The price of American International Group Inc (NYSE:AIG) shares last traded on Wall Street rose 2.66% to $79.19.
AIG stock price is now 6.73% away from the 50-day moving average and 6.63% away from the 200-day moving average. The market capitalization of the company currently stands at $50.99B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target reduced from $90 to $84, BMO Capital Markets Downgraded its rating from Outperform to Market Perform for American International Group Inc (NYSE: AIG). On October 10, 2024, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock reducing its target price from $93 to quote $89, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, Inglis John C, Director bought 7 shares of the company’s stock on Sep 30 ’24. The stock was bought for $520 at an average price of $72.76. Upon completion of the transaction, the Director now directly owns 673 shares in the company, valued at $53294.87. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16 ’24, 10% Owner AMERICAN INTERNATIONAL GROUP, sold 5,000,000 shares of the business’s stock. A total of $144,300,000 was realized by selling the stock at an average price of $28.86. This leaves the insider owning 279,238,898 shares of the company worth $22.11 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 $58.69 and a high of $80.83. According to the stock market information, the enterprise value for the company is $47023513600, which is based on a 13.83 price-to-earnings ratio, a 0.66 price-to-earnings-growth ratio, and a beta of 1.08. The fifty day moving average price for AIG is $74.199 and a two-hundred day moving average price translates $74.26455 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.
