Analyst Joshua Shanker predicts difficulty for AIG to improve its loss ratio after the Validus sale, expecting a 10% lower EPS after Corebridge's deconsolidation. He suggests share repurchases could support the stock price and a low price-to-book multiple should provide price support.
The company's shift to profitability is seen as a positive, likely contributing to the share price rise. However, recent slower returns may suggest the share price is pausing while the company implements its growth strategy. The company's generous dividends have notably boosted the total shareholder return.
Analysts predict overlooked growth potential for Apollo Global Management and Capital One Financial in 2024. They foresee a 'big run' for Capital One, appreciating earnings momentum for Corebridge, and capitalization opportunities for BlackRock. However, they warn of potential risks in Franklin Resources' recent stock surge.
Morning Movers Gapping up $Disney(DIS.US)$Shares of the entertainment giant ticked up less than 1% after Reuters reported that activist hedge fund Blackwells Capital will nominate three directors for Disney, competing with a slate from Trian Fund Management. Blackwells is supportive of CEO Bob Iger, the report said. $Verizon(VZ.US)$stock rose 1.2% after KeyBanc upgraded its stance on the telecoms giant to overweight from sector...