Actionable news
0
All posts from Actionable news
Actionable news in AIG: AMERICAN INTERNATIONAL GROUP Inc,

AIG Stock Higher After Selling PICC Shares

NEW YORK (TheStreet) -- American International Group (AIG - Get Report) stock is rising 1.22% to $56.50 in early-afternoon trading on Monday, as the insurer raised $1.25 billion selling shares of Chinese insurer PICC Property & Casualty.

AIG sold 740 million shares of PICC for HK$13.08 each, after earlier offering them between HK$13.06 and HK$13.35, Bloomberg reports. The price represents a 7.9% discount to the stock's most recent close.

Additionally, AIG is scheduled to report 2016 first-quarter earnings after the market close today.

Back by Popular Demand…“Confessions...


More