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American International Group Inc.

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AIG's shares have outperformed the industry in the last three months. The company has taken up several measures like strategic divestitures, asset sales, increasing share buybacks, dividend hikes, personnel changes, cost control, reinsurance deals, and lowering of hedge fund investments in order to deliver better earnings by curbing volatility. Though some of these efforts have paid off, many more reforms are required for a turnaround. Nevertheless, its weak commercial lines business remains a drag. Adverse reserve development and exposure to catastrophe are the other headwinds. The company recently appointed a new CEO, who the company is pinning hopes on for expediting turnaround activities. AIG is set to report second-quarter 2017 earnings on Aug 2. The Zacks Consensus Estimate for the same is pegged at $1.20 per share, which translates into year-over-year growth of 22.2%.


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