AIG gets an outperform rating with a $64 price target. I guess
the BIG MONEY guys that control this stock aren't ready to let her run. They keep trying to get the little guys shares. Still holding tight. Thanks for the rating RBC Capital. AFL upgraded also and they are up 1 1/2%. Just saying
I think there is no manipulation - big buyers wait for at least 4 things happen at August the 4th:
1st P/C rate over or under 100 best would be 90-95 range ...
2nd more, substantial buybacks announced & pace of buyback since June 2, 2014.
3rd Jay Wintrops future
4th less important but still playing a role: dividend increase
Personally, for me only point 1 & 2 are really game changers in either direction.
A 5th point (CCAR) will also hold shares back a little till next year - I hope AIG management has the guts to make huge buybacks before CCAR test, AFTER this they should reduce debth - for the latter they don't need approval - I am just thinking Citigroups refusal of BB and not giving exact information why refused!