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AIG

AIG to sell 20% stake in Corebridge Nippon Life for $3.8BlnAmerican International Group ( NYSE:AIG ) has announced plans to sell a 20% stake in Corebridge Financial to Japan's Nippon Life Insurance for $3.8 billion. The move is part of NYSE:AIG 's efforts to reduce its holdings in the life and retirement business, which it had listed as a separate company in 2022. NYSE:AIG will sell 120 million shares at an average price of $31.47 each, with the proceeds potentially used for stock buybacks. The insurer had a nearly 53% stake in Corebridge before the latest deal. AIG's CEO, Peter Zaffino, has committed to selling the remaining ownership in Corebridge, but the firm will maintain a 9.9% stake for two years after the deal closes. Corebridge shares surged 13% to a record high, while AIG's stock climbed 1.3%. The sale is expected to help Nippon Life boost its presence in the U.S. market, which is one of the largest life insurers in Japan and operates in Australia, India, Myanmar, China, Thailand, and Indonesia. Technical Outlook American International Group ( NYSE:AIG ) was up 1.3% on Thursday's Market trading. NYSE:AIG was up since March risen from a falling wedge. There is a lot of regression tight to the chart with the asset trading along the 50- Day Moving Average (MA).
NYSE:AIG
by DEXWireNews
AIG Soars Above Expectations: Surge on Underwriting Strength American International Group ( NYSE:AIG ) has once again proven its mettle, surpassing profit expectations in the first quarter fueled by robust performance across its general insurance and life and retirement divisions, coupled with reduced catastrophe losses. Underwriting Brilliance: AIG's stellar performance in the first quarter was underscored by a remarkable 19% surge in underwriting income within its general insurance arm, reaching $596 million. This feat was achieved despite the inclusion of $106 million in total catastrophe-related charges, a testament to the company's adept management of risk and volatility. Leadership Insight: Peter Zaffino, Chairman and CEO of AIG, expressed satisfaction with the results, highlighting the sustained profitability in the Commercial Lines segment and the minimal impact of catastrophe losses. Zaffino's strategic vision and prudent risk management have undoubtedly played a pivotal role in AIG's continued success amidst evolving market dynamics. Market Dynamics and Outlook: The broader insurance industry has been buoyed by growing optimism surrounding a potential soft landing, coupled with a resilient labor market driving increased demand for insurance products. AIG's ability to capitalize on these favorable market conditions underscores its adaptability and resilience in navigating complex economic landscapes. Surpassing Expectations: AIG's adjusted after-tax income attributable to common shareholders surged to $1.77 per share, outperforming analyst projections and reflecting a year-over-year improvement. This impressive feat underscores AIG's commitment to delivering value to its shareholders while maintaining operational excellence. Diversified Growth: Beyond its general insurance arm, AIG's life and retirement unit witnessed a commendable 7% increase in premiums, driven by robust sales in fixed index annuities and institutional markets. This diversification of revenue streams further solidifies AIG's position as a powerhouse in the insurance industry. Financial Strength and Stability: AIG's total consolidated net investment income surged by 11%, fueled by higher income from fixed maturity securities and loan portfolios. This strong financial performance reflects AIG's sound investment strategies and ability to capitalize on prevailing market conditions. Comparative Advantage: In contrast to some of its peers, such as Travelers Companies, which faced challenges due to severe storms driving up catastrophe losses, NYSE:AIG maintained its resilience, with a general insurance accident year combined ratio of 88.4%. This metric, indicative of the insurer's profitability, reaffirms AIG's position as a market leader.
NYSE:AIGLong
by DEXWireNews
Astra Industrial Group Company - AIG (1212)Astra Industrial Group Company, trading under ticker 1212, is a prominent entity in the Health Technology sector, specifically within the Pharmaceuticals industry. The company’s stock is currently valued at 165.6 SAR, with a market capitalization of 13.25 B SAR, reflecting its substantial market presence. Financial Highlights: The company has demonstrated a significant sales increase of 21% QoQ. An impressive operating profit margin (OPM) of 43% indicates strong operational efficiency. The free float percentage stands at 43.77%, suggesting a healthy level of liquidity in the market. Technical Indicators: The RSI is at a balanced level of 61.94, indicating neither overbought nor oversold conditions. A bullish trend is suggested by a MACD value of 6.13. The CCI at 70.21 is within a normal range, not signaling extreme market conditions. Current Market Trend: The stock has been performing well, with a recent price increase and a 1-year change of 65.61%. The company’s latest financial results show a revenue increase of 5.05% and a net income surge of 45.93%, which are positive indicators for potential investors1234. Trading Idea: Entry Price: 170.2 SAR Stop Loss: 157 SAR Investment Rationale: The company’s strong financial growth, coupled with positive technical indicators, makes it a promising investment. The VCP pattern forming suggests potential for price movement, making it an opportune time to consider entry. Conclusion: Astra Industrial Group Company stands out as a solid investment option in the pharmaceuticals space. The company’s robust financial health and favorable technical analysis present a compelling case for potential gains. Investors should, however, remain vigilant and conduct thorough research, considering the broader market trends and upcoming financial reports before making any investment decisions. Please note that this idea is based on the provided data and current market trends. Past performance is not indicative of future results, and it’s essential to use risk management strategies such as stop losses to protect your investments. Happy trading!
TADAWUL:1212Long
by KnightSway
AIG Long -- Sweeping gapsThis is an idea I've yet to do any FA on and is based almost purely on TA. Currently has a golden cross on 1M and hardly any upcoming resistance. between $117 to $211 is a gap created in Sep '08 amidst the GFC, and a fill could be upcoming. Dividends upcoming this month (2%) keeping me roped in; using this position for pf stability while out of short-term trades. Let me know if anyone has ideas related to AIG -- I typically don't trade financial services companies. Best of luck
NYSE:AIGLong
by Jordsito
AIG: A Good Buy Setup in the Current Uptrend AIG has been moving in a long-term uptrend since its recovery from the pandemic's economic shock back in 2020. The price has recently made a new higher high, which confirms that the uptrend is still very valid. The price has then retraced back to the long-term uptrend line. We could see that this uptrend line has been respected many times in the past and prices all have bounced up from this trendline to reach new highs. In addition, we can also clearly spot the prices forming double bottom patterns first before resuming bullish movement. Therefore, from the current price level, we are looking for a formation of a double bottom pattern first and then a breakout of the neckline. Our first target is the previous high of $65.
NYSE:AIGLong
by NicoBeau_Capital
$AIG Short Term Long SetupIn this setup I expect price to recover from last week's 14% dip on monday preceeding earnings, I personally plan to day trade this on Monday to catch what I expect will be a pre-earnings rally. If price breaks the 20 MA (yellow line) with a good amount of volume, it would be safe to assume that we would get back to testing the top of this ascending triangle we've been forming @ around 27.75$, especially if the earnings are solid. I would set a tight stop at around 23.50$, but for longer term swing trade i'd aim for the support @22.25, which is confluent with the neckline of the inverse head & shoulders observable on the 2nd of April. TP@ 25.5$ as there lies the 200 MA which has rejected the price time and time again. I'd be careful of holding this/most stocks as we have had a ridiculously strong dead cat bounce from our lows in march and the overall trend is very bearish. As we can see here the S&P 500 recovered 36% but has recently been rejected by the 200 MA and is currently forming a bearish divergence on the MACD. Cheers and goodluck Feel free to share your thoughts :)
NYSE:AIGLong
by Zanalysis