February 14, 2017 / 11:16 PM / 7 months ago

BUZZ- AIG drops in late trade after quarterly loss widens

** American International Group shares fell 4.4 pct in extended trading on Tuesday after the largest commercial insurer in the United States and Canada reported that its net loss widened in Q4

** AIG said results included a charge related to higher reserves to meet claims

** At the same time, the co, which reduced exposures and shed businesses in the wake of its 2008 federal bailout, raised its share buyback program

** AIG ended the regular session up 1.1 pct at $66.89, near its 52-week high of $67.47

** Up to Tuesday’s close, AIG was up 12 percent from the Nov. 8 presidential election

** Most analysts covering AIG have a “buy” rating, while median target price is $72, according to Thomson Reuters data

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