Bernstein Seems Impressed with AIG Buyback, Dividend, Believes Co. Has 'Ample Capital'

Bernstein's Josh Stirling issued a research note Friday morning suggesting the dividend and buyback announced by AIG

on Thursday afternoon was "much more important than the dollars would suggest." The analyst sees the news as an indication the company has more-than-enough capital even considering the ILFC deal. Stirling believes the dividend and buyback bring the important of ILFC down "materially." Bernstein maintains an Outperform rating and $60 price target on shares of AIG. AIG shares are up 4.5 percent to $49.16 in Friday's pre-market session.