|Bid||42.10 x 1400|
|Ask||0.00 x 2200|
|Day's Range||40.54 - 42.35|
|52 Week Range||36.16 - 61.36|
|Beta (3Y Monthly)||1.37|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 13, 2019 - May 17, 2019|
|Forward Dividend & Yield||1.28 (2.90%)|
|1y Target Est||50.00|
The guru established a new position in American International Group Inc. (AIG), buying 7,397,530 shares, impacting the portfolio by 1.71%. Warning! GuruFocus has detected 3 Warning Sign with AIG. The insurance company has a market cap of $38.77 billion and an enterprise value of $62.36 billion.
The S&P 500 and the Dow slipped while the Nasdaq posted a slim gain on Thursday as investors struggled to square grim retail sales data with hopes that high-level talks in Beijing could resolve the ongoing U.S.-China trade dispute. Paring earlier losses, the S&P 500 held above its 200-day moving average, a key technical level, for the third straight session.
Stocks that moved substantially or traded heavily on Thursday: MGM Resorts International, down $1.86 to $27.37 The casino operator beat Wall Street forecasts, but CEO Jim Murren raised concerns over a ...
Wall Street struggled to reverse early losses on Thursday as an unexpected drop in retail sales dampened investor hopes for progress at the ongoing U.S.-China trade talks in Beijing. The S&P 500 eked out a small gain and held above its 200-day moving average, a key technical level.
Bloomin' Brands BLMN — Shares of the hospitality company jumped 8.95 percent on stronger-than-expected quarterly results. Avon Products AVP — The cosmetics maker's stock dropped 11 percent after Avon reported mixed results for the fourth quarter. MGM Resorts MGM — Shares of MGM fell 6.36 percent after the casino and resort operator reported a diluted loss per share of 6 cents in the current quarter compared to diluted earnings per share of $2.39 in the prior year quarter.
The company's insurance unit reported an underwriting loss of $1.1 billion, compared to a loss of $848 million a year ago, due mainly to losses associated with Hurricane Michael and the California wildfires. While many issues and challenges were uncovered, we moved quickly to reduce risk and volatility, as well as implement strategies that we believe will accelerate our progress in 2019," said CEO Brian Duperreault. For the year, the company narrowed its reported loss to $6 million, or 1 cent a share, though revenue fell 7.1% year over year.
Here are some of the companies with shares expected to trade actively in Thursday’s session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.
AIG's results were negatively impacted by performance in both equity and credit markets, catastrophe losses, as well as modest net unfavorable prior-year loss reserve.
For the quarter, net investment income slid nearly 20% and caused much of the damage as the New York-based company reported a net loss of $622 million. Net investment income fell to $2.8 billion from $3.5 billion. The insurer, which has struggled to improve its operating results since paying off one of the biggest federal bailouts of the 2008 financial crisis, said it made progress on an important front.
On a per-share basis, the New York-based company said it had a loss of 70 cents. Losses, adjusted for non-recurring costs, came to 63 cents per share. The results did not meet Wall Street expectations. ...
All three major U.S. stock indexes gained ground, with the S&P 500 and the Nasdaq posting their fourth consecutive advances. For the second straight day, the S&P 500 closed above its 200-day moving average, a key technical level.
The company's general insurance unit reported an underwriting loss of $1.1 billion, compared with a loss of $846 million a year ago, largely due to Hurricane Michael and the California wildfires. The accident year ratio is a measurement that AIG Chief Executive Brian Duperreault has cited as the best gauge of the unit's long-term profitability. The number excludes catastrophe claims and reserve charges.
American International Group Inc posted a fourth-quarter adjusted loss on Wednesday, as the insurer's net investment income fell 18 percent due to volatility in the financial markets. The company posted ...
American International Group, Inc. (AIG) today announced that its Board of Directors declared a quarterly dividend of $0.32 per share on AIG Common Stock, par value $2.50 per share. This dividend will result in an adjustment to the exercise price of the outstanding Warrants (CUSIP number 026874156) and an adjustment to the number of shares of AIG Common Stock receivable upon Warrant exercise. Once the adjustments are determined, AIG will announce the actual adjustment to the Warrant exercise price and shares receivable.
NEW YORK-- -- Net loss of $622 million, or $0.70 per share, for the fourth quarter of 2018, compared to net loss of $6.7 billion, or $7.33 per share, in the prior-year quarter. Adjusted after-tax loss of $559 million, or $0.63 per share, for the fourth quarter of 2018, compared to adjusted after-tax income of $526 million, or $0.57 per diluted share, in the prior-year quarter. Total net investment ...
AIG's chief executive officer, Brian Duperreault, who took charge of the firm in May 2017, has pledged to turn the company around. In December, Duperreault said that AIG expected to enter 2019 "with a slight underwriting profit" in its general insurance unit. Investors are watching for signs that AIG will make good on that prediction.
fourth-quarter profits far below Wall Street expectations — even as the underlying performance of the general insurance business showed some improvement. The main culprit was the high capital market volatility in at the end of 2018: investment income for the fourth quarter was $2.8bn, compared to $3.5bn in the year-ago period. The company singled out losses in equity portfolios and alternative investments such as hedge funds.
Warning! GuruFocus has detected 4 Warning Signs with UTX. The guru added 13.67% to his JetBlue Airways Corp. (JBLU) stake, impacting the portfolio by 0.68%. The trade had an impact of 0.68% on the portfolio.
Despite the S&P 500's massive rally this year, fund manager Steve Romick warns that soaring levels of sovereign and corporate debt to new highs could inflict major turmoil on the stock market. Romick has good cause to be worried. As head of the $17 billion FPA Crescent fund (FPACX), he is 70% invested in stocks. To protect against a stock meltdown, Romick is buying equities with a five to seven-year investment horizon, which he argues will outperform, including American International Group (AIG), Jefferies Financial Group (JEF), Charter Communications (CHTR) and Comcast Corp. (CMCSA), per a lengthy interview he gave to Barron’s.
American International's (AIG) Q4 earnings are likely to be hit by catastrophe loss, partly offset by revenue gains in General and Life insurance.
AIG Life & Retirement, an industry leader in helping people achieve financial and retirement security, today announced that its Individual Retirement business has received multiple customer service awards for annuity excellence from DALBAR, an expert in the financial community for evaluating, auditing and rating business practices, customer performance, product quality and service. AIG’s Individual Retirement business is this year’s only recipient of the DALBAR Communications Seal of Excellence for superior annuity policyholder communications.