American International Group Inc (NYSE:AIG) shares traded 0.19% higher at $73.56 on Wall Street last session.
AIG stock price is now -1.87% away from the 50-day moving average and 1.85% away from the 200-day moving average. The market capitalization of the company currently stands at $47.37B.
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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 8,032,129 shares of the company’s stock on Aug 07 ’24. The stock was sold for $200,000,012 at an average price of $24.90. Upon completion of the transaction, the 10% Owner now directly owns 284,238,898 shares in the company, valued at $20.91 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 07 ’24, Officer Kevin Hogan bought 450,697 shares of the business’s stock. A total of $32,265,398 was incurred on buying the stock at an average price of $71.59. A total of 0.30% of the company’s stock is owned by insiders.
During the past 12 months, American International Group Inc has had a low of $57.02 and a high of $80.83. According to the stock market information, the enterprise value for the company is $43398066176, which is based on a 12.84 price-to-earnings ratio, a 2.47 price-to-earnings-growth ratio, and a beta of 1.08. The fifty day moving average price for AIG is $74.9148 and a two-hundred day moving average price translates $72.2895 for the stock.
The latest earnings results from American International Group Inc (NYSE: AIG) was released for 2024-06-30. The net profit margin was 9.53% and return on equity was 8.77% for AIG. The company reported revenue of $6.56 billion for the quarter, compared to $7.44 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.78 percent.
