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 25, 2024, AIG stock price declined to $76.82 with 2,814,524 million shares trading.

AIG has a beta of 0.75, meaning it tends to be less sensitive to market movements. AIG has a correlation of 0.24 to the broad based SPY ETF.

AIG has a market cap of $49.47 billion. This is considered a Large Cap stock.

Last quarter American Intl Gr reported $7 billion in Revenue and $1.16 earnings per share. This beat revenue expectation by $180 million and missed earnings estimates by -$.14.

In the last 3 years, AIG traded as high as $80.83 and as low as $45.66.

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

AIG has underperformed the market in the last year with a price return of +30.9% while the SPY ETF gained +38.3%. AIG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.6% and +0.4%, respectively, while the SPY returned +7.3% and +0.5%, respectively.

AIG support price is $76.60 and resistance is $78.76 (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 shares will trade within this expected range on the day.