American International Group Inc (NYSE: AIG) -2.24% Decline Turns Investors Away

American International Group Inc (NYSE:AIG) price is hovering lower on Wednesday, April 17, dropping -2.24% below its previous close.

A look at today’s price movement shows that the recent level at last check reads $73.81. The company’s P/E ratio in the trailing 12-month period read 14.44. Taking into account the 52-week price action we note that the stock hit a 52-week high of $78.95 and 52-week low of $48.95. The stock subtracted -4.22% on its value in the past month.

American International Group Inc, which has a market valuation of $49.14 billion. The company stock has a Forward Dividend ratio of 1.44, while the dividend yield is 2.00%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give AIG a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.

If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.44. The overview shows that AIG’s price is at present -5.53% off the SMA20 and -2.15% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 35.85, with weekly volatility standing at 2.16%. The indicator jumps to 1.75% when calculated based on the past 30 days. American International Group Inc (NYSE:AIG)’s beta value is holding at 1.03, while the average true range (ATR) indicator is currently reading 1.45.

An analysis of the American International Group Inc (NYSE:AIG) stock in terms of its daily trading volume indicates that the 3-month average is 4.03 million.

Current records show that the company has 688.84M in outstanding shares. The insiders’ percentage holdings are 0.25% of outstanding shares while the percentage share held by institutions stands at 92.61%. But the 6.51% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.

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