American International Group Inc (NYSE:AIG) traded at $75.31 at close of the session on Tuesday, April 30, made a downward move of -0.57% on its previous day’s price.
Looking at the stock we see that its previous close was $75.74 . The company has a trailing 12-month PE ratio of 15.08. In terms of its 52-week price range, AIG has a high of $78.95 and a low of $48.95. The company’s stock has lost about -3.00% over that past 30 days.
American International Group Inc has a market cap of $50.76 billion. With its Forward Dividend at 1.44 and a yield of 1.91%, the company’s investors could be anxious for the AIG stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $1.65, with the EPS growth for the year raised at $6.99 for 2024 and $7.89 for next year. These figures represent 2.90% and 12.90% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $11.58 billion, with a low of $11.49 billion and a high of $11.72 billion. The median projection represents growth squeezing down to 5.40% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $48 billion, or 2.60% up from figures reported last year.
On the other hand, looking at the outlook for the AIG stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note that the PEG ratio for the AIG stock currently stands at 1.51, and the current price level is 0.21% off its SMA20 and 0.88% from its 50-day simple moving average. The RSI (14) is pointing at 52.37 while the volatility over the past week is 1.14% and jumps to 1.83% over the past one month. The beta value is 1.03, while the average true range (ATR) is currently pointing at 1.25.
Coming back to American International Group Inc (NYSE:AIG), we note that the average 3-month trading volume was 4.08 million. Current shares outstanding are 688.84 million.
The insiders hold 0.27% of the company’s shares while institutions hold 93.45%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 11.16% up in year-to-date price movement.
