American International Group Inc (NYSE: AIG) stock slipped 0.19% in theJuly 6 trading session. It opened trading at $57.16, dipped to $56.97, hit a high of $57.67, and closed trading at $57.60 with an intraday trading volume of 4.172 million.
In the 52-week range, the highest trading price of AIG stock was $64.88, and the lowest was $45.66. As per analysts, in the financial year 2023, AIG stock price might hit $68.79, which is 19.42% higher than the current trading price.
In Thursday’s trading session, AIG stock reflected a majority of buyers. Technical indicators and analyst ratings from TradingView suggest that the ongoing movement of AIG stock is the perfect time to buy more of it.
American International Group Inc’s (NYSE: AIG) market capitalization is $42.284 billion, and the average trading volume is 3.60 million. The dividend yield of AIG stock is 2.50%.
As per relevant data, 732.53 million AIG shares are free-floating, and the remaining 1.564 million shares are closely held either by the company’s financial backers or the board of directors or both.
American International Group Inc (NYSE: AIG) Earnings & Revenue
Impressing its investors, American International Group Inc (NYSE: AIG) reported 4.88% extra revenue than the estimated figures. The company’s estimated revenue was $11.63 billion and the reported revenue was $12.19 billion.
The analysts predict that the company might report $11.75 billion in Q2 and $12.56 billion in Q3 2023. Earnings per share (EPS) of American International Group surged over 14% compared to the estimated figures. It is important to note that AIG EPS has shown a constant surge since Q2 2022.
According to the official update, the company will release the earnings of Q2 2023 on August 1 after closing the market and will conduct a conference call to review the earnings on August 2 2023. The company also revealed that it serves users in more than 70 nations globally.
Total revenue for Q1 2023 was $10.79 billion, including $195.00 million operating income, -$231.00 million pretax income, $30.00 Million net income and a profit margin of 0.28%.
The majority of American International Group Inc’s income is generated from general insurance, life & retirement insurance, reconciling items, and other operations. The company significantly serves customers in North America and some other international regions.
In the financial year 2022, a significant chunk of the company’s revenue was generated from general insurance, followed by life and retirement insurance.
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Source: https://www.thecoinrepublic.com/2023/07/07/aig-stock-price-declined-intraday-after-earnings-release-news/