AIG Stock Summary and Trading Ideas (American Intl Gr | NYSE:AIG)

American International Group is one of the largest insurance and financial services firms in the world and has a global footprint. It operates through a wide range of subsidiaries that provide property, casualty, and life insurance. The company recently spun off its life insurance operations (Corebridge), but still retains a majority stake.

American Intl Gr trades on the NYSE stock market under the symbol AIG.

As of October 2, 2023, AIG stock price declined to $59.65 with 1,365,354 million shares trading.

AIG has a beta of 0.87, meaning it tends to be less sensitive to market movements. AIG has a correlation of 0.26 to the broad based SPY ETF.

AIG has a market cap of $43.76 billion. This is considered a Large Cap stock.

Last quarter American Intl Gr reported $13 billion in Revenue and $1.75 earnings per share. This beat revenue expectation by $934 million and exceeded earnings estimates by $.21.

In the last 3 years, AIG stock traded as high as $65.73 and as low as $27.07.

The top ETF exchange traded funds that AIG belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

AIG has outperformed the market in the last year with a price return of +28.0% while the SPY ETF gained +18.9%. AIG has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +4.9% and -2.5%, respectively, while the SPY returned -2.7% and -4.2%, respectively.

AIG support price is $59.97 and resistance is $61.23 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AIG stock will trade within this expected range on the day.