NYSE:AIG

75.34
0.93 (1.22%) 1d
0

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Markets mixed as energy and tech sell
DON'T BUY
AIG is famous for imploding during the Great Recession and remains a major player. Outside Canada, he avoids insurers. In Canada he likes Sun-Life and Manulife, because there's less competition. Elsewhere, it's more competitive, but earnings are more volatile.
insurance
HOLD
Stock is slowly turning around. Longer term, not a bad place to be. It has too many verticals. Doesn't see a major issue from coronavirus.
insurance
COMMENT

AIG-N vs. MET-N. AIG-N has been recapitalizing since the disaster of the financial crisis. MET-N did not suffer these issues. The life business is in pretty decent shape but he prefers Canadian lifecos.

insurance
PAST TOP PICK

(Past Top Pick, June 13, 2017, Down 12%) He sold his earnings last November to cut his losses. The reason was that AIG took massive writedowns after their new CEO took over. He didn't want to be in this turnaround plan.

insurance
DON'T BUY

The company is trading below book value. He does not see many companies who can combine P&C and Life business well. It has never really recovered from the financial crisis.

insurance
PAST TOP PICK

(A Top Pick Feb 6/17 Down 5%). He thinks insurance companies are having a tough go. They are not benefiting like other financial assets. He is disappointed with its performance.

insurance
HOLD

Fine at current levels and would stick with it. It's building a base around $59-60. Looks solid here.

insurance
PAST TOP PICK

(A Top Pick Jan 5/17. Down 5%.) Very disappointing. Still struggling and is at EBV-3. As interest rates go up, this should do better.

insurance
PAST TOP PICK

(A Top Pick Jan 4/17, Down 6%) He thought the street might recognize its value. He got his money back but decided he could do better elsewhere.

insurance
DON'T BUY

Had owned this until about a year ago, and then moved aside. Had some difficulties with management. Even against their peer group in the insurance space, this company is not operating that efficiently.

insurance
TOP PICK

Has a new CEO, a long-time industry veteran. The company is still having a tough time coming out of the financial crisis. Its focus in recent years has been cost cutting, working down debt, buying back stock, but it really hasn’t had much profitable growth. The new CEO is focused on profitable growth. This stock is so cheap, trading at .8X BV, where most of them are trading at 1.4X BV. There is no reason it can’t get it to that level. It is going to take time and could get ugly and messy, but he is willing to commit 3-5 years. If it happens, it will be a $100+ stock. Dividend yield of 2%. (Analysts’ price target is $70.50.)

insurance
PAST TOP PICK

(A Top Pick March 21/17. Up 3%.) Basically trades in line with the S&P 500. One of the top insurance names on the planet. Trading slightly below BV, while it normally is about 2X BV. There is an activist in there shaking things up. A conservative way to play financial services and to hedge your portfolio against higher interest rates.

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COMMENT

If you felt the need to pick one insurance company, this is not the one he would go with. There is a lot happening with this, and you should let the dust settle a little.

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TOP PICK

He is looking for market-leading companies that are in sectors out of favour, and either have very strong dividends or some sort of catalyst that will unlock value. Mr. Icahn has taken a position and he knows value, will perhaps break it apart with the sum of the parts being worth more than the whole. (Analysts’ price target is $70.)

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WAIT

They had a messy quarter in terms of write downs. There may be more coming so he would wait a quarter or two to see them clean up their book a little bit.

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American International Group(AIG-N) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for American International Group is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

American International Group(AIG-N) Frequently Asked Questions

What is American International Group stock symbol?

American International Group is a American stock, trading under the symbol AIG-N on the New York Stock Exchange (AIG). It is usually referred to as NYSE:AIG or AIG-N

Is American International Group a buy or a sell?

In the last year, there was no coverage of American International Group published on Stockchase.

Is American International Group a good investment or a top pick?

American International Group was recommended as a Top Pick by on . Read the latest stock experts ratings for American International Group.

Why is American International Group stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is American International Group worth watching?

0 stock analysts on Stockchase covered American International Group In the last year. It is a trending stock that is worth watching.

What is American International Group stock price?

On 2024-03-18, American International Group (AIG-N) stock closed at a price of $75.34.