Fondos.Net - American International Group, Inc Stock
American International Group, Inc Stock
American International Group, Inc. or AIG is a holding company that offers
insurance and investment products and services to commercial,
institutional, and individual customers. Their services are available
both in the United States and internationally.
They are the largest
U.S. underwriters of general insurance for commercial and industrial
use and they have the most extensive property-casualty insurance
network in the world. This includes personal lines and mortgage
guaranty insurance.
Their life insurance
network is the most extensive the world over and it is the most
profitable life insurance organization in the United States. It also
has a retirement services network that have fixed U.S. leadership
positions and growing international market.
AIG also features an
upcoming presence in aircraft finance, capital markets, consumer
finance and insurance premium finance. It also has a global network of
institutional, retail and private fund management.
American
International Group, Inc. is based in New York City. The company
recently started AIG Real Estate Solutions in March of 2005 to provide
insurance and risk management to the real estate sector.
An investigation into
AIG’s accounting resulted in the resignation of Greenberg and Smith,
two of the companies executives. Investigators are continuing to check
AIG accounting beyond these two officials because they believe the
problems were too big to be the work of just a small number of
executives.
AIG stock fell only
marginally after the investigations were started. However, it had
already fallen by twenty percent six weeks before the investigations
were started. The full problem that the investigations will have on AIG
stock is yet to be seen, however investor confidence in AIG stock has
fallen.
However, AIG stock
remained a top-five holding in March. The co-manager stated that he
believed AIG could increase their profits into the double-digit rates
after awhile. AIG stock still remains undervalued at this time. Nearly
1,000 mutual funds own shares in AIG stock. This is more than the
number of funds that own shares in Wal-Mart stocks.
AIG may be able to
rebuild its stock values because in the past when AIG’s net income fell
by ten precent most of this was built back up in the first quarter
alone. Therefore, AIG has a good past and future of profit growth.
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