|Bid||47.93 x 800|
|Ask||47.94 x 900|
|Day's range||47.83 - 48.74|
|52-week range||41.11 - 58.66|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||12.55|
|Earnings date||03 May 2020 - 07 May 2020|
|Forward dividend & yield||1.28 (2.64%)|
|Ex-dividend date||12 Mar 2020|
|1y target est||58.56|
Technology shares led all three major U.S. stock averages lower, with the blue-chip Dow suffering the largest percentage loss. Hopes that the coronavirus epidemic could be on the wane were soured by a spike in fatalities, with an additional 242 bringing China's coronavirus death toll to 1,367. "On a day like today investors just have to take it in stride," said Charlie Ripley, senior market strategist for Allianz Investment Management in Minneapolis.
American International Group, Inc. (NYSE: AIG) today announced that it will redeem all of its outstanding 4.35% Callable Notes Due 2045 (ISIN No. XS1201950851) (the "Notes") on March 20, 2020 (the "Redemption Date"). On the Redemption Date, AIG will pay to the registered holders of the Notes a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but not including, the Redemption Date. As of February 13, 2020, $350,000,000 aggregate principal amount of the Notes were outstanding.
The S&P 500 reversed its losses on Thursday as investors weighed mixed news on the coronavirus and a spate of corporate earnings. While a drop in Cisco Systems Inc shares helped keep the blue-chip Dow in the red, the S&P 500 and the Nasdaq rebounded and were both on track to eke out their fourth consecutive record closing highs.
AIG, one of the largest insurers in the United States, posted an underwriting income of $12 million in its general insurance business for the quarter, compared with a loss of $1.07 billion, a year earlier. Net pre-tax catastrophe loss at the general insurance unit narrowed to $411 million from $826 million, a year earlier. Chief Executive Officer Brian Duperreault, who joined the insurer in 2017, has been overhauling the underwriting culture at AIG's general insurance business through initiatives including raising rates and shedding unprofitable lines.
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 March 30, 2020 to stockholders of record at the close of business on March 16, 2020.
American International Group, Inc. (NYSE: AIG) today reported net income attributable to AIG common shareholders of $922 million, or $1.03 per diluted common share, for the fourth quarter of 2019, compared to a net loss attributable to AIG common shareholders of $622 million, or $0.70 per common share, in the prior-year quarter. The improvement was primarily due to the favorable impact of General Insurance underwriting and reinsurance actions, favorable net prior year loss reserve development of $153 million (pre-tax) compared to unfavorable net prior year loss reserve development of $365 million (pre-tax) in the prior-year quarter, a reduction in pre-tax net catastrophe losses of $385 million compared to the prior-year quarter, and an increase of $833 million (pre-tax) in net investment income compared to the prior-year quarter. Adjusted after-tax income attributable to AIG common shareholders was $919 million, or $1.03 per diluted common share, for the fourth quarter of 2019, compared to an adjusted after-tax loss attributable to AIG common shareholders of $559 million, or $0.63 per common share, in the prior-year quarter. The improvement was primarily due to the favorable impact of General Insurance underwriting and reinsurance actions, lower catastrophe losses and an increase in net investment income compared to the prior-year quarter.
Peter Zaffino sat at 2 World Trade Center poring over financial reports on the morning of Sept. 11, 2001, when the first plane struck a neighboring building. Zaffino, known by colleagues for his laser-like focus, remained at his desk as staff began fleeing. It was not until a fire warden pleaded with Zaffino – who was then an executive at reinsurance brokerage Guy Carpenter – that he finally left, a person familiar with the situation said.
American International (AIG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
American International's (AIG) Q4 results are likely to reflect growth at its General Insurance and Life and Retirement segments partly offset by catastrophe losses.
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.
Hartford Financial's (HIG) fourth-quarter results are likely to reflect a solid performance by its Property & Casualty segment, partially offset by its Group Benefits segment.
American International Group, Inc. (NYSE: AIG) today announced that Peter Zaffino, AIG’s President and Global Chief Operating Officer, and Mark Lyons, AIG’s Chief Financial Officer, will participate in a fireside chat at the BofA Securities Insurance Conference on Thursday, February 13, 2020 at 12:35 p.m. ET in New York.
American International Group, Inc. (NYSE: AIG) will report financial results for the fourth quarter and full year ended December 31, 2019 before the market opens on Thursday, February 13, 2020 and host a conference call that day to review the results at 9:00 a.m. ET.