why American International Group Inc. [AIG] is a Good Choice for Investors After New Price Target of $68.00

American International Group Inc. [NYSE: AIG] closed the trading session at $51.92 on 04/17/23. The day’s price range saw the stock hit a low of $50.69, while the highest price level was $51.99. The company report on April 13, 2023 that AIG Appoints Chris Colahan as Regional President, AIG Asia Pacific.

American International Group, Inc. (NYSE: AIG) today announced that Chris Colahan has been appointed Regional President, AIG Asia Pacific, and will join the company in the second quarter of 2023. Mr. Colahan will report to Jon Hancock, Chief Executive Officer of AIG’s International General Insurance business.

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The stocks have a year to date performance of -17.90 percent and weekly performance of 1.58 percent. The stock has been moved at 1.92 percent over the last six months. The stock has performed 3.45 percent around the most recent 30 days and changed -19.39 percent over the most recent 3-months.

If compared to the average trading volume of 5.44M shares, AIG reached to a volume of 4968016 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $68.00 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 2.30. 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 Neutral, with their previous recommendation back on February 22, 2023. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price to Market Perform. The new note on the price target was released on January 20, 2023, representing the official price target for American International Group Inc. stock. Previously, the target price had yet another raise to $70, while Morgan Stanley analysts kept a Overweight rating on AIG stock. On October 12, 2022, analysts increased their price target for AIG shares from 57 to 64.

The Average True Range (ATR) for American International Group Inc. is set at 1.46, 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 0.98, with the Price to Cash per share for the same quarter was set at 2.77. Price to Free Cash Flow for AIG in the course of the last twelve months was 11.85.

AIG stock trade performance evaluation

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 1.58. With this latest performance, AIG shares gained by 3.45% in over the last four-week period, additionally plugging by 1.92% over the last 6 months – not to mention a drop of -17.56% 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 50.83, with the RSI for the last a single of trading hit 59.92, and the three-weeks RSI is set at 46.68 for American International Group Inc. [AIG]. The present Moving Average for the last 50 days of trading for this stock 54.87, while it was recorded at 51.50 for the last single week of trading, and 56.05 for the last 200 days.

American International Group Inc. [AIG]: An insightful look at the core 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 +28.99. American International Group Inc.’s Net Margin is presently recorded at +18.21.

Return on Total Capital for AIG is now 25.92, given the latest momentum, and Return on Invested Capital for the company is 12.57. Return on Equity for this stock inclined to 19.40, with Return on Assets sitting at 2.10. 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 70.94. Additionally, AIG Total Debt to Total Capital is recorded at 41.50, with Total Debt to Total Assets ending up at 6.24. Long-Term Debt to Equity for the company is recorded at 66.39, with the Long-Term Debt to Total Capital now at 38.37.

Reflecting on the efficiency of the workforce at the company, American International Group Inc. [AIG] managed to generate an average of $392,252 per employee.

Earnings per share (EPS) analysis for American International Group Inc. [AIG] stock

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 13.98%.

American International Group Inc. [AIG]: Insider Ownership positions

There are presently around $34,076 million, or 92.00% of AIG stock, in the hands of institutional investors. The top three institutional holders of AIG stocks are: VANGUARD GROUP INC with ownership of 76,173,119, which is approximately -0.843% of the company’s market cap and around 0.32% of the total institutional ownership; BLACKROCK INC., holding 63,476,328 shares of the stock with an approximate value of $3.27 billion in AIG stocks shares; and CAPITAL RESEARCH GLOBAL INVESTORS, currently with $2.13 billion in AIG stock with ownership of nearly 30.412% of the company’s market capitalization.

Positions in American International Group Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 411 institutional holders increased their position in American International Group Inc. [NYSE:AIG] by around 59,755,351 shares. Additionally, 468 investors decreased positions by around 67,543,793 shares, while 140 investors held positions by with 535,136,566 shares. The mentioned changes placed institutional holdings at 662,435,710 shares, according to the latest SEC report filing. AIG stock had 126 new institutional investments in for a total of 13,653,312 shares, while 90 institutional investors sold positions of 8,202,557 shares during the same period.


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