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

Rating:
Mkt Perform
AIG
up 7.16 %

American International Group, Inc. (AIG) downgraded to Mkt Perform with price target $38 by Friedman Billings

Posted on: Thursday,  Aug 7, 2008  8:25 AM ET by Friedman Billings

Friedman Billings rated Mkt Perform American International Group, Inc. (NYSE: AIG) on 08/07/2008. Previously Friedman Billings rated Outperform American International Group, Inc. (NYSE:
AIG) on 07/14/2008., when the stock price was $474.20. Since then, American International Group, Inc. has gained 7.17% as of 08/07/2008's recent price of $508.20.
If you would have followed the previous Friedman Billings's recommendation on AIG, you would have gained 7.16% of your investment in 24 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.

FBR Capital Markets is a full service investment banking, institutional sales, trading and research and asset management firm with a customer-focused and innovative approach to meeting its clients needs. It focuses its banking, advisory, trading and research efforts on seven broad industry sectors including consumer, diversified industrials, energy & natural resources, financial institutions, insurance, real estate and technology, media & telecom. With our headquarters in the Washington, D.C. metropolitan area, our Economic and Washington Policy Analysis groups offer clients a comprehensive overview of national economic trends along with a unique perspective on the impact that legislation and regulation will have on industry sectors and individual companies
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/7/2008 8:25 AM Hold
None
508.20 760.00
as of 12/24/2008
1 Week down  -9.87 %
1 Month up  5.03 %
3 Months up  6.56 %
1 YTD down  -136.50 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/14/2008 8:25 AM Buy
None
474.20 1,060.00
11/9/2007 9:25 AM Buy
None
1,113.20 1,480.00

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