American International Group Inc. [NYSE: AIG] loss -5.63% or -2.91 points to close at $48.77 with a heavy trading volume of 5672792 shares. The company report on June 16, 2021 that AIG Further Extends the Expiration Time for the Tender Offers for all Notes and Consent Solicitations for the SunAmerica Notes.
On May 11, 2021, American International Group, Inc. (NYSE: AIG) announced that it commenced cash tender offers (the “Tender Offers”) and solicitations of consents (the “Consent Solicitations”) for certain outstanding notes.
The Tender Offers and Consent Solicitations are being made pursuant to AIG’s Offer to Purchase and Consent Solicitation Statement for the SunAmerica Notes (as defined below), dated May 11, 2021, and AIG’s Offer to Purchase and Consent Solicitation Statement for the AIG Life Holdings Notes (as defined below), dated May 11, 2021 (each, an “Offer to Purchase and Consent Solicitation Statement”) and the related letters of transmittal, which set forth a more comprehensive description of the terms of each Tender Offer and Consent Solicitation.
It opened the trading session at $51.87, the shares rose to $51.92 and dropped to $48.71, the range by which the price of stock traded the whole day. The daily chart for AIG points out that the company has recorded 26.54% gains over the past six months. However, it is still -90.73% lower than its most recent low trading price.
If we look at the average trading volume of 4.04M shares, AIG reached to a volume of 5672792 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $54.31 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.
Atlantic Equities have made an estimate for American International Group Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on February 26, 2021. The new note on the price target was released on January 04, 2021, representing the official price target for American International Group Inc. stock. Previously, the target price had yet another raise to $39, while Barclays analysts kept a Equal Weight rating on AIG stock. On November 11, 2020, analysts increased their price target for AIG shares from 38 to 39.
The Average True Range (ATR) for American International Group Inc. is set at 1.24, with the Price to Sales ratio for AIG stock in the period of the last 12 months amounting to 0.95. The Price to Book ratio for the last quarter was 0.68, with the Price to Cash per share for the same quarter was set at 3.29. Price to Free Cash Flow for AIG in the course of the last twelve months was 71.53.
Trading performance analysis for AIG stock
American International Group Inc. [AIG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.43. With this latest performance, AIG shares dropped by -4.58% in over the last four-week period, additionally plugging by 26.54% over the last 6 months – not to mention a rise of 51.08% 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 36.90, with the RSI for the last a single of trading hit 28.19, and the three-weeks RSI is set at 42.83 for American International Group Inc. [AIG]. The present Moving Average for the last 50 days of trading for this stock 49.97, while it was recorded at 51.02 for the last single week of trading, and 40.85 for the last 200 days.
American International Group Inc. [AIG]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and American International Group Inc. [AIG] shares currently have an operating margin of -166.38. American International Group Inc.’s Net Margin is presently recorded at -39.02.
Return on Total Capital for AIG is now -24.24, given the latest momentum, and Return on Invested Capital for the company is -5.85. Return on Equity for this stock declined to -9.01, with Return on Assets sitting at -1.19. 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 58.07. Additionally, AIG Total Debt to Total Capital is recorded at 36.74, with Total Debt to Total Assets ending up at 7.51. Long-Term Debt to Equity for the company is recorded at 55.62, with the Long-Term Debt to Total Capital now at 34.93.
Reflecting on the efficiency of the workforce at the company, American International Group Inc. [AIG] managed to generate an average of -$132,178 per employee.
American International Group Inc. [AIG]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, American International Group Inc. posted 0.66/share EPS, while the average EPS was predicted by analysts to be reported at 0.5/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 32.00%. 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 32.66%.
An analysis of insider ownership at American International Group Inc. [AIG]
There are presently around $38,138 million, or 93.10% of AIG stock, in the hands of institutional investors. The top three institutional holders of AIG stocks are: VANGUARD GROUP INC with ownership of 81,351,669, which is approximately 1.263% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 77,772,167 shares of the stock with an approximate value of $3.79 billion in AIG stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $3.11 billion in AIG stock with ownership of nearly -0.473% of the company’s market capitalization.
Positions in American International Group Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 347 institutional holders increased their position in American International Group Inc. [NYSE:AIG] by around 37,188,616 shares. Additionally, 368 investors decreased positions by around 38,459,774 shares, while 117 investors held positions by with 706,340,274 shares. The mentioned changes placed institutional holdings at 781,988,664 shares, according to the latest SEC report filing. AIG stock had 95 new institutional investments in for a total of 4,343,386 shares, while 79 institutional investors sold positions of 2,405,495 shares during the same period.