|Bid||45.33 x 1000|
|Ask||46.90 x 800|
|Day's Range||44.98 - 47.55|
|52 Week Range||16.07 - 48.00|
|Beta (5Y Monthly)||1.38|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 03, 2021 - May 07, 2021|
|Forward Dividend & Yield||1.28 (2.72%)|
|Ex-Dividend Date||Mar 15, 2021|
|1y Target Est||46.07|
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of American International Group UK LimitedGlobal Credit Research - 04 Mar 2021London, 04 March 2021 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of American International Group UK Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 25 February 2021 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. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.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.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 2009, the U.S. government committed another $30 billion to bail out American International Group Inc (NYSE: AIG). Where The Market Was: The S&P 500 was trading at 700.8 and the Dow closed the day at 6763.29. What Else Was Going On In The World? In 2009, Barack Obama became the first African American president in U.S. history and controversial pop music legend Michael Jackson died at the age of 50. The average U.S. income was $39,423. Another Financial Crisis Bailout: March 2009 was the darkest time of the financial crisis. Americans looked on helplessly as big banks like Bear Stearns and Lehman Brothers collapsed and other big banks and institutions, such as AIG, appeared to only be surviving thanks to taxpayer support. On March 2, 2009, the government gave AIG a $30 billion lifeline prior to AIG’s fourth-quarter 2008 earnings report in which it was expected to report a staggering $60 billion loss. The government ended up providing a total of $62.5 billion to AIG to get it through the crisis. AIG's losses came after the downturn in the U.S. housing market triggered defaults on thousands of mortgages that were contained in collateralized debt obligations that AIG had insured. Unfortunately, AIG was unable to cover the losses on these CDOs, leaving the company on the hook for billions of dollars in payouts. It was touch and go for a while in 2009, but all’s well that ends well. AIG eventually paid back every cent of its bailout money, and U.S. taxpayers ultimately made a $5 billion profit off of the deal. Photo from Wikimedia. See more from BenzingaClick here for options trades from BenzingaHere's How Much Investing ,000 In Target Stock 5 Years Ago Would Be Worth Today6 Catalysts Bank Stock Investors Should Watch In 2021© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
American International Group, Inc. (NYSE: AIG) today announced that its Board of Directors has elected James Cole, Jr., as a Director of the company, effective March 15, 2021. Mr. Cole, 52, is Chairman and Chief Executive Officer of The Jasco Group, a New York City-based multidimensional investment management firm.