American International Group Inc. (NYSE:AIG) price is hovering lower on Wednesday, September 15, dropping -0.84% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $54.43, with intraday deals fluctuating between $54.27 and $55.39. The company’s 5Y monthly beta was ticking 1.39 while its P/E ratio in the trailing 12-month period read 11.42. Taking into account the 52-week price action we note that the stock hit a 52-week high of $55.78 and 52-week low of $25.57. The stock subtracted -0.33% on its value in the past month.
American International Group Inc., which has a market valuation of $46.76 billion, is expected to release its quarterly earnings report Nov 03, 2021 – Nov 08, 2021. The company stock has a Forward Dividend ratio of 1.28, while the dividend yield is 2.35%. It is understandable that investor optimism is growing ahead of the company’s current quarter results. Analysts tracking AIG have forecast the quarterly EPS to grow by 1.11 per share this quarter, while the same analysts predict the annual EPS to hit $4.9 for the year 2021 and up to $5.37 for 2022. In this case, analysts estimate an annual EPS growth of 94.40% for the year and 9.60% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $11.57 billion, with the likely lows of $11.57 billion and highs of $11.57 billion. Staying with the analyst view, there is a consensus estimate of $47.78 billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 5.60% above that which the company brought in 2021.
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 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 17 analysts have assigned AIG a recommendation rating as follows: 6 rate it as a Hold; 8 advise Buy while 3 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the American International Group Inc. (AIG) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0.36. The overview shows that AIG’s price is at present -0.82% off the SMA20 and 6.01% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 52.88, with weekly volatility standing at 1.73%. The indicator jumps to 1.86% when calculated based on the past 30 days. American International Group Inc. (NYSE:AIG)’s beta value is holding at 1.38, while the average true range (ATR) indicator is currently reading 1.10.
Turning out attention to how the American International Group Inc. stock has performed in comparison to its peers in the industry, here’s what we find: AIG’s stock is -0.84% on the day and 85.14% in the past 12 months, while Autoliv Inc. (ALV) traded -0.91% in the latest session and is positioned 10.82% up on its price 12 months ago. Another comparison is with Chubb Limited (CB) whose stock price is up 0.29% in the current trading session, and has flourished 49.97% over the past year. Also, Cigna Corporation (CI) is currently showing up trend of 0.53% while its price kept floating at 18.50% over the past year. As for American International Group Inc., the P/E ratio stands at 11.42 lower than that of Autoliv Inc.’s at 14.03 and Chubb Limited’s 10.01. Elsewhere in the market, the S&P 500 Index has rallied 0.25% in today’s early trading, with the Dow Jones Industrial also seeing a positive session on the day with 0.21%.
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 4.23 million.
Current records show that the company has 862.93M in outstanding shares. The insiders’ percentage holdings are 0.10% of outstanding shares while the percentage share held by institutions stands at 91.50%. But the 43.77% 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.