In yesterday’s Wall Street session, American International Group Inc (NYSE:AIG) shares traded at $74.49, down -0.03% from the previous session.
AIG stock price is now -2.71% away from the 50-day moving average and 6.88% away from the 200-day moving average. The market capitalization of the company currently stands at $49.44B.
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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, Zaffino Peter, Chairman & CEO sold 200,000 shares of the company’s stock on Jun 12 ’24. The stock was sold for $14,904,432 at an average price of $74.52. Upon completion of the transaction, the Chairman & CEO now directly owns 505,420 shares in the company, valued at $37.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 03 ’24, 10% Owner AMERICAN INTERNATIONAL GROUP, sold 30,000,000 shares of the business’s stock. A total of $876,000,000 was realized by selling the stock at an average price of $29.20. This leaves the insider owning 294,203,636 shares of the company worth $21.92 billion. 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 $55.10 and a high of $80.83. According to the stock market information, the enterprise value for the company is $60207628288, which is based on a 11.12 price-to-earnings ratio, a 2.14 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for AIG is $76.5928 and a two-hundred day moving average price translates $69.76665 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.
