American International Group, Inc. (AIG) ended last trading session with a change of 1.28 percent. It trades at an average volume of 6.03M shares versus 4.38M shares recorded at the end of last trading session. The share price of $64.94 is at a distance of 35.55 percent from its 52-week low and down -3.75 percent versus its peak. The company has a market cap of $65.86B and currently has 1.01B shares outstanding. The share price is currently -1.32 percent versus its SMA20, -0.7 percent versus its SMA50, and 10.08 percent versus its SMA200. The stock has a weekly performance of -0.41 percent and is -0.57 percent year-to-date as of the recent close.
January 27, 2017 — A.M. Best has placed under review with negative implications the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” of American International Group, Inc. (AIG) (headquartered in New York, NY) [NYSE:AIG] and the Financial Strength Ratings (FSR) and Long-Term ICRs of its insurance subsidiaries. (Please see link below for a detailed listing of the companies and ratings.)
The under review status follows AIG’s recent announcement that its fourth quarter 2016 financial statement will include a material adverse reserve adjustment, as well as a capital supporting reinsurance transaction for its U.S. commercial business. This adverse development of loss reserves follows a $3.6 billion net adverse reserve adjustment for the fourth quarter of 2015 in the same longer-tailed lines of business.
GGP Inc. (GGP) recently recorded 0.77 percent change and currently at $24.94 is 4.92 percent away from its 52-week low and down -22.31 percent versus its peak. It has a past 5-day performance of 2.97 percent and trades at an average volume of 4.46M shares. The stock has a 1-month performance of -4 percent and is -0.16 percent year-to-date as of the recent close. There were about 894.14M shares outstanding which made its market cap $22.3B. The share price is currently -0.18 percent versus its SMA20, -1.4 percent versus its SMA50, and -9.32 percent versus its SMA200.
On January 31, 2017 GGP Inc. (GGP) reported results for the three and twelve months ended December 31, 2016.
GAAP Operating Results
For the three months ended December 31, 2016, net income attributable to GGP was $236 million, or $0.24 per diluted share, as compared to $194 million, or $0.20 per diluted share, in the prior year period. For the twelve months ended December 31, 2016, net income attributable to GGP was $1.3 billion, or $1.34 per diluted share, as compared to $1.37 billion, or $1.43 per diluted share, in the prior year period. Net income attributable to GGP in 2016 and 2015 for the twelve months was impacted primarily by the gains related to the sales and acquisitions of partial interests in two properties.