American International Group (AIG) has been under the spotlight for various reasons including its financial performance, business strategies, and leadership changes. The company is known to have upped its dividend to $0.40. AIG has reported higher than expected earnings for Q1 2024, surpassing Wall Street's estimates largely due to strategic gains.
AIG's executive team saw a new addition with Kelly Lafnitzegger being appointed as the EVP and Chief Human Resources & Diversity Officer. Truist Financial Corp trimmed its stake in AIG, which may indicate shifting confidence levels in this insurer. Evercore ISI has raised the price target for AIG to $81.00, signaling high expectations from the market. AIG has also been noted for strong performance throughout 2024 with increased profits and a leap of nearly 9.1% since its last earnings report. In addition to this, the Group's general insurance unit chair David McElroy is expected to retire from May 1. Interestingly, there also seems to be internal strife as AIG has sued former senior executives who launched rival insurer Dellwood. Importantly, AIG's stock has been performing well in the market, hinting at solid fundamentals.
American International Group AIG News Analytics from Fri, 28 Jul 2023 07:00:00 GMT to Tue, 07 May 2024 02:39:06 GMT - Rating 7 - Innovation 5 - Information 8 - Rumor 4
