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American International Group, Inc. (AIG)

NYSE - Nasdaq Real-time price. Currency in USD
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60.01+0.75 (+1.27%)
At close: 4:00PM EDT
59.75 -0.26 (-0.43%)
After hours: 05:41PM EDT
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  • j
    josh
    10/12/21
    Barclays Raises Price American International Group, Inc. (AIG) $53.00 ➝ $59.00 Equal Weight
  • q
    queenie
    Anyone else think AIG can get to $60 by year end?
  • J
    James
    no one on this stock. no rara about 6b buyback no rara about the coming split or capital infusion. when it happens we go to book value. in the mean time they are eating up their tax losses and turning them into cash. at least 50% return by 1/1/23
  • p
    pikodog
    This ride is a lot longer than what I thought it would be when I bought a large amount of AIG stock prior to the reverse 1-20 split but I'm encouraged that I could actually turn a profit in another 12-24 months.
  • j
    josh
    10/8/21
    Piper Sandler Raises Price American International Group, Inc. (AIG) $59.00 -> $63.00
  • j
    josh
    9/23/21
    RBC Raises Price American International Group, Inc. (AIG) $60.00 -> $65.00
  • J
    John
    For those who didn't listen to the 9/9 fireside chat:
    - Didn't say anything about suspending buyback due to catastrophes, still 2 billion by year end and 6 billion total. Wells Fargo analyst suggested ins. companies may do so. Said liquidity and capital still very strong. He did however, make it sound like the numbers could be fairly sizable for cats, specifically called out German flooding and said not many people are talking about that but instead focusing on IDA.
    - My interpretation regarding his comments on reinsurance were we can drop the amount we cede if we need/want to. According to their 2020 Annual Report they ceded 11 billion of premium in 2020 and got back 8 billion in reinsurance payments. Perhaps I'm being simplistic but that looks like a 3 billion L to me so my vote is you drop the amount.
    - Sounded quite confident about the future.
  • R
    ROLAND
    American International Group, Inc. (NYSE: AIG) is one of the stocks Mario Gabelli is dumping.
  • b
    baechler
    Thanks to (http://trademarketview.tech) I have saved hours of research for stock picks. Their daily watchlists help me make the most of my trades each day!
  • J
    John
    Appear to be adding tremendous liquidity which should speed debt reduction(assuming debt is callable) and more importantly buybacks. Investment book in L & R was sold in July for 6.8 billion minimum(that was value of investments). Affordable housing will be sold in fourth quarter with 4 billion cash being sent to the parent. 2.2 billion dollars from Blackstone L & R 9.9% deal and then another 2 billion potential from the L & R IPO. Was hard to decipher but it appeared they were intimating on the call that the L & R IPO may go above another 9.9% which would mean more than 2 billion. That's almost 15 BILLION of liquidity excluding earnings. I've cited several times about how they are overcapitalized at both P&C and L&R so it makes sense they would sell investments for cash and then put that cash to work in some fashion.
    The value of P&C is now roughly 21 billion if you assume the Blackstone valuation of L & R at 22 billion is accurate. Where will they put the 15 BILLION to work? Could they do it all, except the 2 billion buyback in 21? That means 13 BILLION and that excludes earnings for the next two quarters with last quarter's earnings at 1.3 BILLION.
  • k
    kreider
    Learn how to keep your money safe from new tax increases by getting a copy of our FREE retirement guide now! (http://Irswarning.com)
  • B
    Billy
    Continuing to transform themsleves into a PC insurer with a focus on improved pricing. trading at a big discount to book relative to other PC insurers. This looks liek a great LT buy with a good dividend yield in the interim.
  • R
    Riley
    What???
    47.31 -7.30 (-13.37%)
    After hours: 06:09PM EDT
  • J
    John
    Net written premium is almost $650 million above earned premium for the June quarter. This quarter's earned premium was fairly close to last quarter's net written premium so hopefully that means next quarter's earned premium is up $650 million from this quarter where earnings were $1.3 billion or so. They shouldn't have to cash pay taxes for a little while yet AND they are BUYING BACK 2 BILLION OF STOCK prior to year end and then another 4 billion minimum next year.
    You could be looking at $9.00 in earnings next year if the company stayed combined. I think Yahoo is at $5 or so. How we are only up $1.00 after hours is mind boggling.
  • J
    James
    finally a great quarter. but will anyone see or hear. this could be a 70 or 80 dollar stock in a year or 2 if they perform like this. blackstone will help and the stock repurchase will definitely help. did you notice the last quarters buyback and the fact that share count actually went down. good luck to all if anyone is actually out there.
  • j
    josh
    8/9/21
    Piper Sandler Raises Price American International Group, Inc. (AIG) $57.00 -> $59.00
  • J
    James
    they keep trying to knock down this stock down but with the company buying 400000 shares a day and the upgrades 60 is in site.
  • J
    James
    just keep selling your shares back to the company after the funds the supply is going to get miniscule. we are going into the sixties within 2 months.
  • j
    josh
    American International Group Inc. (AIG) reported second-quarter net income of $99 million, after reporting a loss in the same period a year earlier.

    AIG said it had profit of 11 cents per share. Earnings, adjusted for non-recurring costs, were $1.52 per share.

    The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.

    The insurer posted revenue of $10.68 billion in the period. Its adjusted revenue was $11.99 billion.
  • j
    josh
    8/17/21
    Wolfe Research Initiated American International Group, Inc. (AIG) $63.00 Outperform