We recently published a list of 10 Firms Kick Off Trading Week Stronger. In this article, we are going to take a look at where American International Group Inc. (NYSE:IAG) stands against other firms that kicked off the trading week stronger.
The stock market began the trading week on a mixed note as investors continued to digest President Donald Trump’s new tariff agenda, with all economies expecting to be hit by import taxes.
Among all major indices, only the Nasdaq registered losses, down 0.14 percent. In contrast, the Dow Jones jumped by 1 percent while the S&P 500 grew by 0.55 percent.
Despite the broader market downturn, 10 individual stocks stood their ground, finishing the day in the green amid a flurry of fresh corporate developments that boosted investor appetite.
In this article, we named Monday’s top performers and detailed the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.
American International grew its share prices by 3.97 percent on Monday to end at $86.94 each following news that it would kick off a $7.5-billion share repurchase program.
On Monday, AIG said its board of directors authorized the buyback of common shares, which includes approximately $3.4 billion remaining from the previous authorization.
In addition to the buyback, AIG hosted an Investor Day on the same day where it outlined its ambitious targets of hitting operating earnings per share (EPS) Compounded Annual Growth Rate (CAGR) of more than 20 percent between 2025 and 2027, indicating its confidence about its future performance.
In addition, it expects core operating Return on Equity (ROE) to settle between 10 and 13 percent during the same period.
Lastly, AIG said it plans to raise its dividend payout at a 10-percent CAGR for this year and the next.
Overall, IAG ranks 7th on our list of firms that kicked off the trading week stronger. While we acknowledge the potential of IAG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as IAG but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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