American International Group Stock Hits New 52-Week High (AIG)

NEW YORK ( TheStreet) -- American International Group (NYSE: AIG) hit a new 52-week high Friday as it is currently trading at $46.48, above its previous 52-week high of $46.46 with 3.7 million shares traded as of 10:51 a.m. ET. Average volume has been 17.2 million shares over the past 30 days.

American International Group has a market cap of $67.5 billion and is part of the financial sector and insurance industry. Shares are up 29.5% year to date as of the close of trading on Thursday.

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.

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TheStreet Ratings rates American International Group as a hold. 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.

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