American International Group Incorporation (NYSE:AIG) shares up by 2.68%

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Dallas, Texas 08/06/2013 (Financialstrend) During the last trading session, the shares of American International Group Inc (NYSE:AIG) was seemed to be trading the range of prices between $ 49.50 as the highest price for the day and $ 47.78 as the lowest price for the day. The closing price of the stock of American International Group Inc for the day was $ 48.33 which showed an increase by 2.68%. It seemed like that the stock of American International Group Inc was facing resistance of some kind at the price of $ 49.44 while being able to hold the support at the levels of $ 47.68 and $ 47.08. A dividend of $ 0.10 for each share was declared by the board of directors of American International Group Inc. On the year to date basis, the shares of American International Group Inc have made the profit of about 36.0%.

At KBW, the price objective on the stock of American International Group Inc have been boosted on the heels of quarterly earnings reported that was announced by the company during the last week. The price objective was increased from $ 45 to $ 46. On the year to year basis, the stock of American International Group Inc has been increased by more than 54% thereby trading at the price of $ 48.33.

Further, American International Group Inc was found to have completely repaid the amount of $ 182.3 billion which was received by the company from government aid. Due to this repayment act by the company, the financial position of American International Group Inc is being regarded as more stable by almost all the agencies. In addition to these, the shares of American International Group are looking more attractive even now after having gained by around 22% during the last 4 months. However, American International Group Inc has long way to go before the company is fully out of danger.

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