|Bid||48.86 x 1400|
|Ask||50.69 x 800|
|Day's Range||48.85 - 50.55|
|52 Week Range||48.85 - 65.55|
|Beta (3Y Monthly)||1.24|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 31, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||1.28 (2.44%)|
|1y Target Est||62.07|
Hurricane Michael has started slamming into the Alabama and Florida Gulf Coasts, and it could be catastrophic. Yahoo Finance’s Alexis Christoforous speaks with Accuweather meteorologist Jon Porter, Sibile Marcellus and Scott Gamm about the storm's impact.
It was 10 years ago today that President Bush signed TARP, a bailout plan meant to provide relief during the financial crisis in 2008. Yahoo Finance's Seana Smith, Dion Rabouin, and Andy Serwer discuss.
Schlumberger Ltd. (SLB), Colgate-Palmolive Co. (CL), Vodafone Group PLC (VOD) and American International Group Inc. (AIG) have declined to their respective three-year lows
The Financial Stability Oversight Council has been considering freeing the Newark, New Jersey-based insurer from heightened oversight for months. FSOC, whose members include the leaders of the Treasury Department, Federal Reserve and Securities and Exchange Commission, designated Prudential as a nonbank systemically important financial institution in 2013. It’s the only nonbank that still carries the label after regulators freed insurers American International Group Inc. and MetLife Inc., as well as General Electric Co.’s financial unit, from the designation in recent years.
AIG credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to email@example.com.
A Stone Point Capital-backed insurance broker is offering to help protect those trade secrets, and their fees, from a cyber attack. Alliant Insurance Services Inc. announced coverage and services that help hedge funds evaluate readiness for an attack. An insurance policy from Everest Re Group Ltd. to cover lost fee income from a hack is part of the package, Alliant said Thursday in a statement.
AIG Global Real Estate is seeking buyers for a Manhattan hotel that could fetch more than $200 million, according to a person familiar with the matter. AIG has tapped Eastdil Secured LLC to find prospective buyers for the 310-room Embassy Suites by Hilton New York Midtown Manhattan on West 37th Street, according to the person and marketing documents obtained by Bloomberg. Embassy Suites by Hilton is an upscale, all-suite brand.
American International Group, Inc. (AIG) today announced that Validus Holdings, Ltd. (“Validus”), an AIG company, will redeem all of Validus’ outstanding (i) 5.875% Non-Cumulative Preference Shares, Series A (CUSIP No. 91915W201) (the “Series A Preference Shares”) and (ii) 5.800% Non-Cumulative Preference Shares, Series B (CUSIP No. 91915W300) (the “Series B Preference Shares” and, together with the Series A Preference Shares, the “Preference Shares”). There are currently 6,000 issued and outstanding Series A Preference Shares and 10,000 issued and outstanding Series B Preference Shares.
American International Group, Inc. (AIG) today announced that Validus Reinsurance, Ltd. (“Validus Reinsurance”), an AIG company, will redeem all of Validus Reinsurance’s outstanding Floating Rate Deferrable Interest Junior Subordinated Notes due July 30, 2037 (CUSIP Numbers 33848KAA0 and 33848KAC6) (the “Junior Notes”) issued pursuant to the Junior Subordinated Indenture dated as of June 8, 2007, as supplemented from time to time, between Validus Reinsurance, as issuer, and Wilmington Trust Company, as trustee (the “Indenture”).
It has recently traded at a market-cap-weighted price/fair value estimate ratio of 0.96--a 4% discount to what our analysts believe the sector is worth. While the economy remains relatively strong, increased competition among banks shown in rising funding costs are slowing net interest margin growth, and uncertainty regarding credit costs is increasing. There is a general easing of financial regulation in the United States, but signs of tightening in China, Australia, and Europe.
In May 2017, American International Group AIG announced that Brian Duperreault would replace Peter Hancock as CEO. While AIG has not shown a lot of tangible progress in improving underwriting results so far, it will take some time to solve its issues, given the company's size, the magnitude of its issues, and the inherent delay between implementing better underwriting practices and their appearance in reported results. Given that we see no structural issues in its core operations, we believe that the company gradually trending toward results more on par with its peers is a realistic assumption, now that it has a management team with a solid underwriting background.
American International (AIG) to acquire specialty broker Glatfelter for fortifying its General Insurance segment's foothold.
A.M. Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Western World Insurance Company (Western World), Tudor Insurance Company (Tudor) and Stratford Insurance Company (Stratford). Western World, Tudor and Stratford are domiciled in New Hampshire. The outlook assigned to these Credit Ratings (ratings) is stable.
American International Group Inc said on Friday the insurer will acquire Glatfelter Insurance Group, a York, Pennsylvania-based insurance broker. Privately owned Glatfelter provides services for specialty insurance and has underwriting capabilities that will help boost AIG's general insurance business, AIG said. AIG's latest move comes as Chief Executive Officer Brian Duperreault, who took charge last year, is trying to grow the insurer as part of a strategy for boosting its revenues.
Leading global insurer American International Group, Inc. (AIG) today announced it has entered into a definitive agreement to acquire Glatfelter Insurance Group (“Glatfelter”), a full-service broker and insurance company providing services for specialty programs and retail operations. Headquartered in York, Pennsylvania, Glatfelter brings high-quality program underwriting capabilities that will accelerate the strategic positioning of AIG’s General Insurance business. The terms of the transaction were not disclosed.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Over the last month, growth of ETFs holding AIG is favorable, with net inflows of $14.57 billion.
FOX Business Network Anchor Stuart Varney was reporting from Wall Street during the thick of the 2008 financial crisis. As the investing world marks 10 years since those events unfolded, InvestorPlace asked him about his memories of that time and to provide his take on what investors should have learned from those dark days. Early in September, Fannie Mae and Freddie Mac were taken over by the government.
VALIC, an AIG company (AIG) and a leading group retirement plan provider, has been named the exclusive retirement provider for the PGA of America Golf Retirement Plus Program. VALIC assumes sole responsibility of the program’s PGA Members – nearly 6,500 golf professionals. “Our significant investments in people and technology have enabled VALIC to partner closely with a number of new institutions, and we are delighted to continue that momentum through our new, exclusive relationship with the PGA of America,” said Rob Scheinerman, President, Group Retirement.
Wall Street's profit-generating machine created a jumble of products (MBS, ABS, CDO...) designed to profit off of the relatively mundane business of mortgage lending. These products, which fueled the financial crisis, haven't disappeared and in some cases they are staging a comeback.
Wall Street's profit-generating machine created a jumble of products (MBS, ABS, CDO...) designed to profit off of the relatively mundane business of mortgage lending. Banks, insurance companies, hedge funds and others were hungry to partake, but what seemed like easy profit at first stopped working when borrowers stopped paying on their loans. Ten years ago, the Treasury announced the $700 billion federal Troubled Asset Relief Program or TARP.