American International Group Inc Launches Financial Network

American International Group, Inc.’s (AIG) share price has been on an uptrend since the onset of the fourth quarter, reflecting investors’ enthusiasm about its developments so far.

Among other activities, American International recently launched a premier financial services group, AIG Financial Network.

AIG Financial Network aims to transform the American General Life Insurance Company career channel. It intends to develop a wide range of representatives to coach clients and provide service as per their needs.

AIG is a leading international insurance organization that serves customers in more than 130 nations. The company, through its extensive worldwide property and casualty network, provides services to institutional, individual and commercial customers. American International is also a dominant life insurer and retirement service provider across the United States.

The formation of this financial network will expand the product portfolio of AIG. The company will now be offering solutions to consumers’ lives at all stages including a wide array of income and retirement solutions.

AIG will also provide solid career opportunities to experienced as well as new advisors within its AIG Financial Network’s retirement and protection space.

AIG has witnessed a solid estimate revision on the back of its announcement of new formation. The current year Zacks Consensus Estimate for earnings has gone up from $4.37 per share to $4.38 a share over the last seven days owing to four upward estimate revisions over the same period. Likewise, for the current quarter, the Zacks Consensus Estimate has also moved north to 96 cents a share from 95 cents in the last seven days.

AIG is set to declare its fourth-quarter 2013 results on Feb 13, 2014.

This multi line insurer presently caries a Zacks Rank #2 (Buy). Investors interested in the same space might also consider stocks like CNO Financial Group, Inc. (CNO), FBL Financial Group, Inc. (FFG) andPrudential plc (PUK). All these stocks sport a Zacks Rank #1 (Strong Buy).