The major topic under recent discussion regarding American International Group Inc (AIG) is its decision to sell a 20% stake in Corebridge to Nippon Life for $3.8 billion. The move has been presented as part of Nippon Life's push into the U.S market. This divestment is concurrent with the sale of 10431 AIG shares by Envestnet Portfolio Solutions Inc. Despite the changes, Morgan Stanley and Wells Fargo maintain their equal weight rating on AIG. Despite this, some analysts consider AIG stock to be undervalued.
In the earnings arena, the firm's Q1, Q2, and Q4 results are expected to see growth, with Q4 results exceeding the forecast. The company also boasts a rise in dividends to $0.40. AIG's general insurance business reported a 19% increase in Q4 income, bolstered by underwriting and investments. Looking forward, AIG's Chairman & CEO Peter Zaffino sold 333,000 shares of AIG while many believe that the company's fundamentals are driving its stock market performance.
American International Group AIG News Analytics from Sat, 04 Mar 2023 16:10:44 GMT to Sun, 19 May 2024 10:34:27 GMT - Rating 4 - Innovation -2 - Information 7 - Rumor -3
