FMP
Jun 11, 2024 5:12 PM - Davit Kirakosyan
BofA Securities analysts increased their price target for American International Group (NYSE:AIG) to $84 from $82, maintaining a Neutral rating on the stock. The analysts explained that the previous valuation of AIG was based on a sum-of-the-parts approach, considering the General Insurance and Life businesses separately along with the value of the deferred tax asset (DTA). Following consolidation, AIG will now be valued similarly to its large-cap P&C peers, using a forward P/E multiple of 10.6x for 2025 earnings to determine a 12-month price target of $84. This valuation approach assumes the DTA will be exhausted by the end of 2026.
The analysts acknowledged that AIG might traditionally trade at a discount compared to peers due to its trading history, shrinking reserve base, and slower premium growth. However, they believe that AIG's ongoing share repurchase efforts provide unique price support that is not observed in peer stocks, which should positively influence its near-term valuation.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...