American International Group (AIG) has been performing exceptionally since the last earnings report, with its stock up by 4.6%. Notable financial updates include increased price target of $83 at BMO Capital, and strong Q4 earnings exceeding estimates. Moreover, the stock has been found to be undervalued, making it a recommended buy for investors. Another impressive achievement is the election of Juan Perez to AIG's board of directors. Despite a slight hiccup with general insurance underwriting revenue down by 29%, the company displayed remarkable resilience with the sale of its personal travel insurance and assistance business to Zurich. Looking at the executive team, Christopher Flatt executed his new role as the Global Chief Underwriting Officer, while Keith Walsh was appointed as the company's new finance chief. Furthermore, AIG outperformed in their Q3 and Q4 earnings, demonstrating strong growth. As a show of expansion, AIG intends to create over 600 jobs with the launch of a new office hub. Lastly, AIG sold a 21.6% stake in Corebridge to Nippon Life. Despite any short-term challenges, the future for AIG appears promising.
American International Group AIG News Analytics from Thu, 23 May 2024 07:00:00 GMT to Fri, 14 Mar 2025 15:03:10 GMT -
Rating 8
- Innovation 6
- Information 9
- Rumor 3
