Top 5 Life Insurance Companies In The World

3. American International Group, Inc. (NYSE:AIG)

Number of Hedge Fund Holders: 44

American International Group, Inc. (NYSE:AIG) is a leading global insurance organization. Founded in 1919, American International Group, Inc. (NYSE:AIG) provide a wide range of property casualty insurance, life insurance, retirement products, and other financial services to customers in more than 70 countries and jurisdictions. American International Group, Inc. (NYSE:AIG) is one of the largest life insurance companies in the world and has a market cap of $43 billion. The company has a strong cash position and according to its balance sheet, its free cash flows currently sit at $4.1 billion.

On October 12, Jefferies analyst Yaron Kinar raised his price target on American International Group, Inc. (NYSE:AIG) to $64 from $57 and upgraded the stock to Buy from Hold. This October, Barclays analyst Tracy Benguigui revised her price target on American International Group, Inc. (NYSE:AIG) to $53 from $56 and maintained an Equal Weight rating on the shares.

At the end of Q2 2022, 44 hedge funds were eager on American International Group, Inc. (NYSE:AIG) and disclosed stakes of $2.55 billion. This is compared to 34 positions in the preceding quarter with stakes worth $2.50 billion. The hedge fund sentiment for the stock is positive. As of June 30, Harris Associates is the leading investor in American International Group, Inc. (NYSE:AIG) and has disclosed stakes of $1.33 billion in the company.

 Here is what Diamond Hill Capital had to say about American International Group, Inc. (NYSE:AIG) in its third-quarter 2022 investor letter:

“Also among our bottom contributors were health care products manufacturer Abbott Labs, global pharmaceutical company Pfizer, media and technology giant Alphabet, and insurance company American International Group, Inc. (NYSE:AIG).

AIG reported strong Q2 earnings, but volatile capital markets led to delays in the IPO of the company’s life and retirement business and concerns about the quality of the company’s investment portfolio. We continue to believe AIG has one of the best management teams in the industry, and they’ve been executing well on turning the business around and improving underwriting and expense control.”