4 Financial Stock Stories to Check Out On Thursday

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

American International Group (NYSE:AIG): Current price $46.16

On Thursday, Peoples Insurance Company (Group) of China and PICC Life Insurance Company Limited announced that they have formed a joint venture agreement to set up an agency distribution company in China. In December, AIG invested $500 million as the biggest cornerstone investor in the PICC initial public offering. Linked with this investment, PICC Life and AIG created this joint venture agency distribution company. Products that might be distributed by the joint venture include jointly developed life and retirement insurance products, ongoing PICC life products, PICC Property & Casualty  insurance products, AIG P&C products, along with other products targeted at meeting the needs of this developing market. AIG will hold 24.9 percent of the distribution company, with PICC Life holding the remaining 75.1 percent.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

AIG

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business