American International Group Inc. (NYSE:AIG) has a beta value of 1.20 and has seen 4.87 million shares traded in the last trading session. The company, currently valued at $46.36B, closed the last trade at $63.16 per share which meant it gained $0.06 on the day or 0.10% during that session. The AIG stock price is -4.07% off its 52-week high price of $65.73 and 25.51% above the 52-week low of $47.05. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.93 million shares traded. The 3-month trading volume is 4.53 million shares.
American International Group Inc. (NYSE:AIG) trade information
Sporting 0.10% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 01/24/23 when the AIG stock price touched $63.16 or saw a rise of 1.36%. Year-to-date, American International Group Inc. shares have moved -0.13%, while the 5-day performance has seen it change -0.97%. Over the past 30 days, the shares of American International Group Inc. (NYSE:AIG) have changed -0.27%. Short interest in the company has seen 6.31 million shares shorted with days to cover at 1.13.
Wall Street analysts have a consensus price target for the stock at $70.94, which means that the shares’ value could jump 10.97% from current levels. The projected low price target is $60.00 while the price target rests at a high of $86.00. In that case, then, we find that the current price level is -36.16% off the targeted high while a plunge would see the stock lose 5.0% from current levels.
American International Group Inc. (AIG) estimates and forecasts
Figures show that American International Group Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 21.34% over the past 6 months, with this year growth rate of -13.87%, compared to 4.00% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are -45.40% and -14.60% for the next quarter. Revenue growth from the last financial year stood is estimated to be 225.80%.
4 analysts offering their estimates for the company have set an average revenue estimate of $11.1 billion for the current quarter. 4 have an estimated revenue figure of $11.97 billion for the next quarter concluding in Dec 2022.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 77.40% over the past 5 years. Earnings growth for 2023 is a modest 257.40% while over the next 5 years, the company’s earnings are expected to increase by 11.68%.
American International Group Inc. is expected to release its next earnings report between February 14 and February 20 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.28 at a share yield of 2.03%. The company’s dividend yield has gone up over the past 12 months.
American International Group Inc. (NYSE:AIG)’s Major holders
Insiders own 0.28% of the company shares, while shares held by institutions stand at 92.71% with a share float percentage of 92.97%. Investors are also buoyed by the number of investors in a company, with American International Group Inc. having a total of 1,238 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 78.98 million shares worth more than $4.04 billion. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 10.39% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 67.04 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $3.43 billion and represent 8.82% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Jun 29, 2022, the former fund manager holds about 3.07% shares in the company for having 23.32 million shares of worth $1.19 billion while later fund manager owns 17.54 million shares of worth $896.59 million as of Jun 29, 2022, which makes it owner of about 2.31% of company’s outstanding stock.