Barron’s: AIG Looks Overpriced at $31 a share

With the U.S. government preparing to sell its massive 1.65 billion shares, or 92% common stock interest, and the company’s difficulties with reserves, AIG (AIG) shares, currently trading at about $31, look overpriced, Barron’s argues. AIG may be worth closer to $23 per share (based on a P/E ratio of 8.5), Barron’s contends.