AIG Secures $4.3 Billion In Credit, Shares Up 8.5% (AIG)

Shares of American International Group, Inc. AIG are currently up 8.5% at $58.94 per share during Monday afternoon trading. The company announced on Monday morning that it had lined up $4.3 billion of credit facility agreements. Chief executive officer Robert Benmosche said, “This success is another important vote of confidence by the market in AIG. These credit facilities, combined with the debt offering and contingent liquidity facility, demonstrate that AIG has momentum and has made substantial and impressive progress this year." Today's trading range for shares of American International Group, Inc has been between $54.18 and a 52-week high $59.22 per share. The consensus price target of analysts covering the company's stock is $33.00 per share. Volume of 7.4 million shares is already well above the daily average volume of 5.1 million shares. American International Group, Inc. (AIG) is a leading international insurance organization with operations in more than 130 countries and jurisdictions that serve commercial, institutional and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. American International Group, Inc companies are also leading providers of life insurance and retirement services in the United States. Read more from Benzinga's Company news.