Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it …
The U.S. government cut its stake in American International Group Inc to about 21.5 percent on Monday, making a profit of $12.4 billion on the insurer's crisis-era bailout and bringing the unpopular rescue closer to its end. The Treasury …
Fact is that AIG is not the same company it once was. The company is leaner, more profitable and creates significant value for shareholders via stock buybacks and dividends. Before its most recent earnings beat, I said that AIG stock is …
AIG used to be the company (and stock) we all loved to hate. The insurer needed a massive taxpayer-funded bailout in 2008 to stay alive. And even with the government's help, many investors thought that AIG would never fully recover. But …
Billionaire investor Carl Icahn has a new target in his sights: American International Group, Inc. (NYSE:AIG). AIG stock is up 11.91%, but its history during the 2008 financial crisis is nearly as notorious as Carl Icahn himself. Between …
The fund owned 168,563 shares of the insurance provider's stock after buying an additional 44,170 shares during the period. Can's holdings in American International Group were worth $50,491,000 as of its most recent SEC filing. American
Duperreault will seek to improve return on equity and boost AIG’s stock price. Shares of the company have slumped ... and Alicia Ritcey Before it's here, it's on the Bloomberg Terminal.
Representatives for Icahn didn’t return calls seeking comment. Even so, only one of the analysts surveyed by Bloomberg advocated selling AIG stock, while 13 of 19 recommended buying. Wells Fargo & Co.’s Elyse Greenspan said Monday …
NEW YORK (CNNMoney.com) -- AIG's stock closed at $47.84 on Thursday. At the start of the month, shares were trading at a mere $13.14. What's going on here? AIG's stock has nearly quadrupled in August, but the company is no closer to …