Numerous items of recent news circulate around the
American International Group (AIG). The company's stock performed sluggishly, underperforming the market, but has recorded a 9% upturn Year-To-Date (YTD).
Investors show mixed attitudes, with
Allspring Global Investments Holdings LLC increasing their holdings while
Sequoia Financial Advisors LLC and
MV Capital Management Inc reduce their positions in AIG. AIG plans to sell a 20% stake in
Corebridge to
Nippon Life for $3.8 billion. The company's financial performance appears strong despite perceived market weaknesses.
ClearBridge Value Equity Strategy views AIG as an 'Internal Return Engine', implying its potential for consistent growth. AIG consistently surpasses earnings estimates driven by its solid financials and is set to pay out a larger
dividend than last year. A conflict has arisen with the company suing former senior executives who launched rival insurer Dellwood. Lastly, AIG has also announced plans to sell its global personal travel insurance and assistance business, including Travel Guard®, to Zurich.
American International Group AIG News Analytics from Sat, 04 Mar 2023 08:51:06 GMT to Sat, 06 Jul 2024 15:51:02 GMT -
Rating 4
- Innovation -3
- Information 7
- Rumor 3
