In the last trading session, 6.49 million shares of the American International Group Inc. (NYSE:AIG) were traded, and its beta was 1.13. Most recently the company’s share price was $55.77, and it changed around $1.81 or 3.35% from the last close, which brings the market valuation of the company to $40.71B. AIG currently trades at a discount to its 52-week high of $64.88, offering almost -16.33% off that amount. The share price’s 52-week low was $45.66, which indicates that the current value has risen by an impressive 18.13% since then. We note from American International Group Inc.’s average daily trading volume that its 10-day average is 3.81 million shares, with the 3-month average coming to 5.15 million.
American International Group Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.30. If we narrow it down even further, the data shows that 0 out of 19 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 7 recommended AIG as a Hold, whereas 10 deemed it a Buy, and 0 rated it as Underweight. American International Group Inc. is expected to report earnings per share of $1.69 for the current quarter.
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American International Group Inc. (NYSE:AIG) trade information
Instantly AIG has showed a green trend with a performance of 3.35% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 56.90 on Tuesday, 05/23/23 increased the stock’s daily price by 1.99%. The company’s shares are currently down -11.81% year-to-date, but still up 6.61% over the last five days. On the other hand, American International Group Inc. (NYSE:AIG) is 7.62% up in the 30-day period. We can see from the shorts that 7.64 million shares have been sold at a short interest cover period of 1.89 day(s).
The consensus price target as assigned by Wall Street analysts is $69.29, which translates to bulls needing to increase their stock price by 19.51% from its current value. Analyst projections state that AIG is forecast to be at a low of $58.00 and a high of $79.00. In order for the stock price to hit the forecast high, the stock would need to plunge -41.65% from its current level, while the stock would need to crash -4.0% from its current level to reach the projected low.
American International Group Inc. (AIG) estimates and forecasts
American International Group Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -6.77 percent over the past six months and at a 43.74% annual growth rate that is well above the industry average of 11.00%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will gain 42.00% in revenue this quarter, and will report an increase of 130.30% in the next quarter. The year-over-year growth rate is expected to be -12.50%, down from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $11.75 billion in revenue for the current quarter. 3 analysts expect American International Group Inc. to make $12.56 billion in revenue for the quarter ending Sep 2023. The company’s sales for the same quarters a year ago were $14.44 billion and $11.1 billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -18.60%. Forecasts for the next quarter put sales growth at 13.20%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 81.60%. American International Group Inc. earnings are expected to increase by 20.20% in 2023, but the outlook is positive 15.50% per year for the next five years.
American International Group Inc.’s next quarterly earnings report is expected to be released around August 07 and August 11. The annual dividend yield of the stock is 2.58 percent and its annual dividend per share was 1.44. It is important to note, however, that the 2.58% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
American International Group Inc. (NYSE:AIG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.32% of American International Group Inc. shares, and 91.55% of them are in the hands of institutional investors. The stock currently has a share float of 91.85%. American International Group Inc. stock is held by 1,284 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2023, it held 10.60% of the shares, which is about 76.7 million shares worth $3.86 billion.
Blackrock Inc., with 9.18% or 66.44 million shares worth $3.35 billion as of Mar 30, 2023, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Investment Company Of America were the top two Mutual Funds as of Dec 30, 2022. The former held 22.58 million shares worth $1.43 billion, making up 3.08% of all outstanding shares. On the other hand, Investment Company Of America held roughly 20.48 million shares worth around $1.03 billion, which represents about 2.79% of the total shares outstanding.