In the last trading session, 5.09 million American International Group Inc. (NYSE:AIG) shares changed hands as the company’s beta touched 1.38. With the company’s per share price at $54.43 changed hands at -$0.69 or -1.25% during last session, the market valuation stood at $46.76B. AIG’s last price was a discount, traded about -2.48% off its 52-week high of $55.78. The share price had its 52-week low at $25.57, which suggests the last value was 53.02% up since then. When we look at American International Group Inc.’s average trading volume, we note the 10-day average is 4.2 million shares, with the 3-month average coming to 4.20 million.
Analysts gave the American International Group Inc. (AIG) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.20. If we narrow down to specifics, the data shows that 0 out of 17 analysts rate the stock as a Sell, with a further 3 assigning it an Overweight rating. Of the remaining, 6 recommended AIG as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. American International Group Inc.’s EPS for the current quarter is expected to be $1.11.
American International Group Inc. (NYSE:AIG) trade information
Instantly AIG was in red as seen at the end of in last trading. With action -0.44%, the performance over the past five days has been red. The drop to weekly highs of 55.78 on Tuesday, 09/14/21 subtracted -1.25% to the stock’s daily price. The company’s shares are showing year-to-date upside of 43.77%, with the 5-day performance at -0.44% in the red. However, in the 30-day time frame, American International Group Inc. (NYSE:AIG) is -0.33% down. Looking at the short shares, we see there were 14.71 million shares sold at short interest cover period of 3.33 days.
The consensus price target for the stock as assigned by Wall Street analysts is $57.92, meaning bulls need an upside of 6.03% from its current market value. According to analyst projections, AIG’s forecast low is $49.00 with $65.00 as the target high. To hit the forecast high, the stock’s price needs a -19.42% plunge from its current level, while the stock would need to tank 9.98% for it to hit the projected low.
American International Group Inc. (AIG) estimates and forecasts
Data shows that the American International Group Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 15.00% over the past 6 months, a 95.24% in annual growth rate that is considerably higher than the industry average of 16.70%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for American International Group Inc. will rise 37.00%, while the growth in revenue is estimated to hit 29.80% for the next quarter. Year-over-year growth is forecast to reach 5.40% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $11.57 billion. 1 analysts are of the opinion that American International Group Inc.’s revenue for the quarter ending Dec 2021 will be $11.79 billion. The estimates for the next quarter sales put growth at 2.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -43.90%. The 2021 estimates are for American International Group Inc. earnings to decrease by -286.60%, but the outlook for the next 5-year period is at 31.70% per year.
American International Group Inc. is expected to release its next quarterly earnings report between November 03 and November 08. The 2.35% annual yield figure for the share gives it an annual dividend of 1.28. It is important to note, however, that the 2.35% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.73 per year.
American International Group Inc. (NYSE:AIG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.09% of American International Group Inc. shares while 91.51% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 91.59%. There are 91.51% institutions holding the American International Group Inc. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Jun 29, 2021, the company held 9.53% of the shares, roughly 81.5 million AIG shares worth $3.88 billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 9.14% or 78.16 million shares worth $3.72 billion as of Jun 29, 2021.
Among Mutual Funds, the top two as of Jun 29, 2021 were Vanguard Total Stock Market Index Fund and Investment Company Of America. With 24.24 million shares estimated at $1.15 billion under it, the former controlled 2.83% of total outstanding shares. On the other hand, Investment Company Of America held about 2.39% of the shares, roughly 20.42 million shares worth around $971.81 million.