American International Group (NYSE:AIG) has tumbled 2.86% during the past week and has dropped 6.23% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.69%. American International Group (NYSE:AIG) has underperformed the index by 7.09% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
American International Group (NYSE:AIG): The stock opened at $53.63 on Friday but the bulls could not build on the opening and the stock topped out at $53.71 for the day. The stock traded down to $53.15 during the day, due to lack of any buying support eventually closed down at $53.42 with a loss of -0.39% for the day. The stock had closed at $53.63 on the previous day. The total traded volume was 9,559,830 shares.
The company shares have dropped -14.64% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $64.93 and the one year low was seen on Feb 29, 2016. The 50-Day Moving Average price is $56.12 and the 200 Day Moving Average price is recorded at $55.88.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of American International Group Inc, Fisher Peter R., had purchased 4,280 shares in a transaction dated on May 5, 2015. The transaction was executed at $57.99 per share with total amount equaling $248,197.
Many analysts have stated their opinion on the company shares. Wells Fargo upgrades their rating on the shares of American International Group (NYSE:AIG). The current rating of the shares is Outperform. Earlier, the shares were rated a Market Perform by the brokerage firm. The rating by the firm was issued on May 17, 2016. Currently the company Insiders own 1.04% of American International Group shares according to the proxy statements. Institutional Investors own 72.12% of American International Group shares.
American International Group, Inc. (AIG) is an insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services. Its various offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. The Companys AIG Global Benefits Network provides administrative and marketing services to insurance companies offering benefit solutions to multinational employers. AIG Global Benefits Network can develop global benefit plan solutions for multinational clients by tapping the coverage options offered by carriers throughout the network. AIG operates through two segments: Commercial Insurance and Consumer Insurance. Commercial Insurance is a provider of insurance products and services for commercial and institutional customers.