AIG Settlement Pushes Shares Higher

AIG (NYSE:AIG) shares are up 1.5 percent following a report from the WSJ that a federal judge okayed a $450 million settlement between the firm and rival insurance companies. The rivals claimed AIG had made a false report about the size of its workers’ compensation business in the 1980s and 1990s, which permitted it to contribute less to state-mandated pools for workers with no insurance.

Here’s how AIG closed the regular session:

American International Group, Inc. (NYSE:AIG): AIG shares recently traded at $23.83, down $0.37, or 1.53%. They have traded in a 52-week range of $19.18 to $62.87. Volume today was 3,092,917 shares versus a 3-month average volume of 6,667,660 shares. The company’s trailing P/E is 5.41, while trailing earnings are $4.41 per share.

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