AIG_1Whello American International Group symbol and stock analysis in long term time frame. The market is currently in an abcde triangle correction pattern that could be ready to move for the next rising wave and can move towards 85.00 by breaking the ceiling of the triangle. The main support number is 75.00.
1AIG trade ideas
AIG ( American International Group ) BUY TF H1 TP = 75.46On the H1 chart the trend started on Aug. 07 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 75.46
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
AIG Entry, Volume, Target, StopEntry: with price above 80.84
Volume: with volume greater than the volume from the previous high, in this case > 4.034M. The more volume, the better!
Target: 85.78 area. This is an area, you might consider existing early if price drops below a significant moving average such as the 10, 20, or 50 EMA. You might also considering holding some portion of the trade longer as price closes above significant moving averages.
Stop: Depending on your risk tolerance; Based on an entry of 80.84, 78.37 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
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).
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.
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
AIG Quietly Approaches Historic LevelsAmerican International Group had one of the biggest drops during the Global Financial Crisis. Now, after 15 years in the penalty box, the former Dow member could be fighting back.
The main pattern on today’s chart is the January 2017 peak of $67.47. It remains AIG’s highest level since October 2008 -- one month after the insurance giant lost about 90 percent of its value. (A 1-for-20 reverse stock split the following summer restored some of its value on a per-share basis.)
Given the importance of the GFC collapse, a break above last decade’s highs could make long-term investors view the stock as a comeback play.
Next is the January high of $64.88, which AIG probed early last month. Prices broke resistance in the second half of November and last week held the same zone. Has old resistance become new support?
Third, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA in August.
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My Next Wycoffian Trade is AIGIf you followed me on the GNRC you would very happy right now.... as it went up $17-20 today. That got me starting to think I wonder if there is another one out there waiting? And then I found this. Stay tuned for more info.... Lets keep in mind this stock did consolidate at over $990 for what looks like a year or more.... Now $50?!
Short opportunities on AIG stockHello,
American International Group, Inc. (AIG) was once considered one of the world's leading insurance companies, with a brand and competitive advantage that was virtually unmatched. However, in recent years, AIG has lost both its brand and competitive edge, as it has struggled to overcome a series of challenges and setbacks.
One of the main reasons for AIG's decline is its involvement in the 2008 financial crisis. AIG's highly-leveraged business model, which relied heavily on credit default swaps (CDSs) and other complex financial instruments, ultimately led to the company's collapse. AIG was forced to receive a government bailout of $182 billion, which resulted in the U.S. government owning 92% of the company. This move damaged AIG's reputation and made it less attractive to potential customers and investors.
AIG's involvement in the financial crisis also exposed the company to significant legal and regulatory risks. In the aftermath of the crisis, AIG faced numerous lawsuits and investigations from regulators and government agencies, which further eroded the company's reputation.
AIG also struggled with internal management issues, including a lack of strategic direction and poor decision-making. The company underwent several leadership changes in a short period, which resulted in a lack of continuity and a lack of a clear vision for the company's future. Additionally, AIG's management team made several poor decisions, such as investing heavily in risky assets and failing to adequately manage the company's risk exposures.
Finally, AIG's competitive advantage has also been eroded by increased competition in the insurance industry. New players, including technology companies, have entered the market and disrupted traditional business models. AIG has struggled to keep up with these changes and has failed to innovate or adapt its business model to stay competitive.
In conclusion, AIG's decline can be attributed to a combination of factors, including its involvement in the financial crisis, legal and regulatory risks, internal management issues, and increased competition in the insurance industry. To regain its brand and competitive advantage, AIG will need to address these issues and develop a clear strategy for the future.
AIG | Time for Puts | OverboughtAmerican International Group, Inc. offers insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment provides general liability, environmental, commercial automobile liability, workers' compensation, casualty, and crisis management insurance products; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, crop, and marine insurance. It also provides professional liability insurance products for a range of businesses and risks, including directors and officers, mergers and acquisitions, fidelity, employment practices, fiduciary liability, cyber risk, kidnap and ransom, and errors and omissions insurance. In addition, this segment offers personal auto and property insurance, such as auto, homeowners, umbrella, yacht, fine art, and collections; voluntary and sponsor-paid personal accident; supplemental health products; extended warranty insurance products; and travel insurance products. Its Life and Retirement segment offers variable annuities, index and fixed annuities, and retail mutual funds; and financial planning and advisory services; record-keeping, plan administrative, and compliance services; and term life and universal life insurance. It also provides stable value wrap products, and structured settlement and pension risk transfer annuities; and corporate- and bank-owned life insurance and guaranteed investment contracts. This segment sells its products through independent marketing organizations, independent insurance agents, financial advisors, direct marketing, banks, and broker-dealers. The company was founded in 1919 and is headquartered in New York, New York.
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.