AIG stock falls 1.62% and underperforms competitors
Updated
Updated · MarketWatch · May 7
AIG stock falls 1.62% and underperforms competitors
5 articles · Updated · MarketWatch · May 7
Shares closed at $76.43 on Thursday, marking a second straight loss as the S&P 500 fell 0.38% and the Dow Jones Industrial Average dropped 0.63%.
AIG lagged peers including Chubb, down 0.19%, Cigna, up 0.73%, and Progressive, down 0.53%, during a broadly weaker market session.
The stock finished 12.61% below its 52-week high of $87.46 reached on June 6, while trading volume of 2.8 million stayed well below its 50-day average.
With record profits and a soaring dividend, why does the market value AIG as if it is failing?
Can AIG's new CEO and AI strategy thrive as the insurance market gets more competitive and prices fall?