|Bid||30.57 x 800|
|Ask||30.56 x 800|
|Day's range||29.76 - 30.70|
|52-week range||16.07 - 58.66|
|Beta (5Y monthly)||1.39|
|PE ratio (TTM)||6.18|
|Earnings date||05 Aug 2020 - 10 Aug 2020|
|Forward dividend & yield||1.28 (4.26%)|
|Ex-dividend date||12 Jun 2020|
|1y target est||38.38|
American International Group, Inc. (NYSE: AIG) today updated the timing for a virtual fireside chat with Mark Lyons, Executive Vice President and Chief Financial Officer, taking place at the Deutsche Bank Global Financial Services Conference on Wednesday, May 27, 2020. The fireside chat will now take place at 7:45 a.m. ET instead of 10:45 a.m. ET.
AIG Life & Retirement, a division of American International Group, Inc. (NYSE: AIG) and a leading provider of annuities, today announced the launch of the new Legg Mason Quality Dividend Index. This index has been developed exclusively for The Power Series of Index Annuities®, which is issued by AIG member company American General Life Insurance Company and will be distributed primarily through independent broker-dealers, banks and other financial institutions.
American International Group, Inc. (NYSE: AIG) today announced its virtual participation in the following upcoming financial conferences:
Shareholders of American International Group, Inc. (NYSE:AIG) yesterday elected twelve directors at the company's Annual Meeting of Shareholders. Shareholders also voted to support each of the four other proposals recommended by the AIG Board of Directors (the "Board") and, as the Board recommended, shareholders withheld support for the shareholder proposal included in the 2020 Proxy Statement.
Investors offered relatively weak support for AIG's pay proposals in the prior two years during the era of Chief Executive Officer Brian Duperreault, who joined the U.S. insurer in May, 2017 with a lucrative package and has argued that paying top dollar is the only way to recruit and retain top talent. Two influential proxy advisory firms, which scrutinize proposals and suggest how shareholders should vote, offered cautious approval of AIG's executive pay this year, saying the board engaged with a significant portion of investors and made enough changes to warrant a "yes" vote. AIG made "meaningful improvements," but its compensation remains a "high concern" because of a misalignment between performance and pay.
AIG Life & Retirement, a division of American International Group, Inc. (NYSE: AIG) and a leading provider of annuities, today announced a new relationship with Annexus, an innovator in delivering retirement solutions to the marketplace. The relationship is part of AIG’s continuing strategy to expand its distribution network and further diversify a broad lineup of retirement income solutions.
American International Group, Inc. (NYSE: AIG) today announced that David McElroy, President and CEO of North America General Insurance, will participate in a fireside chat at the UBS Virtual Insurance Conference on Thursday, May 14, 2020 at 4:00 p.m. ET.
AIG's Q1 earnings performance takes a hit from weather events, COVID-19-related loss and revenue erosion, partly offset by the cushion of share repurchases.
Insurance and financial giant American International Group (NYSE: AIG) was hit with major catastrophe losses in the first quarter, mainly as a result of the COVID-19 pandemic, which cut into its adjusted earnings. The insurer set aside $419 million for catastrophe losses in the quarter with $272 million of that estimated to be for losses related to COVID-19. Net income in the quarter was $1.7 billion, or $1.98 per diluted common share, up from $654 million, or $0.75 per diluted common share, in the prior year's quarter.
American International Group (AIG) delivered earnings and revenue surprises of -86.75% and -5.63%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
American International Group, Inc. (NYSE: AIG) today reported net income attributable to AIG common shareholders of $1.7 billion, or $1.98 per diluted common share, for the first quarter of 2020, compared to $654 million, or $0.75 per diluted common share, in the prior year quarter. The improvement was primarily due to $3.5 billion of pre-tax net realized capital gains largely related to mark-to-market gains from variable annuity and interest rate hedges and the impact of our non-economic non-performance risk adjustment, per GAAP, on the fair value of our liabilities compared to $446 million of pre-tax net realized capital losses in the prior year quarter.
American International Group, Inc. (NYSE: AIG) today announced that its Board of Directors declared a quarterly cash dividend of $0.32 per share on AIG Common Stock, par value $2.50 per share. The dividend is payable on June 29, 2020 to stockholders of record at the close of business on June 15, 2020.
American International Group, Inc. (NYSE: AIG) today announced the launch of Lloyd’s Syndicate 2019. This landmark Syndicate, the largest ever to be launched through Lloyd’s, will exclusively reinsure risks from AIG’s Private Client Group (PCG). PCG is an industry-recognized brand with a leading market position in the High Net Worth segment.
AIG Q1 earnings results are likely to reflect higher premiums, benefit of share buyback, cost-saving measures and minimal catastrophe loss.
American International (AIG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Berkshire Hathaway's (BRK.B) first-quarter results are likely to reflect strong premiums and improved performance of its non-insurance businesses.
American International Group (AIG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Cincinnati's (CINF) first-quarter 2020 results are likely to reflect higher premiums and efficient pricing decisions across its business lines.
American International Group, Inc. (NYSE: AIG) will report financial results for the first quarter ended March 31, 2020 after the market closes on Monday, May 4, 2020. AIG’s press release and financial supplement will be available in the Investors section of AIG’s website at https://www.aig.com.
MetLife's (MET) exposure to life insurance business weighs on the stock as macro-economic volatility is likely to mar its earnings and capital level.