American International Group (AIG) has been making strategic business decisions to strengthen its position in the market. A significant narrative includes the sale of AIG's travel insurance business and global personal travel insurance and assistance business to Zurich, each for $600 million. Zurich Insurance expects this acquisition to further bolster its US operations. Moreover, AIG has demonstrated an impressive ability to beat expectations with strong quarterly results. The implementation of strategic decisions has also enabled AIG to register upswing in its stock. It has ended up selling a part of its common stocks to Nippon Life Insurance company, while Blackstone acquired assets in AIG's housing portfolio, further diversifying AIG's portfolio. Institutional ownership is also heavily dominating AIG's shares. AIG has registered strong Q4 and full year 2023 results, affirming its strength as a good investment. These strategic initiatives coupled with its consistent performance makes AIG a solid value stock for the long term.
American International Group AIG News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Sat, 29 Jun 2024 11:14:22 GMT -
Rating 8
- Innovation 5
- Information 9
- Rumor -3
