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

down 19.34 %

American International Group, Inc. (AIG) downgraded to Equal-weight by Lehman Brothers

Posted on: Tuesday,  Feb 12, 2008  8:25 AM ET by Lehman Brothers

Lehman Brothers rated Equal-weight American International Group, Inc. (NYSE: AIG) on 02/12/2008. Previously Lehman Brothers rated Buy American International Group, Inc. (NYSE: AIG)
on 11/08/2007., when the stock price was $1119.60. Since then, American International Group, Inc. has lost 19.35% as of 02/12/2008's recent price of $903.00.
If you would have followed the previous Lehman Brothers's recommendation on AIG, you would have lost 19.34% of your investment in 96 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.

Lehman Brothers Holdings Inc. has filed for bankruptcy protection in the U.S.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/12/2008 8:25 AM Hold
as of 12/24/2008
1 Week down  -9.87 %
1 Month up  5.03 %
3 Months up  6.56 %
1 YTD down  -96.68 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/8/2007 11:25 AM Buy
1,119.60 1,420.00

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