AIG provides insurance products and services in the U.S. and internationally. The company operates in three segments: Chartis, SunAmerica Financial Group, and Aircraft Leasing. AIG trades an average of 24 million shares per day with a marketcap of $60 billion.
52 Week Range: $19.96 to $37.67
Book Value: $60.58Price To Book: 0.6 AIG will report third-quarter earnings after the market closes on Nov. 1. The consensus estimate is currently 86 cents a share, up from a loss of $1.60 a year earlier. Analysts expectations range from 58 cents per share to $1.09 per share. The last time AIG missed estimates was the year-ago period; otherwise, the last three quarters have crushed the estimates. In the last quarter's report, AIG made the estimates look silly, beating the mean estimate by more than 80%. TheStreet's Doug Kass writes about AIG in The Long Way. Analyst opinion is mixed with this company. Most of the analysts surveyed don't believe a buy or a sell is currently warranted. Today, AIG has 11 buy recommendations out of 22 analysts covering the company, 11 holds, and no analysts recommend selling. The stock appreciated 38% in the last year, and the average analyst target price for AIG is $39.16. The 60-day moving average is above the 200-day moving average, which is a classic bull trend. The moving averages are moving higher, and shareholders are happy. Trend followers love this pattern and will hold a position until a technical break results in a signal to exit. Unless of course you have owned AIG since 2007, and then no amount of bullish trends is going to help. The last reported short interest is paltry and without reason to consider it a meaningful influence at only 1.4% of the average trading float. AIG Revenue Quarterly data by YCharts
At the time of publication the author held no positions in any of the stocks mentioned. Follow @RobertWeinstein This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV