The stock of American International Group Inc (NYSE:AIG) last traded at $74.11, down -0.76% from the previous session.
AIG stock price is now -3.53% away from the 50-day moving average and 7.31% away from the 200-day moving average. The market capitalization of the company currently stands at $49.18B.
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With the price target maintained at $86, HSBC Securities recently Downgraded its rating from Buy to Hold for American International Group Inc (NYSE: AIG). On February 20, 2024, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock increasing its target price from $75 to quote $77, while ‘TD Cowen’ rates the stock as ‘Market Perform’
In other news, AMERICAN INTERNATIONAL GROUP, , 10% Owner sold 30,000,000 shares of the company’s stock on Jun 03 ’24. The stock was sold for $876,000,000 at an average price of $29.20. Upon completion of the transaction, the 10% Owner now directly owns 294,203,636 shares in the company, valued at $21.8 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15 ’24, Chairman & CEO Zaffino Peter sold 333,000 shares of the business’s stock. A total of $25,265,116 was realized by selling the stock at an average price of $75.87. This leaves the insider owning 505,420 shares of the company worth $37.46 million. A total of 0.29% of the company’s stock is owned by insiders.
During the past 12 months, American International Group Inc has had a low of $54.84 and a high of $80.83. According to the stock market information, the enterprise value for the company is $60333727744, which is based on a 11.06 price-to-earnings ratio, a 0.94 price-to-earnings-growth ratio, and a beta of 1.10. The fifty day moving average price for AIG is $76.745 and a two-hundred day moving average price translates $69.14285 for the stock.
The latest earnings results from American International Group Inc (NYSE: AIG) was released for 2024-03-31. The net profit margin was 9.77% and return on equity was 11.14% for AIG. The company reported revenue of $12.58 billion for the quarter, compared to $10.98 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.51 percent.
