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Fly News Breaks for February 21, 2019
AIG
Feb 21, 2019 | 07:42 EDT
UBS analyst Brian Meredith said despite AIG's disappointing Q4 results, management reiterated their expectation that the General Insurance segment would achieve a profit in Q1. The analyst also said the benefit coming from their reinsurance strategy in 2019 is underappreciated by the market. He believes management's guidance of margin expansion from a rate and mix shift will be challenging to achieve, so he modeled in half of the guidance only. Meredith maintained his Buy rating and $52 price target on AIG shares.
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