Market Analysts see American International Group Inc. [AIG] gaining to $39. Time to buy?

American International Group Inc. [NYSE: AIG] traded at a high on 11/13/20, posting a 3.49 gain after which it closed the day’ session at $37.32. The company report on November 12, 2020 that Newmont Commits to Industry-Leading Climate Targets.

Commits to 30% GHG emissions reductions by 2030 and goal of net zero emissions by 2050.

Today, Newmont Corporation (NYSE: NEM, TSX: NGT) the world’s leading gold mining company, announced industry-leading climate targets of 30% reduction in greenhouse gas (GHG) emissions by 2030, with an ultimate goal of achieving net zero carbon emissions by 2050. The new 2030 target builds upon Newmont’s existing GHG emissions reductions target of 16.5 percent over five years, concluding in 2020.

The results of the trading session contributed to over 5064502 shares changing hands. Over the past one week, the price volatility of American International Group Inc. stands at 3.98% while the volatility over the past one month is 4.01%.

The market cap for AIG stock reached $31.07 billion, with 867.71 million shares outstanding and 861.06 million shares in the current float. Compared to the average trading volume of 6.87M shares, AIG reached a trading volume of 5064502 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about American International Group Inc. [AIG]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AIG shares is $38.57 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AIG stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for American International Group Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 11, 2020. While these analysts kept the previous recommendation, BofA Securities raised their target price from $34 to $38. The new note on the price target was released on August 06, 2020, representing the official price target for American International Group Inc. stock.

The Average True Range (ATR) for American International Group Inc. is set at 1.58, with the Price to Sales ratio for AIG stock in the period of the last 12 months amounting to 0.68. The Price to Book ratio for the last quarter was 0.51, with the Price to Cash per share for the same quarter was set at 3.83. Price to Free Cash Flow for AIG in the course of the last twelve months was 33.62.

How has AIG stock performed recently?

American International Group Inc. [AIG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.55. With this latest performance, AIG shares gained by 24.57% in over the last four-week period, additionally plugging by 31.18% over the last 6 months – not to mention a drop of -31.13% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AIG stock in for the last two-week period is set at 67.37, with the RSI for the last a single of trading hit 68.14, and the three-weeks RSI is set at 65.68 for American International Group Inc. [AIG]. The present Moving Average for the last 50 days of trading for this stock 30.44, while it was recorded at 37.30 for the last single week of trading, and 31.34 for the last 200 days.

American International Group Inc. [AIG]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and American International Group Inc. [AIG] shares currently have an operating margin of +13.78. American International Group Inc.’s Net Margin is presently recorded at +6.66.

Return on Total Capital for AIG is now 6.99, given the latest momentum, and Return on Invested Capital for the company is 3.48. Return on Equity for this stock inclined to 5.41, with Return on Assets sitting at 0.70. When it comes to the capital structure of this company, American International Group Inc. [AIG] has a Total Debt to Total Equity ratio set at 54.94. Additionally, AIG Total Debt to Total Capital is recorded at 35.46, with Total Debt to Total Assets ending up at 7.41. Long-Term Debt to Equity for the company is recorded at 52.99, with the Long-Term Debt to Total Capital now at 33.95.

Reflecting on the efficiency of the workforce at the company, American International Group Inc. [AIG] managed to generate an average of $71,739 per employee.

Earnings analysis for American International Group Inc. [AIG]

With the latest financial reports released by the company, American International Group Inc. posted 1.03/share EPS, while the average EPS was predicted by analysts to be reported at 1/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AIG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for American International Group Inc. go to 3.59%.

Insider trade positions for American International Group Inc. [AIG]

There are presently around $29,310 million, or 92.80% of AIG stock, in the hands of institutional investors. The top three institutional holders of AIG stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 78,607,896, which is approximately 13.843% of the company’s market cap and around 0.05% of the total institutional ownership; BLACKROCK INC., holding 77,652,133 shares of the stock with an approximate value of $2.9 billion in AIG stocks shares; and VANGUARD GROUP INC, currently with $2.58 billion in AIG stock with ownership of nearly -2.837% of the company’s market capitalization.

Positions in American International Group Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 288 institutional holders increased their position in American International Group Inc. [NYSE:AIG] by around 52,177,972 shares. Additionally, 361 investors decreased positions by around 51,154,229 shares, while 123 investors held positions by with 682,025,922 shares. The mentioned changes placed institutional holdings at 785,358,123 shares, according to the latest SEC report filing. AIG stock had 78 new institutional investments in for a total of 12,356,320 shares, while 92 institutional investors sold positions of 6,355,711 shares during the same period.

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