Here’s Why You Should Consider Investing in AIG

Diamond Hill Capital, an investment management firm, published its “Diamond Hill International Fund” first-quarter 2022 investor letter – a copy of which can be downloaded here. During a volatile quarter, the portfolio held up better than the Morningstar Global Markets ex-US Index by a decent margin. After a strong rebound in 2021, the fund expects the global GDP growth to moderate in 2022. Try to take some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Diamond Hill All Cap Select Fund mentioned American International Group, Inc. (NYSE:AIG) and explained its insights for the company. Founded in 1919;, American International Group, Inc. (NYSE:AIG) is a New York City, New York-based global insurance organization with a $38.3 billion market capitalization. American International Group, Inc. (NYSE:AIG) delivered a -14.84% return since the beginning of the year, while its 12-month returns are up by 3.24%. The stock closed at $48.42 per share on July 14, 2022.

Here is what Diamond Hill All Cap Select Fund has to say about American International Group, Inc. (NYSE:AIG) in its Q1 2022 investor letter:

“On an individual holdings’ basis, top contributors to return were all from our long portfolio, including American International Group (NYSE:AIG). AIG continued to execute on its turnaround of the global property and casualty business, showing underwriting margin improvements in the quarter.”

Valeri Potapova/

Our calculations show that American International Group, Inc. (NYSE:AIG) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. American International Group, Inc. (NYSE:AIG) was in 34 hedge fund portfolios at the end of the first quarter of 2022, compared to 33 funds in the previous quarter. American International Group, Inc. (NYSE:AIG) delivered a -23.18% return in the past 3 months.

In June 2022, we published an article that includes American International Group, Inc. (NYSE:AIG) in 10 Undervalued Blue Chip Stocks to Buy Now. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.