Make Sure You Stick With American International Group Inc (AIG). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed AIG Reports Excellent Fourth Quarter and Full Year 2023 Results.

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Stocks Info

American International Group Inc is listed on the NYSE in the Financial sector while operating in the Insurance – Diversified industry. The current market capitalization of American International Group Inc is $50.97B. A total of 5.31 million shares were traded on the day, compared to an average of 3.87M shares.

In the most recent transaction, AMERICAN INTERNATIONAL GROUP, sold 6,210,256 shares of AIG for 21.75 per share on Dec 18 ’23. After the transaction, the 10% Owner now owns 324,203,636 company shares. In a previous transaction on Dec 05 ’23, AMERICAN INTERNATIONAL GROUP, sold 35,000,000 shares at 20.50 per share. AIG shares that 10% Owner owns now total 330,413,892.

Among the insiders who sold shares, AMERICAN INTERNATIONAL GROUP, disposed of 50,000,000 shares on Nov 08 ’23 at a per-share price of $20.50. This resulted in the 10% Owner holding 365,413,892 shares of AIG after the transaction. In another insider transaction, Carbone Kathleen sold 7,757 shares at $61.30 per share on Aug 09 ’23. Company shares held by the VP & Chief Accounting Officer now total 0.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. American International Group Inc pays an annual dividend of $1.40, resulting in a dividend yield of 1.87%, and it has a price to earnings (P/E) ratio of 14.98. AIG’s most recent ex-dividend date was 3/13/2024 when it declared a $0.36 quarterly dividend that was paid in cash on 3/28/2024. Previously, the company paid the dividend on 12/28/2023 with an ex-dividend date of 12/13/2023. The AIG stock dividend was $0.36 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, AIG has a high of $74.30 and a low of $45.66.

As of this writing, AIG has an earnings estimate of $1.73 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $1.87 per share and a lower estimate of $1.53. The company reported an EPS of $1.61 in the last quarter, which was 7.30% higher than expectations of $1.5.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. 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 $65.13, while its Total Shareholder’s Equity was $68.91B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 4.11.

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