American International Group Stock Falls On Unusually High Volume (AIG)

NEW YORK ( TheStreet) -- American International Group (NYSE: AIG) is trading at unusually high volume Thursday with 24.3 million shares changing hands. It is currently at 4.5 times its average daily volume and trading down 98 cents (-3.3%) at $28.46 as of 10 a.m. ET.

American International Group has a market cap of $48.09 billion and is part of the financial sector and insurance industry. Shares are up 26.9% year to date as of the close of trading on Wednesday.

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. The company has a P/E ratio of 3.4, above the average insurance industry P/E ratio of 1.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates American International Group as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, attractive valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full American International Group Ratings Report.

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