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Tuesday, June 6, 2023

Taking On Challenges And Growing? – American International Group Inc. (AIG)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for American International Group Inc. (AIG) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $52.49. The American International Group Inc. has recorded 38,849 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that AIG Reports First Quarter 2023 Results.

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Stocks Info

This NYSE-listed company operates within the Insurance – Diversified industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $52.49 and fluctuated between $53.34 as its day high and $51.86 as its day low. The current market capitalization of American International Group Inc. is $38.22B. A total of 3.08 million shares were traded on the day, compared to an average of 5.29M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, AIG has seen 19 BUY and 12 SELL insider trades, representing the acquisition of 636,541 and the disposition of 320,847 shares. Over the last 12 months, there were 34 BUYs and 31 SELLs from insiders. Insiders purchased 983,276 shares during that period but sold 512,053.

In the most recent transaction, AMERICAN INTERNATIONAL GROUP, sold 80,000,000 shares of AIG for 21.00 per share on Sep 19. After the transaction, the 10% Owner now owns 501,145,000 company shares. In a previous transaction on Sep 01, AMERICAN INTERNATIONAL GROUP, bought 720,000 shares at 25.00 per share. AIG shares that 10% Owner owns now total 720,000.

Among the insiders who sold shares, Fato Luciana disposed of 17,000 shares on Aug 24 at a per-share price of $54.01. This resulted in the EVP, GC, Comms & Govt Affairs holding 45,444 shares of AIG after the transaction.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. American International Group Inc. pays an annual dividend of $1.44, resulting in a dividend yield of 2.74%, and it has a price to earnings (P/E) ratio of 4.11. AIG’s most recent ex-dividend date was 6/15/2023 when it declared a $0.36 quarterly dividend that was paid in cash on 6/30/2023. Previously, the company paid the dividend on 3/31/2023 with an ex-dividend date of 3/16/2023. The AIG stock dividend was $0.32 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for AIG in the last 3 months, the mean price target is $68.47 with high estimates of $79.00 and low estimates of $58.00. In terms of 52-week highs and lows, AIG has a high of $64.88 and a low of $45.66.

As of this writing, AIG has an earnings estimate of $1.68 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $1.77 per share and a lower estimate of $1.56. The company reported an EPS of $1.36 in the last quarter, which was 5.40% higher than expectations of $1.29.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. AIG’s latest balance sheet shows that the firm has $292.76B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $58.87, while its Total Shareholder’s Equity was $68.91B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AIG is Buy with a score of 4.00.

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