Selling in AIG is overdone, says Sandler O'Neill, attributing Friday's big slide to management...

|By:, SA News Editor

Selling in AIG is overdone, says Sandler O'Neill, attributing Friday's big slide to management comments it will focus on improving debt-coverage ratios, not buybacks, in 2013. To be fully valued, says Sandler, AIG will have to improve its insurance operations (see here), and, at some point, return capital to shareholders in order to increase its ROE.