American International Group (AIG) : Traders are bullish on American International Group (AIG) as it has outperformed the S&P 500 by a wide margin of 7.35% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.05%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.02% in the last 1 week, and is up 7.76% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
American International Group, Inc. is up 3.9% in the last 3-month period. Year-to-Date the stock performance stands at -3.89%. The stock has recorded a 20-day Moving Average of 2.97% and the 50-Day Moving Average is 7.38%.
American International Group (NYSE:AIG): The stock opened at $58.80 on Friday but the bulls could not build on the opening and the stock topped out at $58.98 for the day. The stock traded down to $58.45 during the day, due to lack of any buying support eventually closed down at $58.86 with a loss of -0.20% for the day. The stock had closed at $58.98 on the previous day. The total traded volume was 3,882,836 shares.
Also, Deutsche Bank maintains its rating on American International Group (NYSE:AIG). The global brokerage major raises the current price target from $59 per share to $61 per share. Analysts at the Deutsche Bank have a current rating of Hold on the shares. The rating by the firm was issued on August 11, 2016.
American International Group, Inc. (AIG) is an insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services. Its various offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. The Companys AIG Global Benefits Network provides administrative and marketing services to insurance companies offering benefit solutions to multinational employers. AIG Global Benefits Network can develop global benefit plan solutions for multinational clients by tapping the coverage options offered by carriers throughout the network. AIG operates through two segments: Commercial Insurance and Consumer Insurance. Commercial Insurance is a provider of insurance products and services for commercial and institutional customers.