American International Group Inc. [AIG] Is Currently 2.56 below its 200 Period Moving Avg: What Does This Mean?

American International Group Inc. [NYSE: AIG] traded at a high on 09/07/22, posting a 2.56 gain after which it closed the day’ session at $53.70. The company report on September 6, 2022 that AIG Announces Launch of Initial Public Offering of Corebridge Financial, Inc.


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American International Group, Inc. (NYSE: AIG) today launched the initial public offering (“IPO”) of its majority-owned subsidiary, Corebridge Financial, Inc. (“Corebridge,” previously “SAFG Retirement Services, Inc.”).

AIG, as the selling stockholder, is offering 80 million shares of common stock (out of 645 million total common shares) of Corebridge and has granted a 30-day option to the underwriters for the purchase of up to an additional 12 million shares of common stock. The IPO price is currently expected to be between USD 21 and USD 24 per share. All of the net proceeds from the offering will go to AIG.

The results of the trading session contributed to over 3989735 shares changing hands. Over the past one week, the price volatility of American International Group Inc. stands at 3.07% while the volatility over the past one month is 2.24%.

The market cap for AIG stock reached $40.78 billion, with 790.90 million shares outstanding and 759.26 million shares in the current float. Compared to the average trading volume of 4.57M shares, AIG reached a trading volume of 3989735 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 $67.10 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.

Wolfe Research have made an estimate for American International Group Inc. shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on February 10, 2022. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on November 23, 2021, representing the official price target for American International Group Inc. stock. Previously, the target price had yet another raise to $64, while Jefferies analysts kept a Hold rating on AIG stock.

The Average True Range (ATR) for American International Group Inc. is set at 1.35, with the Price to Sales ratio for AIG stock in the period of the last 12 months amounting to 0.71. The Price to Book ratio for the last quarter was 0.95, with the Price to Cash per share for the same quarter was set at 3.13. Price to Free Cash Flow for AIG in the course of the last twelve months was 13.32.

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 2.50. With this latest performance, AIG shares gained by 2.74% in over the last four-week period, additionally sinking by -3.17% over the last 6 months – not to mention a drop of -1.77% 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 51.23, with the RSI for the last a single of trading hit 52.41, and the three-weeks RSI is set at 50.67 for American International Group Inc. [AIG]. The present Moving Average for the last 50 days of trading for this stock 52.62, while it was recorded at 52.51 for the last single week of trading, and 57.04 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 +21.48. American International Group Inc.’s Net Margin is presently recorded at +18.03.

Return on Equity for this stock inclined to 14.19, with Return on Assets sitting at 1.81.

Earnings analysis for American International Group Inc. [AIG]

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 9.80%.

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

There are presently around $37,298 million, or 93.00% of AIG stock, in the hands of institutional investors. The top three institutional holders of AIG stocks are: VANGUARD GROUP INC with ownership of 78,983,821, which is approximately -1.912% of the company’s market cap and around 0.15% of the total institutional ownership; BLACKROCK INC., holding 67,039,037 shares of the stock with an approximate value of $3.6 billion in AIG stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $2.29 billion in AIG stock with ownership of nearly -40.408% of the company’s market capitalization.

Positions in American International Group Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 424 institutional holders increased their position in American International Group Inc. [NYSE:AIG] by around 45,698,481 shares. Additionally, 421 investors decreased positions by around 72,820,524 shares, while 157 investors held positions by with 576,043,065 shares. The mentioned changes placed institutional holdings at 694,562,070 shares, according to the latest SEC report filing. AIG stock had 101 new institutional investments in for a total of 14,803,173 shares, while 94 institutional investors sold positions of 2,857,006 shares during the same period.

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