Top 5 Lowest P/E Ratios of the S&P 500

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

P/E Ratio: 3.82

Number of hedge fund holders: 48

American International is one of the biggest insurance and financial companies. In December, American International Group, Inc. (NYSE:AIG)’s AIG Financial Products Corp. (FP) filed for Chapter 11 bankruptcy. The filing was part of the process started after the 2008 financial crisis. Recently, Citi analyst Michael Ward said that he likes AIG stock ahead of the fourth quarter report, in addition to several other finance and insurance plays.