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American International Group, Inc. (AIG) [hlAlert]

Rating:
Buy AIG
up 82.41 %

American International Group, Inc. (AIG) upgraded to Buy with price target $40 by Argus

Posted on: Wednesday,  Dec 5, 2012  8:25 AM ET by Argus

Argus rated Buy American International Group, Inc. (NYSE: AIG) on 12/05/2012, when the stock price was $33.50. Since
then, American International Group, Inc. has gained 82.42% as of 01/27/2016's recent price of $61.11.
If you would have followed this Argus's recommendation on AIG, you would have gained 82.41% of your investment in 1148 days.

American International Group, Inc. (AIG) is a holding company which, through its subsidiaries, is engaged in a range of insurance and insurance-related activities in the United States and abroad. AIG?s primary activities include both General Insurance and Life Insurance & Retirement Services operations. Other significant activities include Financial Services and Asset Management. The Company operates in four segments: General Insurance, Life Insurance & Retirement Services, Financial Services and Asset Management. Through these operating segments, AIG provides insurance, financial and investment products and services to both businesses and individuals in more than 130 countries and jurisdictions. In December 2008, AIG?s United States life insurance companies sold its residential mortgage-backed securities portfolio to Maiden Lane II LLC. On April 1, 2009, AIG completed the sale of AIG Life of Canada to BMO Financial Group, and Hartford Steam Boiler to the Munich Re Group.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/5/2015 1:25 PM Buy
None
62.75 70.00
as of 12/31/2012
1 Week up  0.28 %
1 Month up  5.37 %
3 Months up  5.37 %
1 YTD up  5.37 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/25/2013 9:25 AM Buy
None
37.46 45.00
12/5/2012 8:25 AM Buy
None
33.50 40.00
10/6/2008 9:25 AM Hold
None
66.60

(*) Stock Price at the time of the recommendation.
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