NEW YORK (TheStreet) -- American International Group (AIG) rose 2.43% to $50.17, up $1.19 from its previous close of $48.98, at the close of the trading day on Tuesday as the insurance company rebounded from its dip on Friday.
The stock hit a high of $50.43 and a low of $49 for the day, Tuesday. It holds a one-year high of $53.33 and a one-year low of $36.68. The stock had a volume of 13,529,710, above its average of 9,322,020.
AIG reported Thursday that it had turned a profit in the fourth quarter, announced a plan to raise its dividend and said it would buy back more of its own shares, but the stock still fell Friday.
TheStreet Ratings team rates AMERICAN INTERNATIONAL GROUP as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate AMERICAN INTERNATIONAL GROUP (AIG) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. 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."
Highlights from the analysis by TheStreet Ratings Team goes as follows: