Company Update – American International Group (NYSE:AIG) – AIG Obtains $400 Million of One-Year and Three-Year Indemnity Reinsurance Coverage for Diversified Commercial and Consumer Property Portfolios

American International Group (NYSE:AIG) [at noodls] – Fully Collateralized through Catastrophe Bond Issuance by Tradewynd Re Ltd. NEW YORK–(BUSINESS WIRE)–Dec. 19, 2013– American International Group (AIG) today announced that it has entered into multiple …
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American International Group, Inc. (AIG), with a current value of $74.15B, started trading this morning at $50.00.
 
Looking at the stock, its one day range is $49.86 to $50.62 and has traded between $34.34 and $53.33 over the past year.
 
AIG (AIG) shares are currently priced at 11.53x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.90x earnings multiple for the same period.
 
The company pays shareholders $0.40 per share in dividend income per year, for a current yield of 0.80%.
 
According to a consensus of 23 analysts, the earnings estimate of $0.93 per share would be $0.73 better than the year-ago quarter and a $0.01 sequential increase. The full-year EPS estimate is $4.36, which would be a $0.43 better than last year.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $8.56 Billion. If reported, that would be a 0.58% decrease over the year-ago quarter.
 
Recently, Standpoint Research Initiated AIG at Buy (Jun 28, 2013). Previously, Barclays upgraded AIG from Equal Weight to Overweight.
 
With the above information in mind, readers should note that the average price target is $54.89, which is 9.78% above where the stock opened this morning.
 
American International Group, Inc. (NYSE:AIG), provides insurance products and services for the commercial, institutional and individual customers in the United States and internationally. The company operates in two segments: AIG Property Casualty and AIG Life and Retirement.
 
Tag Helper ~ Stock Code: AIG | Common Company name: AIG | Full Company name: American International Group (NYSE:AIG) .


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