QUOTE AND NEWS
Market Intelligence Center  May 13  Comment 
Closing out the day... Stocks were virtually unchanged Monday as the S&P 500 and Nasdaq managed to eke out gains while the Dow saw a small loss. Among the high-volume stocks today American International Group (AIG), Occidental Petroleum Corp (OXY)...
StreetInsider.com  May 13  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/Barclays+Upgrades+American+International+Group+%28AIG%29+to+Overweight/8329522.html for the full story.
Reuters  May 10  Comment 
Last month, New York Attorney General Eric Schneiderman withdrew claims for up to $6 billion in damages against former AIG chief Hank Greenberg. Now, another big case - against Bank of America over its acquisition of Merrill Lynch - looks headed...
Forbes  May 9  Comment 
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Dow Jones U.S. Financial Sector Index Fund (AMEX: IYF) where we have detected an approximate $57.3 million...
Market Intelligence Center  May 9  Comment 
American International Group Inc (NYSE: AIG) closed Wednesday's trading session at $44.35. In the past year, the stock has hit a 52-week low of $27.18 and 52-week high of $45.85. American International Group (AIG) stock has been showing support...




 

After its excessive risk-taking necessitated a dramatic bailout from the federal government, AIG is finally poised to be returned to common shareholders. Though still a major presence in property-casualty and life insurance, the new AIG will be a smaller insurance organization, having shed a good deal of its global growth potential. AIG has no economic moat, in our opinion, and the onetime insurance leader will have a difficult time returning to its former dominant position. AIG is still one of the largest insurance and financial services firms in the world, even after disposing of its Asian insurance subsidiaries. It operates through a wide range of subsidiaries that provide general insurance, life insurance, and other financial services. The government has started selling its shares in 2011, and ownership will eventually be returned to common equity shareholders.

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