American International Group (AIG)'s shareholders are set to receive a
bigger dividend than last year. Investment gains have led to increased Q4 profits, resulting in successful performance both quarterly and yearly. An
uptick in the stock has been observed, with a
long-term positive outlook. Notably, AIG’s
general insurance unit chair, David McElroy, is retiring from May. David's retirement has stirred reactions within the industry causing uncertainty for the company's future course. Wells Fargo & Company raises AIG’s price target to $82.00, hinting at potential undervaluation of the current stock. >Blackstone acquired assets from AIG's large housing portfolio while AM Best
upgraded credit ratings for AIG and its Property/Casualty Subsidiaries. A lawsuit has been launched by AIG against former senior executives who launched the rival insurer, Dellwood, a strategic move for preserving its market leadership. AIG recently reported a strong Q1 2024, with adjusted after-tax income increasing by 92% in Q3 2023. Notably, A solid overall performance has prompted AIG to increase its dividend to $0.40. Overall, the company remains on an upward trajectory.
American International Group AIG News Analytics from Thu, 08 Jun 2023 07:00:00 GMT to Sun, 12 May 2024 13:19:12 GMT -
Rating 8
- Innovation 5
- Information 6
- Rumor 1
