American International Group, I which can be found using ticker (AIG) now have 14 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The range between the high target price and low target price is between 79 and 55 and has a mean target at $67.71. Given that the stocks previous close was at $51.55 this would imply there is now a potential upside of 31.3%. Also worth taking note is the 50 day moving average now sits at $54.08 while the 200 day moving average is $56.07. The company has a market cap of $38,218m. Find out more information at: https://www.aig.com
The potential market cap would be $50,198m based on the market consensus.
American International Group offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through General Insurance, and Life and Retirement segments. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance. This segment also offers marine, energy-related property insurance, aviation, political risk, trade credit, trade finance, and portfolio solutions, as well as operates reinsurance business; voluntary and sponsor-paid personal accident, and supplemental health products; and personal auto and personal property insurance. The Life and Retirement segment offers individual retirement products, including variable, fixed index, and fixed annuities, as well as retail mutual funds; group retirement products comprising record-keeping, plan administrative and compliance services, financial planning, and advisory solutions; life insurance, including term and universal life insurance; and institutional markets products, which includes wrap products, structured settlement, pension risk transfer annuities, corporate and bank-owned life insurance, high net worth, and guaranteed investment contract products. The company distributes its products through a network of brokers, agents, advisors, banks, and other distributors. American International Group was founded in 1919 and is headquartered in New York, New York.
The company has a dividend yield of 2.47% with the ex dividend date set at 16-3-2023 (DMY).
Other points of data to note are a P/E ratio of 4, revenue per share of 72.46 and a 1.82% return on assets.
