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American International Group, Inc. Message Board

  • shbtrmk shbtrmk Apr 5, 2013 3:10 PM Flag

    current news on AIG (it looks like big b oys are loading up big time, target $70 per share)

     

    Bruce Berkowitz runs quite a concentrated portfolio. He invested heavily in Financials, including American International Group (NYSE: AIG), accounting for 43.6% of Berkowitz’s total portfolio. He concentrated a great deal on AIG, as he believed that a business like AIG should be trading at a multiple of book value. At the current price of around $39 per share, AIG is trading at only 60% of its current book value.

    Moreover, AIG has been active in quitting its non-core businesses by selling Asian life insurer AIA and a 90% stake in IFLC, an aircraft leasing business. Berkowitz mentioned that AIG should be worth at least $70 per share.

    Sentiment: Strong Buy

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AIG
62.08-0.27(-0.43%)Jul 2 4:00 PMEDT