Argus analyst Kevin Heal upgraded AIG to Buy from Hold with a $74 price target. The analyst cites the company’s recent non-core asset sales and improving return on equity measures for the upgrade. The shares appear attractively valued given AIG’s leading position in global property and casualty and U.S. life insurance as well as its geographic diversification, efforts to cut costs and sell noncore assets, and strong liquidity, the analyst tells investors in a research note. The firm projects an increase in the dividend in 2024 along with significant share repurchases.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on AIG: