|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||42.39 - 43.83|
|52 Week Range||39.29 - 65.05|
|Beta (3Y Monthly)||1.55|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 6, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||1.28 (2.89%)|
|1y Target Est||55.80|
For insurers that could mean several billion dollars in losses, RBC Capital Markets analyst Mark Dwelle told clients in a note on Monday. Last year, 1.24 million acres burned across the state, generating $16 billion in costs for insurers covering homes and farms, or almost quadruple the amount in 2016, according to ratings firm A.M. Best. Insurers are hoping to reduce potential damage from the Camp Fire in the northern part of that state and the Woolsey Fire, which is spreading around parts of suburban Los Angeles.
In this daily bar chart of AIG, below, we can see that prices are below the declining 50-day average line and the declining 200-day line. The On-Balance-Volume (OBV) line was weak from early August into late October. A weak OBV line comes from more aggressive selling.
The U.S. Securities and Exchange Commission told American International Group Inc to improve disclosures about its use of reinsurance to mitigate losses in its property and casualty unit, according to correspondence made public on Friday. After reviewing AIG's 2017 annual filing, SEC staff asked the insurer to add information that includes details about the amount of reinsurance it receives from a pact with Warren Buffett's Berkshire Hathaway Inc.
Ben Bernanke said that 10 years after the crisis, he sees a need for the Fed to have more "lender of last resort" powers to address systemic issues outside of the banking industry.
In October the Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by about 4 percentage points as investors worried over the possible ramifications of rising interest rates. The hedge funds and institutional investors we track typically invest more in smaller-cap stocks than an average investor (i.e. only 298 S&P 500 constituents were […]
Smart travelers do dumb things. “What generally gets people in trouble is overestimating their abilities and underestimating their risk,” says Tim Daniel, senior advisor for innovation and business strategy at International SOS, a travel-security firm. Vishal Bhatnagar/NurPhoto/ Tourists take a selfie at a temple in India. Mr. Daniel believes that this flawed judgment—known as cognitive bias—leads even the savviest of travelers astray in many situations.
VALIC, an AIG company (AIG) and a leading group retirement plan provider, has launched SponsorFITSM, an innovative web-based tool for plan sponsors and part of the VALIC.com experience. SponsorFIT is designed to help plan sponsors monitor and improve plan health, as well as simplify plan administration, allowing them to better support plan participants. “SponsorFIT is not only about creating digital tools, but creating cohesive, personalized digital experiences for our plan sponsors,” said Robert Scheinerman, president, Group Retirement, AIG Life & Retirement.
American International Group, Inc. (AIG) today announced it has completed its acquisition of Glatfelter Insurance Group (“Glatfelter”). As part of AIG, Glatfelter brings a high-quality specialty programs business, a demonstrated track record of strong underwriting results and proprietary program management technology that is expected to accelerate the strategic positioning of AIG’s General Insurance business. “Glatfelter’s strong underwriting culture and deeply experienced management team with expertise in North American programs will help us deliver sustainable, profitable growth as we continue to build value for our stakeholders,” said Brian Duperreault, President and Chief Executive Officer of AIG.
Validus Holdings Ltd, a Bermuda-based reinsurer that AIG acquired for $5.56 billion in July, is winding down insurance coverage it provides to shipping companies that transport cargo to and from Iran, according to an AIG filing on Nov. 2. The cargo includes crude oil shipped from Iran and refined petroleum products shipped to Iran, according to the filing.
American International Group Inc is exiting business activities in Iran that came with a subsidiary it acquired and which now butt up against the sanctions against Iran that have been reimposed by the Trump administration, according to a filing. Validus Holdings Ltd, a Bermuda-based reinsurer that AIG acquired for $5.56 billion in July, is winding down insurance coverage it provides to shipping companies that transport cargo to and from Iran, according to an AIG filing on Nov. 2. The cargo includes crude oil shipped from Iran and refined petroleum products shipped to Iran, according to the filing.
NEW YORK, Nov. 06, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
There is no threat to European Union financial stability from insurers in Britain and Gibraltar that have yet to shift contracts with EU customers to the bloc in case of a hard Brexit, an EU watchdog said on Monday. The European Insurance and Occupational Pensions Authority (EIOPA) said the biggest insurers in Britain and Gibraltar are shifting nearly 30 million contracts with European Economic Area (EEA) customers to ensure "continuity" in case Britain crashes out of the EU without a withdrawal deal next March.
American International Group Inc. shares surged as much as 8.1 percent on Thursday, the biggest increase in almost seven years, as the insurer showed improvement in a key metric for Chief Executive Officer Duperreault’s turnaround strategy. The change was one of the biggest positives in AIG’s third-quarter results, Wells Fargo & Co. analyst Elyse Greenspan said Wednesday in a note to clients.
U.S. stocks rose on Thursday, as robust earnings reports supported a third day of recovery from a bruising selloff in October, but a drop in Apple's shares ahead of results kept technology stocks under pressure. Chemicals producer DowDuPont Inc rose 6.6 percent after quarterly profit topped estimates and the company announced a $3 billion share buyback. NXP Semiconductors climbed 8.6 percent after the chipmaker topped profit and revenue estimates, while American International Group Inc gained 4.7 percent after the insurer posted a smaller-than-quarterly loss.
Investors need to pay close attention to American International Group (AIG) stock based on the movements in the options market lately.
Chemicals producer DowDuPont Inc rose 5.2 percent premarket after quarterly profit topped estimates and the company announced a $3 billion share buyback. NXP Semiconductors climbed 4.7 percent after the chipmaker topped profit and revenue estimates, while American International Group Inc gained 2.6 percent after the insurer posted a smaller-than-quarterly loss. October marked the worst month for the S&P 500 since September 2011 and the Nasdaq's biggest monthly fall since November 2008 as fears of rising borrowing costs, global trade disputes and a possible slowdown in U.S. corporate profits spooked equity investors.
Investing.com - AIG (NYSE:AIG) reported third quarter earnings that missed analyst's expectations on Wednesday and revenue that topped forecasts.
The insurer posted a net loss of $1.26 billion, or $1.41 per share, for the third quarter ended Sept. 30, compared with a loss of $1.74 billion, or $1.91 per share, a year earlier. AIG recorded net pretax catastrophe losses of $1.6 billion in the quarter, mainly related to typhoons in Japan and Hurricane Florence, that were largely in line with the insurer's preview of those losses in mid-October. AIG's revised estimates for California mudslides also contributed to its losses.