AIG Stock Stable Despite Subsidiary' Bankruptcy

Today Reuters is reporting: "Dec 14 ( Reuters ) - American International Group Inc said on Wednesday its subsidiary, AIG Financial Products ( FP ) , had filed for Chapter 11 bankruptcy protection." For full coverage click here. Shares of the large-cap Financial Services company have not moved much on the news as of the morning trading session, and are currently trading at $63.71.

American International Group, Inc. offers insurance products for commercial, institutional, and individual customers in North America and internationally. The company belongs to the Financial Services sector, which has an average price to earnings (P/E) ratio of 13.34 and an average price to book (P/B) ratio of 1.95. In contrast, American International has a trailing 12 month P/E ratio of 3.8 and a P/B ratio of 1.2.

American International has moved 16.9% over the last year compared to -14.7% for the S&P 500 -- a difference of 31.6%. American International has a 52 week high of $65.73 and a 52 week low of $47.05. At today's price of $63.71 per share, American International is -4.58% away from its target price of $66.77, and on average, analysts give the stock a rating of buy. 0.8% of the company's shares are linked to short positions, and 92.0% of the shares are owned by institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.