For Immediate Release

Chicago, IL – March 17, 2010 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: American International Group Inc. (AIG), Transatlantic Holdings Inc. (TRH), Goldman Sachs Group Inc. (GS), Wells Fargo & Co. (WFC) and Bank of America (BAC).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter:

Here are highlights from Tuesday’s Analyst Blog:

AIG Raises $452M from Stake Sale

Yesterday, American International Group Inc. (AIG) announced that it has raised $452 million from its stake sale in the reinsurance company Transatlantic Holdings Inc. (TRH).

AIG closed the secondary public offering of 8,466,693 shares of Transatlantic common stock owned by American Home Assurance Co. (AHAC), a subsidiary of AIG. The offering was priced at $53.35 each, generating gross proceeds of approximately $452 million. Of the total offering, Transatlantic bought 2 million shares.

The underwriters of the offering include Goldman Sachs Group Inc. (GS), Wells Fargo Securities of Wells Fargo & Co. (WFC) and BofA Merrill Lynch, a part of Bank of America (BAC). They have a 30-day option, exercisable until Apr 8, 2010, to purchase up to an additional 725,969 shares of Transatlantic common stock from AHAC. Also, AIG raised over a billion from selling a part of its Transatlantic stake last year. AIG, which received federal support worth $182.5 billion, has been trying for the past several quarters to sell assets and streamline its operations in an effort to repay the bailout money. 

Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter:

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks “Profit from the Pros” e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today:

About Zacks is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it’s your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at

Visit for information about the performance numbers displayed in this press release.

Follow us on Twitter:

Join us on Facebook:

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Mark Vickery
Web Content Editor



Zacks Investment Research