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) pushed the Insurance industry higher today making it today's featured insurance winner. The industry as a whole closed the day up 0.8%. By the end of trading, American International Group rose $0.58 (1.2%) to $49.30 on average volume. Throughout the day, 8,501,968 shares of American International Group exchanged hands as compared to its average daily volume of 9,734,300 shares. The stock ranged in a price between $48.46-$49.36 after having opened the day at $48.70 as compared to the previous trading day's close of $48.72. Other companies within the Insurance industry that increased today were:
), up 11.6%,
), up 4.5%,
), up 3.6% and
), up 2.9%.
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American International Group, Inc. provides insurance products and services for the commercial, institutional, and individual customers in the United States and internationally. The company operates in two segments: AIG Property Casualty, and AIG Life and Retirement. American International Group has a market cap of $71.8 billion and is part of the financial sector. Shares are down 4.0% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate American International Group a buy, no analysts rate it a sell, and 9 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, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that revenues have generally been declining.
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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
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