Stock analysts at Citigroup, assumed coverage of shares of American International Group, Inc. (NYSE:AIG) with Neutral recommendation, according to their opinion released on January 21. Analysts at William Blair issued an upgrade for the stock to Outperform from previous rating of Mkt Perform, in a research note that dated back to July 19.
Let’s take a glimpse at some insider activity at American International Group, Inc. (NYSE:AIG) and observe the pattern. The earliest insider trade happened on 08/13/2019. Macia Seraina parted with a total of 7.55 thousand shares of the firm at average share price of $56. The total amount for the sale was set at $422.8 thousand. On completing this exchange, the EVP & CEO, Blackboard account balance was 11.06 thousand shares. The stock lost -6.59 percent from that insider sale. On 05/23/2019, Vaughan Therese M, Director, did a purchase of 1 thousand shares at a price of $51.71 per share. This increased 51.71 thousand shares to the insider’s fortune and the stock experienced a 1.16 percent rally in price since the news became public. This exchange saw 1 thousand shares get into the Director account. On 05/04/2018, Executive Vice President LEONARDI THOMAS B recorded a purchase transaction valued at $128.88 thousand. The purchase at $51.55 a share has added 2.5 thousand shares into the insider’s portfolio position. Meanwhile, shares price witnessed 1.47 percent increase since the transaction reporting date. The company insider is left with 2.5 thousand shares remaining in the account. STEENLAND DOUGLAS M, who works as Director at the company, performed a purchase of 4.8 thousand shares in a transaction worth $249.89 thousand. The acquisition recorded on 05/04/2018 was priced at $52.06 per share. The stock price soared 0.48 percent since the transaction. STEENLAND DOUGLAS M currently holds a stake of 4.8 thousand in AIG stock which is worth $251.18 thousand after the insider buying.
American International Group, Inc. (AIG) is most likely going to rise 14.54 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $68 as 12-month high price target. This represents a whopping 29.94 percent increase from the current trading price of shares. The 52-week median price target given by the analysts is $61.5, which means a return possibility of 17.52 percent in comparison with the closing price of the stock of $52.33 in recent trading session. The lowest price set for the stock is $51 which is just above -2.54 percent from AIG share’s price at the end of session.
The stock is lingering around the initial support level of $50.13. After this, the following support is at the zone of $49.6. Up until the time the AIG stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 55.99 on the daily chart, and this may be a cause for concern. In case the price goes below $49.6 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $51.63 level may cause a pull-back move approaching $52.6 mark.
In the recent trading session, American International Group, Inc. (NYSE:AIG) shares gained 3.33% or 1.68 points to reach at $52.33 with a thin trading volume of 1.364 million shares. It opened the trading session at $51.79, the shares rose to $52.08 and dropped to $50.58, the range by which the price of stock traded the whole session. The company now has a market cap of $45 billion and currently has 887.95 million outstanding shares. American International Group, Inc. (AIG) stock has plunged -1.38 percent of market value in 21 trading days.
AIG stock’s trailing 3-year beta is 1.12, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was $2.01 share in the trailing 52 weeks. The stock’s value fallen -1.32 percent year to date (YTD) compared to a rise of 15.11 percent in 52 week’s period. The firm’s shares are still trading -10.78 percent below its 1-year high of $58.66 and 30.84 percent up from 52-week low of $40.00. The average consensus ranking on the company is 2.3, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a sell.
American International Group, Inc. (AIG) shares are trading at a P/E ratio of 24.92 times earnings posted in the trailing 12 months. The industry AIG deals with has an average P/E of 26.75. Its P/B ratio is standing at 0.78X compared to the 1.3 industry average. It is additionally sporting a 0.96 on the Price-to-Sales ratio, compared to the industry’s P/S average of 0.03.
Past records have indicated that shares in American International Group, Inc. rose on 20 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of AIG’s Q4 earnings on February 13. Analysts are predicting revenue to suffer decline of -5.3 percent to $11.9B in the financial fourth quarter, while EPS will soar by about -258.73 percent to $1 per share. In the last quarter, it’s earnings of $0.56 per share came worse than the $1.01017, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $12.56B, topping the $12.13B analysts had expected. Earnings are seen to rise by -93.9 percent this year, 8.53 percent in the coming year and the trend continues by 66.76 percent every year in the next 5 years.