American International Group Inc [NYSE: AIG] plunged by -$0.18 during the normal trading session on while it closed the day at $68.98. The company report on January 16, 2024 at 4:16 PM that AIG to Report Fourth Quarter and Full Year 2023 Financial Results on February 13, 2024, and Host Conference Call on February 14.
American International Group, Inc. (NYSE: AIG) will report financial results for the fourth quarter and full year ended December 31, 2023, after the market closes on Tuesday, February 13, 2024. AIG’s press release and financial supplement will be available in the Investors section of AIG’s website at https://www.aig.com.
AIG will also host a conference call on Wednesday, February 14, 2024, at 8:30 a.m. ET to review these results. The live, listen-only webcast is open to the public and can be accessed in the Investors section of https://www.aig.com. A replay will be available after the call at the same location.
American International Group Inc stock has also gained 2.59% of its value over the past 7 days. However, AIG stock has inclined by 15.22% in the 3 months of the year. Over the past six months meanwhile, it has gained 13.38% and gained 1.82% year-on date.
The market cap for AIG stock reached $48.43 billion, with 734.13 million shares outstanding and 700.71 million shares in the current float. Compared to the average trading volume of 3.47M shares, AIG reached a trading volume of 3938767 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 $76.64 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 1.74. 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.
TD Cowen have made an estimate for American International Group Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on January 10, 2024.
The Average True Range (ATR) for American International Group Inc is set at 0.97, with the Price to Sales ratio for AIG stock in the period of the last 12 months amounting to 0.99. The Price to Book ratio for the last quarter was 1.23. Price to Free Cash Flow for AIG in the course of the last twelve months was 10.07.
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 2.59. With this latest performance, AIG shares gained by 3.06% in over the last four-week period, additionally plugging by 13.38% over the last 6 months – not to mention a rise of 9.21% 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 61.74, with the RSI for the last a single of trading hit 62.56, and the three-weeks RSI is set at 61.35 for American International Group Inc [AIG]. The present Moving Average for the last 50 days of trading for this stock 66.62, while it was recorded at 69.05 for the last single week of trading, and 60.06 for the last 200 days.
American International Group Inc [AIG]: An insightful look at the core fundamentals
American International Group Inc’s liquidity data is similarly interesting compelling, with a Current Ratio set at 9.87.
Earnings per share (EPS) analysis for American International Group Inc [AIG] stock
With the latest financial reports released by the company, American International Group Inc posted 1.36/share EPS, while the average EPS was predicted by analysts to be reported at 1.29/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.40%. 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 14.41%.
American International Group Inc [AIG]: Institutional Ownership
The top three institutional holders of AIG stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in AIG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in AIG stock with ownership which is approximately 5.8325%.
