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Actionable news in AIG: AMERICAN INTERNATIONAL GROUP Inc,

AIG Stock Up, Added to 'Americas Conviction List' at Goldman Sachs

NEW YORK (TheStreet) -- Shares of American International Group (AIG) were advancing in mid-morning trading on Monday after Goldman Sachs added the stock to its 'Americas Conviction List' after the New York City-based insurer reported "strong" second-quarter results.

"Our view to this point has been premised almost entirely on capital deployment; however, having had some time to digest 2Q results, we believe that the 'wedge is under the door' on near-term margin improvement as the near-term outlook on underwriting returns, due to both the support of reinsurance and the impact of targeted non-renewals," the firm wrote in a...


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