 over the past year. Currently, Wall Street analysts expect the stock to reach $80.17 within the next 12 months. American International Group Inc [NYSE: AIG] shares were valued at $77.62 at the most recent close of the market. An investor can expect a potential return of 3.29% based on the average AIG price forecast.
Analyzing the AIG fundamentals
American International Group Inc [NYSE:AIG] reported sales of 42.04B for the trailing twelve months, which represents a drop of -51.34%. Gross Profit Margin for this corporation currently stands at 0.68% 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 0.04, Equity is 0.11 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.22.
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 77.26 points at the first support level, and at 76.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.95, and for the 2nd resistance point, it is at 78.29.
Ratios To Look Out For
For context, American International Group Inc’s Current Ratio is 1.05. Considering the valuation of this stock, the price to sales ratio is 1.19, the price to book ratio is 1.13 and price to earnings (TTM) ratio is 13.55.
Transactions by insiders
Recent insider trading involved Inglis John C, Director, that happened on Sep 30 ’24 when 7.0 shares were purchased. 10% Owner, AMERICAN INTERNATIONAL GROUP, completed a deal on Sep 16 ’24 to sell 5.0 million shares. Meanwhile, 10% Owner American International Group, bought 5.0 million shares on Sep 16 ’24.
