|Day's Range||0.3600 - 0.3600|
NEW YORK, June 05, 2023--American International Group, Inc. (NYSE: AIG) today announced the launch of a secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock. AIG, as the selling stockholder, is offering 65 million existing shares of common stock (out of approximately 648 million total shares of common stock outstanding) of Corebridge and has granted a 30-day option to the underwriters to purchase up to an additional 9.75 million shares. All of the net proceeds from the offe
MGIC Investment (MTG) stands to gain from higher insurance in force, favorable loss reserve development, new business rewriting and prudent capital deployment.
Strong underwriting gains, improving premiums and increased rates poise American International (AIG) well for growth.
American International Group, Unum Group, EnerSys, Koppers Holdings and UFP Industries are part of the Zacks Screen of the Week article.
American International Group, Inc.'s ( NYSE:AIG ) dividend will be increasing from last year's payment of the same...
MMA acquires Texas-based SOLV to boost the capabilities and geographic presence of Marsh & McLennan (MMC).
Cigna (CI) partners with CarepathRx Health System Solutions to accelerate the delivery of pharmacy care for patients with complex needs.
Nova and Micron Technology have been highlighted as Zacks Bull and Bear of the Day.
American International's (AIG) subsidiary Corebridge will also give its regular quarterly dividend of 23 cents per share.
The price-to-sales ratio is a convenient tool to gauge the value of stocks incurring losses or in an early development cycle. Stocks like B, AIG, MT, PAGS and PAM hold promise.
We have screened value stocks AIG, UNM, ENS, KOP and UFPI based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.
RenaissanceRe (RNR) intends to use the transaction proceeds primarily for financing a part of the cash consideration for the Validus acquisition.
BEKE, VCISY, PERI, ATR and AIG have been added to the Zacks Rank #1 (Strong Buy) List on June 1, 2023.
American International Group (AIG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
American International (AIG) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
SWRAY, APAM and AIG made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 30, 2023.
The mean of analysts' price targets for American International Group (AIG) points to a 28.4% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
MetLife (MET) inscribes a deal to transfer risks related to its U.S. retail life insurance and fixed annuity products to Global Atlantic. It also announces a $1 billion buyback capacity increase.
American International Group (AIG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
AIG plans to divest specific businesses within Validus Holdings to RenaissanceRe, thereby reflecting keen efforts to accelerate the growth of its core General Insurance unit.
Value investing is essentially about selecting stocks that are cheap but fundamentally sound. Unum Group (UNM), General Motors (GM), American International Group (AIG) and Park Hotels & Resorts (PK) boast low P/CF ratios.
Insurer RenaissanceRe Holdings Ltd said on Monday it would buy AIG's treaty reinsurance business, which includes Validus Reinsurance Ltd and its consolidated subsidiaries, in a deal valued at nearly $3 billion. The deal terms include about $2.74 billion in cash and $250 million of RenaissanceRe common shares, the companies said in their statements. Shares of AIG were up 0.4% in extended trading, while RenaissanceRe stock was flat.
The deal terms include about $2.74 billion in cash and $250 million of RenaissanceRe common shares, the companies said in their statements. Shares of AIG were up 0.4% in extended trading, while RenaissanceRe stock was flat. The insurance sector continues to see dealmaking activity as companies take advantage of defensive business models that fare better in times of economic uncertainty.
NEW YORK, May 22, 2023--American International Group (NYSE: AIG) today announced that it has entered into a definitive agreement to sell Validus Re, including AlphaCat and the Talbot Treaty reinsurance business, to RenaissanceRe Holdings Ltd. (NYSE: RNR) ("RenaissanceRe") for $2.985 billion, consisting of $2.735 billion in cash and $250 million in RenaissanceRe common shares. In addition, AIG will receive all capital in excess of $2.1 billion of shareholders’ equity of Validus Re and achieve fut