AIG - American International Group, Inc.
54.21 0.00 (0.00%)
After hours: 6:09PM EDT
| Previous Close | 54.42 |
| Open | 53.91 |
| Bid | 54.01 x 1300 |
| Ask | 54.39 x 800 |
| Day's Range | 53.63 - 54.35 |
| 52 Week Range | 36.16 - 58.66 |
| Volume | 1,966,686 |
| Avg. Volume | 3,579,337 |
| Market Cap | 47.158B |
| Beta (3Y Monthly) | 1.06 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.14 |
| Earnings Date | Oct 29, 2019 - Nov 4, 2019 |
| Forward Dividend & Yield | 1.28 (2.35%) |
| Ex-Dividend Date | 2019-09-16 |
| 1y Target Est | 59.69 |
- Zacks
Progressive (PGR) to Report Q3 Earnings: Is a Beat in Store?
Progressive's (PGR) third-quarter premiums are likely to have benefited from solid policies in force, higher retention, competitive rates and compelling product portfolio.
- Insider Monkey
American International Group Inc (AIG): Hedge Funds Are Snapping Up Once Again
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]
- MarketWatch
AIG names TIAA Nuveen's John Panagakis CEO First Principles Capital
American International Group Inc. said Wednesday it has named John Panagakis as chief executive offer of First Principles Capital Management LLC, the unit that provides institutional clients with fixed income and derivatives services. Panagakis comes to the role form TIAA Nuveen, where he spent more than 30 years in a variety of roles, most recently servicing as executive vice president and head of international advisory services. FPCM has about $8 billion in assets under management. AIG shares rose 2.4% premarket and are up 33% in 2019, while the S&P 500 has gained 15%.
- Zacks
American International Group (AIG) Moves to Buy: Rationale Behind the Upgrade
American International Group (AIG) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- Business Wire
AIG Names John Panagakis Chief Executive Officer, First Principles Capital Management
American International Group, Inc. (AIG) today announced that John Panagakis has been elected as Chief Executive Officer, First Principles Capital Management, LLC (FPCM), the unit of AIG Investments that serves institutional clients with expertise across the global fixed income securities and derivatives markets, effective today.
- Zacks
Can American International Group (AIG) Keep the Earnings Surprise Streak Alive?
American International Group (AIG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- Moody's
National Union Fire Ins Co of Pittsburgh, Pa. -- Moody's announces completion of a periodic review of ratings of American International Group, Inc.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of American International Group, Inc. New York, October 07, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of American International Group, Inc. (AIG) and other ratings that are associated with the same analytical unit. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
- Morningstar
Financial Services: Best Values in Stocks With Elevated Near-Term Risks
The Morningstar U.S. Financial Services Index rose 1% quarter to date through Sept. 24, in line with the market as a whole (Exhibit 1). Overall, the median U.S.-based financial-services stock trades at about a 2% discount to our fair value estimate, so we consider the U.S. financial sector slightly undervalued. At the conclusion of its September meeting, the Federal Open Market Committee voted to decrease its target rate range to 1.75%-2% from 2%-2.25%.
- Reuters
Australia's Westpac considers sale of life insurance unit-sources
Westpac Banking Corp, Australia's second-largest bank, is considering selling its life insurance business, two sources told Reuters, in what could be the last of the Big Four lenders to exit the industry. Westpac has not made a final decision to divest the unit, but it has received some interest and discussions are at a preliminary stage, one of the sources said. The sources declined to be identified because the plans are private.
- Bloomberg
AIA Can Withstand Hong Kong Visitor Hit
(Bloomberg Opinion) -- Turbulent times should mean good business for insurers as people try to protect themselves against the hazards of an uncertain world. Hong Kong’s summer of unrest has proved anything but happy for shares of AIA Group Ltd., the city’s biggest seller of policies. The company may prove more resilient than investors are giving it credit for.AIA has slumped more than 16% from its July 19 peak, among the worst performers on Hong Kong’s Hang Seng Index in that period. The insurer has the third-highest weighting in the benchmark after HSBC Holdings Plc and Tencent Holdings Ltd., which have both lost less than 9% over the same time frame. AIA’s steepening decline is unusual for a stock that has mostly seen steady gains since it was spun out of American International Group Inc. after the financial crisis in 2010.Blame the Hong Kong protests. Anti-government demonstrations have led to a precipitous fall in mainland Chinese visitors to the semi-autonomous city. These tourists are an important source of business for Hong Kong insurers, whose dollar-based products offer a hedge against the falling yuan and a route outside China’s restrictive capital controls. Chinese tour groups to Hong Kong for the Golden Week holiday starting Oct. 1 are set to plunge 86% from a year earlier, Jinshan Hong and Qian Ye of Bloomberg News reported last week, citing the city’s Travel Industry Council.Policies sold to mainland visitors accounted for 26% of total new premiums received from individuals in the first six months of 2019, according to Hong Kong’s Insurance Authority. While AIA sells insurance across Asia, Hong Kong contributed 40% of its new business value in the first half, Michael Chang of CGS-CIMB Securities Ltd. reckons. Of this, mainland Chinese visitors accounted for 20%, Chang estimates.The physical presence of customers in Hong Kong is important because, unlike most financial assets, the city’s regulators require insurance to be sold face-to-face, at least to new clients. AIA, Prudential Plc and China Taiping Insurance Holdings Co., a state-controlled company based in Shanghai, are among the most reliant on mainland visitors, according to Bloomberg Intelligence analyst Steven Lam.There’s more to AIA’s China exposure than sales made in Hong Kong, though. The company’s new business value in China surged 26% in the first half to account for 29% of AIA’s total. Demand for insurance is surging in the mainland as incomes rise while health and retirement systems remain under-developed.Until recently, AIA had failed to make much headway in a market that’s dominated by state behemoths such as China Life Insurance Co., despite being the only foreign insurer allowed to operate without a partner (thanks to roots that stretch back to 1919, when AIG was founded in Shanghai). That may be starting to change as the government, under pressure from slowing economic growth, opens its financial markets further to overseas companies.This year, the government loosened regulations that restricted AIA to five geographical regions: Beijing, Shanghai, Shenzhen and the provinces of Jiangsu and Guangdong. The insurer has now moved into new provinces and started selling policies in Tianjin municipality and in the city of Shijiazhuang in Hebei province. (German insurer Allianz SE has been given the green light to set up the first wholly foreign-owned insurance holding company in the country.)In any event, the collapse in Chinese visitors to Hong Kong is likely to ease even if the protests continue. Investment-linked insurance products denominated in the Hong Kong dollar – which is pegged to the greenback – offer a perennial hard-currency allure for mainland individuals with few opportunities to diversify at home. Insurers in the city also sell policies denominated in the U.S. dollar itself. AIA’s new business value in Hong Kong jumped 19% in the first half.The slide in AIA stock has taken its price to embedded value to 1.9 times, from a peak of 2.4 times at the end of June. That’s still a premium to rivals such as Ping An Insurance (Group) Co., at 1.3 times, and China Life at 0.5 times, according to data compiled by Bloomberg. Prudential, weighed down by its exposure to the slower-growing U.K. market, trades at 0.7 times embedded value. Still, 19 of 22 analysts tracked by Bloomberg rate AIA stock a buy, with only one sell recommendation.This slump looks to have limits. To contact the author of this story: Nisha Gopalan at ngopalan3@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Business Wire
One in Two Seniors Manage Finances Alone, Leaving Them Vulnerable to Scams and Financial Exploitation, According to AIG Plan for 100 Elder Financial Abuse Study
According to new research from AIG Life & Retirement, more than half of Americans (53 percent) say that elder financial abuse is likely to compromise their ability to live a long, financially secure life and nearly two thirds (65 percent) say the same for a close relative or friend. Heightening this concern, almost half of seniors 65 or older (47 percent) manage their finances—from paying bills to handling investments —entirely on their own. As a result, many seniors leave themselves vulnerable to financial abuse, whether through financial scams perpetrated by strangers or financial exploitation conducted by family or friends.
- Reuters
CORRECTED-YOUR MONEY-How to make seniors smarter about financial scams
Elder financial abuse runs the gamut from stranger danger to scheming family members to unscrupulous financial advisers. Seniors in the United States are scammed out of some $37 billion a year, according to a new report by AIG Life and Retirement. One woman currently being sheltered by the Weinberg Center for Elder Justice, a nonprofit in New York that helps abused seniors, lost her house in a "sweetheart scam" in which a stranger preyed upon her loneliness by developing a romantic relationship via online chats.
- Investopedia
9 High Return Stocks That Can Lead With Market Near Record Highs
Goldman Sachs says that a select group of reasonably priced, high-ROE growth stocks will outperform.
- Zacks
MetLife Suffers Due to Low Interest Rate, Eyes Recovery
Low interest rates weigh on MetLife's (MET) investment income but various recovery measures help.
- Zacks
AIG Stock Hits 52-Week High: Will the Uptrend Continue?
American International (AIG) stock benefits from improving operating profitability and numerous growth strategies.
- Moody's
Variable Annuity Life Insurance Company -- Moody's announces completion of a periodic review of ratings of AIG Life and Retirement
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of AIG Life and Retirement and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
- GuruFocus.com
5 Companies Hit 52-Week Highs
Most recently, these companies have managed to achieve yearly highs Continue reading...
- Morningstar
13 Stocks to Own
In Steal Like an Artist, author (and artist) Austin Kleon argues that nothing is completely original--we learn by copying. Kleon isn't suggesting that plagiarism is OK. Rather, he tells readers that they should collect good ideas and allow themselves to be influenced by them.
- PR Newswire
Report: Significant Majority of Leisure Travelers Embrace Innovation in Travel
AIG Travel shares results of its latest consumer research, insights for the travel industry HOUSTON , Sept. 17, 2019 /PRNewswire/ -- As American International Group, Inc. (NYSE: AIG) celebrates its centennial ...
- Business Wire
AIG Announces Adjustments to Warrant Exercise Price and Shares Receivable Upon Warrant Exercise
American International Group, Inc. (AIG) today announced that in accordance with the terms of the outstanding warrants (CUSIP number 026874156) (the “Warrants”) to purchase shares of AIG Common Stock, par value $2.50 per share, the Warrant exercise price will be reduced to $43.0865 per share from $43.1179 per share and the number of shares of AIG Common Stock receivable upon Warrant exercise will increase to 1.046 from 1.045. Each of these adjustments will be effective at the close of business on September 17, 2019. Any Warrant exercised on or prior to September 17, 2019 will not be entitled to these adjustments.
- Zacks
American International Group (AIG) Gains As Market Dips: What You Should Know
American International Group (AIG) closed at $55.41 in the latest trading session, marking a +1.02% move from the prior day.
- Moody's
Validus Reinsurance, Ltd -- Moody's announces completion of a periodic review of ratings of Validus Holdings, Ltd.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Validus Holdings, Ltd. New York, September 09, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Validus Holdings, Ltd. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
- Zacks
Why Is American International Group (AIG) Down 3.8% Since Last Earnings Report?
American International Group (AIG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
