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4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  AIA Group Ltd    1299   HK0000069689

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AIG To Sell Its Shares In AIA Group When Lock-Up Expires In September -Reuters

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05/16/2012 | 07:25am CET

American International Group Inc. (AIG) Chief Executive Robert Benmosche said the company will sell its remaining shares of Asian life insurer AIA Group Ltd. (1299.HK) after the lock-up period expires in September, Reuters reported Wednesday.

Benmosche said the sale will reduce AIG's earnings volatility.

AIG sold two-thirds of AIA in a Hong Kong initial public offering in October 2010 and sold about $6 billion of stock earlier this year, leaving it with a stake of about 18.6%.

Full story at http://www.reuters.com/article/2012/05/16/aig-aia-idUSL1E8GG82420120516

-Dow Jones Newswires; 212-416-2900

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Financials ($)
Sales 2016 20 679 M
EBIT 2016 3 754 M
Net income 2016 3 771 M
Debt 2016 -
Yield 2016 1,66%
P/E ratio 2016 18,49
P/E ratio 2017 16,65
Capi. / Sales 2016 3,41x
Capi. / Sales 2017 3,11x
Capitalization 70 417 M
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 7,43 $
Spread / Average Target 27%
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Managers
NameTitle
Mark Edward Tucker President, Group CEO & Executive Director
Sze Wing Tse Non-Executive Chairman
Simeon Preston Group Chief Operations Officer
Garth Jones Group Chief Financial Officer
Chung Kong Chow Independent Non-Executive Director
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