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American International Group Inc. (NYSE:AIG) shares have reached a notable milestone, hitting a 52-week high of $80.9, with the stock currently trading at $80.54. According to InvestingPro data, this represents an impressive 12.38% return over the past year. This peak reflects a significant uptrend for the insurance giant, marking a substantial recovery and growth phase. The company’s market capitalization now stands at $47.87 billion, with a healthy dividend yield of 2.01%. InvestingPro analysis indicates the stock is trading near its Fair Value, with 8 additional exclusive insights available to subscribers. Investors have responded positively to AIG’s operational improvements and strong financial performance, which have been pivotal in driving the stock to this new high. The 52-week high serves as a testament to AIG’s enduring market presence and the confidence of its shareholders in the company’s future prospects. For deeper insights into AIG’s valuation and performance metrics, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, American International Group (AIG) reported its fourth-quarter 2024 earnings with an earnings per share (EPS) of $1.30, slightly exceeding the forecast of $1.28. However, the company faced a revenue shortfall, reporting $6.76 billion against an expected $6.79 billion. Despite the revenue miss, AIG’s full-year adjusted after-tax income saw a 28% increase year-over-year, reaching $3.3 billion. Analyst firm Keefe, Bruyette & Woods adjusted their financial outlook for AIG, raising the stock price target to $90 while maintaining an Outperform rating, citing AIG’s performance and future prospects. RBC Capital Markets also reiterated an Outperform rating with a price target of $87, emphasizing AIG’s strong share buyback strategy and promising position for 2025. Conversely, CFRA reduced the price target to $85 but maintained a Buy rating, noting a slight EPS beat but a revenue decline due to divestitures. AIG’s General Insurance written premiums experienced growth, with a 6% increase in 2024, reflecting robust demand in the insurance market. The company aims for a core operating return on equity (ROE) of over 10% for 2025, supported by ongoing share repurchases and strategic divestitures.
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