AIG posts bigger loss, adds $3.5 billion to buyback program
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AIG (AIG) Maintains Market Perform Rating at FBR Capital, Calling 4Q16 Reserve Charge 'a Setback'
February 15, 2017 6:28 AM ESTFBR Capital analyst Randy Binner maintains Market Perform Rating and $64 price target on American International Group (NYSE: AIG), as the company reported a fiscal year 2016 $5.6 billion gross reserve charge that was much higher than the $3.8 billion estimate.
Binner comments, "AIG reported 4Q16 operating EPS of ($2.72) vs. the FBR ($1.22) and Street ($0.61) estimates. The reserve... More
