American International Group, Inc. AIG is well poised to grow on the back of strategic acquisitions and its multi-year transformative program. Improving consumer spending is likely to drive the company’s net written premiums and sales growth in the coming days.
American International — with a market cap of $45.9 billion — is a leading global insurance organization. Building on its long history, it provides a wide range of property casualty and life insurances. Along with retirement solutions, it provides other financial services to clients in more than 80 nations and jurisdictions.
Courtesy of solid prospects, this Zacks Rank #3 (Hold) stock is worth holding on to at the moment.
The Zacks Consensus Estimate for American International’s 2021 earnings is pegged at $4.70 per share, indicating an 86.5% year-over-year rise. The company beat earnings estimates in three of the last four quarters…