American International Group Inc (AIG): Today's Featured Insurance Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Insurance industry higher today making it today's featured insurance winner. The industry as a whole closed the day up 0.4%. By the end of trading, American International Group rose $0.59 (1.3%) to $46.83 on light volume. Throughout the day, 10,295,928 shares of American International Group exchanged hands as compared to its average daily volume of 17,275,000 shares. The stock ranged in a price between $46.40-$47.05 after having opened the day at $46.72 as compared to the previous trading day's close of $46.24. Other companies within the Insurance industry that increased today were:
(
), up 6.7%,
(
), up 4.2%,
(
), up 3.4% and
(
), up 2.6%.
American International Group, Inc. engages in the provision of insurance products and services for the commercial, institutional, and individual customers in the United States and internationally. The company operates in three segments: Chartis, SunAmerica Financial Group, and Aircraft Leasing. American International Group has a market cap of $68.9 billion and is part of the financial sector. Shares are up 31.0% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate American International Group a buy, no analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates American International Group as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, poor profit margins and feeble growth in the company's earnings per share.
- You can view the full American International Group Ratings Report.
On the negative front,
(
), down 2.6%,
(
), down 2.0% and
American Independence Corporation
(
), down 1.6%.
- Use our insurance section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the insurance industry could consider
(
) while those bearish on the insurance industry could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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