American International Group Inc. (AIG) is making key moves in the market, with its stock consistently rising, although it seems to be underperforming when compared to the broader market. The company is recognized as a strong value stock and is continually making prominent appointments such as Adam Burk as Global Treasurer & Head of Corporate Development. AIG's performance seems solid as it beat Q4 profit estimates and saw a 9% rise in its stock year-to-date, and a whopping 88% rise over the last five years. A significant development includes selling AIG's Travel Insurance Business to Zurich for $600 Million. Furthermore, the Bank of America lowered AIG's price target to $81.00. A key insight reveals that the company plans to sell Corebridge common stock to Nippon Life Insurance Company while selling its personal travel insurance & assistance business to Zurich. Still, AIG reported strong Q4 earnings, with the income of the General Insurance unit up by 19% and the return on the overall investment exceeding expectations. To top it off, AIG's issuer credit ratings have been upgraded by AM Best.
American International Group AIG News Analytics from Wed, 01 Nov 2023 07:00:00 GMT to Sun, 14 Jul 2024 10:12:17 GMT -
Rating 6
- Innovation 2
- Information 7
- Rumor -3
