10 Firms Kick Off Trading Week Stronger

7. American International Group Inc. (NYSE:IAG)

American International grew its share prices by 3.97 percent on Monday to end at $86.94 each following news that it would kick off a $7.5-billion share repurchase program.

On Monday, AIG said its board of directors authorized the buyback of common shares, which includes approximately $3.4 billion remaining from the previous authorization.

In addition to the buyback, AIG hosted an Investor Day on the same day where it outlined its ambitious targets of hitting operating earnings per share (EPS) Compounded Annual Growth Rate (CAGR) of more than 20 percent between 2025 and 2027, indicating its confidence about its future performance.

In addition, it expects core operating Return on Equity (ROE) to settle between 10 and 13 percent during the same period.

Lastly, AIG said it plans to raise its dividend payout at a 10-percent CAGR for this year and the next.