Should You Consider Adding American International Group (AIG) to Your Watchlist?

Investment management company First Pacific Advisors recently released its “FPA Crescent Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund returned 8.42% compared to a 7.56% return for the S&P 500 Index. The fund delivered a -9.20% return in 2022 compared to a -18.11% return for the S&P 500 Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

FPA Crescent Fund highlighted stocks like American International Group, Inc. (NYSE:AIG) in the fourth quarter investor letter. Headquartered in New York, New York, American International Group, Inc. (NYSE:AIG) is an insurance products provider. On February 9, 2023, American International Group, Inc. (NYSE:AIG) stock closed at $60.87 per share. One-month return of American International Group, Inc. (NYSE:AIG)  was -5.50% and its shares gained 0.21% of their value over the last 52 weeks. American International Group, Inc. (NYSE:AIG)  has a market capitalization of $45.225 billion.

FPA Crescent Fund made the following comment about American International Group, Inc. (NYSE:AIG)  in its Q4 2022 investor letter:

“American International Group, Inc. (NYSE:AIG) is one company that we haven’t discussed in a while, although it’s been in the portfolio since 2011. This year, AIG successfully IPO’d a portion of its life business, an important step on the way to becoming a pure property & casualty company. The company’s general insurance operations demonstrated another year of improved underwriting and profitability.”

American International Group, Inc. (NYSE:AIG) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 48 hedge fund portfolios held American International Group, Inc. (NYSE:AIG) at the end of the third quarter, which was 44 in the previous quarter.

We discussed American International Group, Inc. (NYSE:AIG) in another article and shared the list of lowest P/E ratios of the S&P 500.. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

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