American International Group Inc (AIG): Today's Featured Financial Winner - TheStreet

American International Group

(

AIG

) pushed the Financial sector higher today making it today's featured financial winner. The sector as a whole closed the day up 0.4%. By the end of trading, American International Group rose 17 cents (0.6%) to $30.80 on average volume. Throughout the day, 13.7 million shares of American International Group exchanged hands as compared to its average daily volume of 17.3 million shares. The stock ranged in a price between $30.37-$31.24 after having opened the day at $31.03 as compared to the previous trading day's close of $30.63. Other companies within the Financial sector that increased today were:

Plumas Bancorp

(

PLBC

), up 17.2%,

Royal Bancshares of Pennsylvania

(

RBPAA

), up 15.7%,

Southern Community Financial

(

SCMF

), up 14.2%, and

Magyar Bancorp

(

MGYR

), up 13.4%.

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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 $56.4 billion and is part of the

insurance

industry. The company has a P/E ratio of 2.7, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 32% year to date as of the close of trading on Monday. Currently there are eight analysts that rate American International Group a buy, no analysts rate it a sell, and eight rate it a hold.

TheStreet Ratings rates American International Group as a

hold

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including poor profit margins and feeble growth in the company's earnings per share.

On the negative front,

Penson Worldwide

(

PNSN

), down 14.8%,

Central Federal

(

CFBK

), down 13.5%,

Credit Suisse

(

DGAZ

), down 10.9%, and

Colony Bankcorp

(

CBAN

), down 9.1%, were all losers within the financial sector with

BB&T

(

BBT

) being today's financial sector loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider

Financial Select Sector SPDR

(

XLF

) while those bearish on the financial sector could consider

Proshares Short Financials

(

SEF

).

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