American International Group, I with ticker code (AIG) have now 14 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 75 and 50 and has a mean target at 65. Given that the stocks previous close was at 56.42 this now indicates there is a potential upside of 15.2%. The 50 day MA is 56.8 and the 200 day MA is 53.58. The company has a market capitalisation of $47,294m. Company Website: https://www.aig.com
The potential market cap would be $54,486m based on the market concensus.
American International Group provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company’s General Insurance segment offers general liability, environmental, commercial automobile liability, workers’ compensation, casualty, and crisis management insurance products; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, crop, and marine insurance. It also provides professional liability insurance products for a range of businesses and risks, including directors and officers, mergers and acquisitions, fidelity, employment practices, fiduciary liability, cyber risk, kidnap and ransom, and errors and omissions insurance. In addition, this segment offers personal auto and property insurance, voluntary and sponsor-paid personal accident, and supplemental health products; extended warranty insurance products; and travel insurance products. Its Life and Retirement segment offers variable annuities, fixed index and fixed annuities, and retail mutual funds; group mutual funds, group and individual annuities, and investment products, and financial planning and advisory services; plan administrative and compliance services; and term life and universal life insurance. It also provides stable value wrap products, and structured settlement and pension risk transfer annuities; and corporate- and bank-owned life insurance and guaranteed investment contracts. This segment sells its products through independent marketing organizations, independent insurance agents, financial advisors, direct marketing, banks, and broker-dealers. American International Group was founded in 1919 and is based in New York, New York.
