The stock of American International Group Inc (NYSE:AIG) last traded at $77.02, up 2.16% from the previous session.
AIG stock price is now 2.50% away from the 50-day moving average and 2.86% away from the 200-day moving average. The market capitalization of the company currently stands at $49.60B.
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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 $51834.46. 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 $21.51 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 $62.52 and a high of $80.83. According to the stock market information, the enterprise value for the company is $45313708032, which is based on a 21.24 price-to-earnings ratio, a 1.01 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for AIG is $75.0926 and a two-hundred day moving average price translates $74.84145 for the stock.
The latest earnings results from American International Group Inc (NYSE: AIG) was released for 2024-09-30. The net profit margin was 8.20% 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. For the current quarter, analysts expect AIG to generate $6.69B in revenue.
