Seeking Alpha

AIG retakes much of yesterday's lost ground

  • Efficient markets are hard at work as a big bounce for AIG (AIG +2.8%) has the stock erasing nearly all of its knee-jerk post-earnings loss from yesterday.
  • Summing up a good bit of sell-side sentiment, Deutsche's Josh Shanker says the "beat" was thanks to better-than-expected numbers from capital market sensitive items. He sees "normalized" core EPS at closer to $0.79, well shy of his team's estimate of $0.84. "The slow progress on earnings growth is key to our Hold recommendation."
  • Those with more skin in the game at Seeking Alpha acknowledge a bit of disappointment with operating results, but also note a sizable gain in book value - up 4.6% Q/Q to $71.77 per share - and the continued wide discount to book the stock trades at.
  • "As long as book value is growing and AIG undertakes efforts that will result in better underwriting discipline, AIG still makes a very interesting value proposition," writes Achilles Research.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs