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 April 16, 2024, AIG stock price climbed to $73.06 with 1,046,110 million shares trading.

AIG has a beta of 0.67, meaning it tends to be less sensitive to market movements. AIG has a correlation of 0.25 to the broad based SPY ETF.

AIG has a market cap of $49.75 billion. This is considered a Large Cap stock.

Last quarter American Intl Gr reported $10 billion in Revenue and $1.79 earnings per share. This fell short of revenue expectation by $-3 billion and exceeded earnings estimates by $.14.

In the last 3 years, AIG stock traded as high as $78.95 and as low as $44.54.

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

AIG has outperformed the market in the last year with a return of +44.8%, while the SPY ETF gained +23.8%. In the last 3 month period, AIG beat the market returning +8.8%, while SPY returned +6.0%. However, in the most recent 2 weeks AIG has underperformed the stock market by returning -5.9%, while SPY returned -3.5%.

AIG support price is $72.08 and resistance is $74.02 (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.