5 Undervalued S&P 500 Stocks Billionaires Are Loading Up On

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

Number of Billionaire Investors: 13
Forward P/E Ratio as of June 5: 7.20

American International Group, Inc. (NYSE:AIG) is a New York-based finance and insurance corporation that has operations in over 80 countries. Piper Sandler raised its price target on the stock to $77 and kept an Overweight rating on the shares, following its deal to sell Validus Re. The firm also appreciated the company’s business profile.

American International Group, Inc. (NYSE:AIG) was a part of 13 billion portfolios in our database as of the first quarter of 2023. Overall, 46 hedge funds tracked by Insider Monkey had stakes in the company in Q1, the same as in the previous quarter. Billionaire Dan Loeb’s Third Point was one of the company’s leading stakeholders.

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