American International Group's (AIG) stock has greatly underperformed the market so far in 2017, as shares are down 8% while the S&P 500 is up by almost 15%. AIG's shares have also underperformed the company's peer group over the same period of time.
(Source: Nasdaq)
More importantly, AIG's stock price has underperformed the S&P 500 over the last one-, two- and three-year periods. The underperformance has caused many investors to park their money elsewhere, with MetLife (MET) being a great example, but I believe that now may actually be a good time to start thinking about AIG as an attractive, long-term investment.
