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

Rating:
Buy AIG
down 90.58 %

American International Group, Inc. (AIG) rated Buy with price target $42 by Citigroup

Posted on: Thursday,  Jun 19, 2008  8:25 AM ET by Citigroup

Citigroup rated Buy American International Group, Inc. (NYSE: AIG) on 06/19/2008, when the stock price was $649.20. Since
then, American International Group, Inc. has lost 90.59% as of 01/27/2016's recent price of $61.11.
If you would have followed this Citigroup's recommendation on AIG, you would have lost 90.58% of your investment in 2778 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.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/19/2008 8:25 AM Buy
None
649.20 840.00
as of 12/24/2008
1 Week down  -9.87 %
1 Month up  5.03 %
3 Months up  6.56 %
1 YTD down  -95.50 %

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