The stock of American International Group Inc (NYSE:AIG) last traded at $75.98, up 1.77% from the previous session.
AIG stock price is now 0.72% away from the 50-day moving average and 1.00% away from the 200-day moving average. The market capitalization of the company currently stands at $47.39B.
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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, AMERICAN INTERNATIONAL GROUP, , 10% Owner sold 30,000,000 shares of the company’s stock on Nov 07 ’24. The stock was sold for $936,000,000 at an average price of $31.20. Upon completion of the transaction, the 10% Owner now directly owns 249,238,898 shares in the company, valued at $18.94 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 30 ’24, Director Inglis John C bought 7 shares of the business’s stock. A total of $520 was incurred on buying the stock at an average price of $72.76. This leaves the insider owning 673 shares of the company worth $51134.54. A total of 0.28% of the company’s stock is owned by insiders.
During the past 12 months, American International Group Inc has had a low of $64.47 and a high of $80.83. According to the stock market information, the enterprise value for the company is $43410620416, which is based on a 20.74 price-to-earnings ratio, a 1.09 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for AIG is $75.3812 and a two-hundred day moving average price translates $75.1976 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 6.94% and return on equity was 5.33% for AIG. The company reported revenue of $6.75 billion for the quarter, compared to $7.27 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.1 percent.
