American International
About: American International Group is one of the largest insurance and financial services firms in the world and has a global footprint. It operates through a wide range of subsidiaries that provide property, casualty, and life insurance. The company recently spun off its life insurance operations (Corebridge), but still retains a majority stake.
Employees: 25,200
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 9 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
7% less repeat investments, than reductions
Existing positions increased: 359 | Existing positions reduced: 384
2% less funds holding
Funds holding: 1,031 [Q2] → 1,007 (-24) [Q3]
3.55% less ownership
Funds ownership: 90.67% [Q2] → 87.13% (-3.55%) [Q3]
8% less capital invested
Capital invested by funds: $44.6B [Q2] → $41.1B (-$3.51B) [Q3]
18% less call options, than puts
Call options by funds: $657M | Put options by funds: $802M
20% less first-time investments, than exits
New positions opened: 94 | Existing positions closed: 118
21% less funds holding in top 10
Funds holding in top 10: 19 [Q2] → 15 (-4) [Q3]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$76
5%
upside
Avg. target
$85
17%
upside
High target
$89
22%
upside
9 analyst ratings
5 positive
56%
4 neutral
44%
0 negative
0%
Keefe, Bruyette & Woods Meyer Shields 61% 1-year accuracy 54 / 88 met price target | 20%upside $87 | Outperform Maintained | 12 Nov 2024 |
RBC Capital Scott Heleniak 76% 1-year accuracy 41 / 54 met price target | 20%upside $87 | Outperform Reiterated | 6 Nov 2024 |
Wells Fargo Elyse Greenspan 57% 1-year accuracy 52 / 91 met price target | 5%upside $76 | Equal-Weight Maintained | 6 Nov 2024 |
UBS Brian Meredith 74% 1-year accuracy 29 / 39 met price target | 21%upside $88 | Buy Maintained | 15 Oct 2024 |
BMO Capital Michael Zaremski 64% 1-year accuracy 16 / 25 met price target | 16%upside $84 | Market Perform Downgraded | 15 Oct 2024 |
Financial journalist opinion
Based on 9 articles about AIG published over the past 30 days
Positive
Seeking Alpha
4 days ago
If I Could Only Buy 2 High Dividend Yield Companies In December 2024: Both Yield Above 7%
I will demonstrate why I believe that Altria and BB Seguridade Participações S.A. could be attractive additions to your dividend portfolio. Both companies have an attractive Valuation, combine dividend income and dividend growth, and can help you decrease the volatility of your dividend portfolio. While Altria offers a Dividend Yield [FWD] of 7.30%, BB Seguridade Participações S.A.'s stands at 8.64%. Both companies have also shown significant dividend growth in recent years.
Neutral
Business Wire
1 week ago
AIG Leads Launch of Syndicate 2478 at Lloyd's Through Multi-Year Blackstone Strategic Relationship
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that it has led the launch of a new reinsurance syndicate at Lloyd's. Syndicate 2478 will commence underwriting from January 1, 2025, and will be a multi-year participant on AIG's outwards reinsurance program. The syndicate, which will be managed by Talbot Underwriting Limited at Lloyd's, has approved stamp capacity of $715 million for the 2025 Year of Account. Syndicate 2478 will be supported by third-par.
Neutral
Business Wire
1 week ago
AIG Announces Results and Upsizing of Its Tender Offers for Certain Outstanding Notes
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced the results of its previously announced 12 separate offers (the “Offers”) to purchase for cash the notes of the series listed in the table below (collectively, the “Notes”) and that it has amended the Offers by increasing the applicable Maximum Purchase Consideration from $750 million to $1.16 billion. The Offers were made pursuant to AIG's Offer to Purchase, dated December 6, 2024 (the “Offer to Purchase”.
Neutral
Business Wire
1 week ago
AIG Announces Reference Yields and Total Consideration for its Tender Offers for Certain Outstanding Notes
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced the pricing terms for each series of the Notes included in its previously announced tender offers (the “Offers”) to purchase outstanding notes of the series listed in the table below (collectively, the “Notes”) for cash up to a maximum $750 million aggregate amount of Total Consideration (as defined below), excluding the Accrued Coupon Payment (as defined below). The Offers are being made pursuant to AIG's.
Neutral
Business Wire
1 week ago
AIG Closes Sale of 21.6% Ownership Stake of Corebridge to Nippon Life
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that is has successfully closed the previously announced sale of approximately 120 million shares of its Corebridge Financial, Inc. (“Corebridge”) common stock to Nippon Life Insurance Company for $31.47 per share, for an aggregate purchase price of $3.8 billion. Wachtell, Lipton, Rosen & Katz acted as legal counsel and J.P. Morgan Securities LLC acted as financial advisor for AIG. Forward Looking Stat.
Neutral
Business Wire
2 weeks ago
AIG Announces Cash Tender Offers for Certain Outstanding Notes
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that it has commenced 12 separate offers (each, an “Offer” and collectively, the “Offers”) to purchase outstanding notes of the series listed in the table below (collectively, the “Notes”) for cash up to a maximum $750 million aggregate amount of Total Consideration (as defined below), excluding the Accrued Coupon Payment (as defined below). The series of Notes that are purchased in the Offers will be base.
Positive
Zacks Investment Research
2 weeks ago
AIG Stock Rises 12.1% YTD: Should Investors Hold or Fold?
AIG's improving business mix, growing returns on investments and ongoing expense discipline position it well for long-term growth.
Neutral
Business Wire
2 weeks ago
AIG Closes Sale of its Global Personal Travel Insurance and Assistance Business including Travel Guard® to Zurich
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that it successfully closed the previously announced sale of its global individual personal travel insurance and assistance business, including Travel Guard, to Zurich Insurance Group on December 2, 2024. As disclosed upon the signing of the definitive agreement in June 2024, the sale excludes Japan, AIG's joint venture arrangement in India, and travel coverages offered through AIG's Group Accident & H.
Positive
Zacks Investment Research
3 weeks ago
5 Multiline Insurers to Watch as Exposure Rises, Pricing Moderates
Better pricing, product redesigns, technological advancement and improving inflation are expected to aid multiline insurers like AIG, PRU, HIG, RDN and CNO.
Neutral
Business Wire
1 month ago
AIG Appoints Christopher Schaper Chief Risk Officer
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that Christopher Schaper has been appointed Chief Risk Officer of AIG, effective immediately. Mr. Schaper will continue to report to Peter Zaffino, AIG Chairman & Chief Executive Officer and will continue to serve on AIG's Executive Leadership Team. Mr. Schaper has held the role of Chief Risk Officer on an interim basis since September 2024, while also serving as AIG's Global Chief Underwriting Officer.
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