American International Group, Inc. (AIG) is a global insurance company offering property and casualty coverage and other financial services to companies and individuals. Based in New York, AIG provides top-tier insurance products and risk management through its operations, licenses, and partner networks in several countries and territories globally. The company has a market capitalization of $39.13 billion, which classifies it as a “large-cap” stock.
AIG’s shares reached a 52-week low of $71.25 on Jan. 23, but are up 1.8% from that level. Over the past three months, the stock has dropped 8.2%. Contrarily, the broader State Street Financial Select Sector SPDR ETF (XLF) is down marginally over the same period. Therefore, the stock has underperformed the ETF over this period.
