American International Group Inc
AIG: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$11.00 | Hxss | Bznzqzvnr |
AIG Earnings: AIG Steady Amid Tailwinds
AIG’s first-quarter results were solid, in our view. The annualized adjusted tangible return on equity in the quarter was 10%, in line with the previous quarter, and, in our view, providing further support for the idea that AIG has reached a point where it is generating acceptable overall returns. We will maintain our $72 fair value estimate for the no-moat company and see shares as about fairly valued at the moment.