American International Group Inc (NYSE: AIG) has reported earnings for its second fiscal quarter (ending June 30) of $0.72 versus $1.15 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $4.05 compared to $5.91 a year ago.
Recent Price Action
American International Group Inc (NYSE: AIG) stock closed at $79.23 on 7/31/24 after a slight gain of 0.3%. NORMAL trading volume accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 3.1% during the last week.
Current PriceTarget Research Rating
AIG’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
American International Group has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. American International Group has a good Appreciation Score of 71 and a good Power Rating of 76, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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