Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) 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 71 cents (2.1%) to $34.47 on average volume. Throughout the day, 10.6 million shares of American International Group exchanged hands as compared to its average daily volume of 12.7 million shares. The stock ranged in a price between $33.40-$34.56 after having opened the day at $33.51 as compared to the previous trading day's close of $33.76. Other companies within the Insurance industry that increased today were:
), up 3.7%,
), up 3.4%,
), up 3.2%, and
), up 3%.
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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 $56.19 billion and is part of the
sector. The company has a P/E ratio of 2.9, above the average insurance industry P/E ratio of 2.7 and below the S&P 500 P/E ratio of 17.7. Shares are up 44.6% year to date as of the close of trading on Thursday. Currently there are eight analysts that rate American International Group a buy, no analysts rate it a sell, and nine 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 solid stock price performance, compelling growth in net income and notable return on equity. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and feeble growth in the company's earnings per share.
- You can view the full American International Group Ratings Report.
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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.