American International Group | StockChase
147
American International Group (AIG-N)

Last Price Recorded: $60.9700 on 2018-01-15

ON STOCKCHASE SINCE Jan 2001

a holding company

insurance
147
American International Group (AIG-N)

Last Price Recorded: $60.9700 on 2018-01-15

ON STOCKCHASE SINCE Jan 2001

a holding company

insurance

American International Group


Signal Opinion Expert
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

(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
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc....

PricePrice
$60.970
Owned Owned
Yes

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

(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
David Baskin

President, Baskin Wealth Manage...

PricePrice
$60.400
Owned Owned
Yes

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

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
Gordon Reid

President, GoodReid Investment ...

PricePrice
$59.490
Owned Owned
No

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

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
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$64.230
Owned Owned
Yes

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.

insurance

(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.

insurance
David Dietze

Founder, Pres. & Chief Investment Strategist, Point View Wealth Ma...

PricePrice
$64.180
Owned Owned
Yes

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.

insurance

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.

insurance
Cameron Hurst

Chief Investment Officer, Equium Capital Manag...

PricePrice
$61.560
Owned Owned
Unknown

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.)

insurance

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.)

insurance
David Dietze

Founder, Pres. & Chief Investment Strategist, Point View Wealth Ma...

PricePrice
$61.760
Owned Owned
Yes

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.

insurance

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.

insurance
James Thorne

Sr Portfolio Manager & Chief Capital Markets Strat, Caldwell Investment ...

PricePrice
$64.000
Owned Owned
Unknown

DON'T BUY

They will benefit from higher interest rates.  They ran into difficulty during the financial crisis and had to restructure.  They are trying to grow their return on equity.  She keeps her insurance exposure in Canada.

insurance

They will benefit from higher interest rates.  They ran into difficulty during the financial crisis and had to restructure.  They are trying to grow their return on equity.  She keeps her insurance exposure in Canada.

insurance
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$62.500
Owned Owned
No

BUY

They reported this week and the stock went down 10%.  It went down because they had to take some provisions.  They are the big beneficiaries of rising interest rates.  This is his favourite of the group.

insurance

They reported this week and the stock went down 10%.  It went down because they had to take some provisions.  They are the big beneficiaries of rising interest rates.  This is his favourite of the group.

insurance
David Baskin

President, Baskin Wealth Manage...

PricePrice
$62.270
Owned Owned
Unknown

TOP PICK

Interest rates are going to up and financial repression is over.  His model price is $76.66, indicating an 18% upside.  (Analysts’ target: $72.29). 

insurance

Interest rates are going to up and financial repression is over.  His model price is $76.66, indicating an 18% upside.  (Analysts’ target: $72.29). 

insurance
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc....

PricePrice
$64.900
Owned Owned
Yes

COMMENT

Basically a financial services company. Historically the US financial service sector starts to get positive on a seasonal basis in the 3rd week in January. It usually goes higher until around the end of April. Currently, the stock has already gone above a key resistance level. The trend is on the upside already. You have all the requirements for an interesting seasonal trade right through until around the beginning of May.

insurance

Basically a financial services company. Historically the US financial service sector starts to get positive on a seasonal basis in the 3rd week in January. It usually goes higher until around the end of April. Currently, the stock has already gone above a key resistance level. The trend is on the upside already. You have all the requirements for an interesting seasonal trade right through until around the beginning of May.

insurance
Don Vialoux

Research Analyst, TimingTheMarket.CA &...

PricePrice
$66.540
Owned Owned
Unknown

TOP PICK

It has come out of the blue.  His model price is $76.31, or a 16% upside.  A lot of insurance models don’t work with negative interest rates.  Financial repression is being done away with.  (Analysts’ Target: $70.19%).

insurance

It has come out of the blue.  His model price is $76.31, or a 16% upside.  A lot of insurance models don’t work with negative interest rates.  Financial repression is being done away with.  (Analysts’ Target: $70.19%).

insurance
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc....

PricePrice
$65.600
Owned Owned
Yes

TOP PICK

Insurers benefit particularly when interest rates go up. Companies like this get billions of dollars in premiums, and they have to do something with those premiums until they have to make payouts. What they’ve typically done is buy bonds. If you are buying bonds at 2%, you are not making a lot of money. If those bonds go up to 3%, you are making 50% more. You can buy this one right now at 80% of BV. He also thinks the dividend is going to rise very sharply. Dividend yield of 1.94%. (Analysts’ price target is $69.18.)

insurance

Insurers benefit particularly when interest rates go up. Companies like this get billions of dollars in premiums, and they have to do something with those premiums until they have to make payouts. What they’ve typically done is buy bonds. If you are buying bonds at 2%, you are not making a lot of money. If those bonds go up to 3%, you are making 50% more. You can buy this one right now at 80% of BV. He also thinks the dividend is going to rise very sharply. Dividend yield of 1.94%. (Analysts’ price target is $69.18.)

insurance
David Baskin

President, Baskin Wealth Manage...

PricePrice
$65.970
Owned Owned
Yes

TOP PICK

You are getting the big insurance companies emerging. The market is communicating, through his model price, that it likes the balance sheet. This is the highest valuation it has been in 8 years. Dividend yield of 2%. (Analysts’ price target is $66.24.)

insurance

You are getting the big insurance companies emerging. The market is communicating, through his model price, that it likes the balance sheet. This is the highest valuation it has been in 8 years. Dividend yield of 2%. (Analysts’ price target is $66.24.)

insurance
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc....

PricePrice
$64.200
Owned Owned
Yes

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