AIG Stock Surges 5% Amid Strong Financial Performance

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Oct 04, 2024
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American International Group (AIG, Financial) experienced a significant stock price increase of 5%. The shares are currently trading at $75.96, with a trading volume of 1.53178 million shares and a turnover rate of 0.24%. The stock's volatility stands at 4.29%.

Recent financial reports show AIG's revenue at $6.56 billion, with a net profit of $475 million and earnings per share of $1.07. The company's price-to-earnings ratio is notably -62.71. In terms of analyst ratings, out of 21 institutions, 67% recommend buying the stock, while 33% suggest holding, with no sell recommendations.

In the insurance sector, overall gains were 1.39%. Significant movers in the sector included Reliance Global Group Inc C/Wts 01/02/2026, Huize Holding, and Lincoln National, showing notable price increases. Meanwhile, active stocks with notable turnover rates included Reliance Global Group, Fanhua Inc, and NMI Holdings Inc. Stocks with significant volatility included Huize Holding, Abacus Life Inc C/Wts 30/06/2028, and Fanhua Inc.

American International Group is among the largest global insurance and financial services companies, operating through numerous subsidiaries offering property, casualty, and life insurance. Recently, AIG divested its life insurance business, Corebridge, while retaining a majority stake.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.