Weakness following Q3 results is overdone, says the team, and weakness in P&C is no more than typical volatility in the business. The insurer's underwriting loss ratio continues to improve and the expense ratio should decline from here.
Weakness? Prior to the mini-meltdown in the markets over the past few sessions, AIG's stock price had recovered from its post-Q3 results dive and was roughly flat from where it stood three months ago.
Nucor (NUE) has also been added to the list.
AIG +1.5% premarket; Nucor no trades.