Narwhal Capital Management Lowers stake in American International Group Inc (AIG)

American International Group Inc (AIG) : Narwhal Capital Management reduced its stake in American International Group Inc by 1.35% during the most recent quarter end. The investment management company now holds a total of 73,334 shares of American International Group Inc which is valued at $4,120,637 after selling 1,000 shares in American International Group Inc , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.American International Group Inc makes up approximately 1.32% of Narwhal Capital Management’s portfolio.

American International Group Inc opened for trading at $55.68 and hit $56.21 on the upside on Friday, eventually ending the session at $56.19, with a gain of 1.21% or 0.67 points. The heightened volatility saw the trading volume jump to 60,06,842 shares. Company has a market cap of $64,587 M.

Other Hedge Funds, Including , Carroll Financial Associates boosted its stake in AIG in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 479 shares of American International Group Inc which is valued at $26,915.Gateway Investment Advisers reduced its stake in AIG by selling 50,151 shares or 5.38% in the most recent quarter. The Hedge Fund company now holds 881,987 shares of AIG which is valued at $49,558,850. American International Group Inc makes up approx 0.42% of Gateway Investment Advisers’s portfolio.Benjamin F. Edwards Company boosted its stake in AIG in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 1,562 shares of American International Group Inc which is valued at $85,832. American International Group Inc makes up approx 0.02% of Benjamin F. Edwards Company’s portfolio. Wunderlich Securities sold out all of its stake in AIG during the most recent quarter. The investment firm sold 7,701 shares of AIG which is valued $423,170.Eqis Capital Management boosted its stake in AIG in the latest quarter, The investment management firm added 840 additional shares and now holds a total of 7,564 shares of American International Group Inc which is valued at $403,993. American International Group Inc makes up approx 0.03% of Eqis Capital Management’s portfolio.

On the company’s financial health, American International Group Inc reported $-1.10 EPS for the quarter, missing the analyst consensus estimate by $ -0.17 based on the information available during the earnings call on Feb 11, 2016. Analyst had a consensus of $-0.93. The company had revenue of $4991.00 million for the quarter, compared to analysts expectations of $14151.50 million. During the same quarter in the previous year, the company posted $0.97 EPS.

Many Wall Street Analysts have commented on American International Group Inc. American International Group Inc was Upgraded by Atlantic Equities to ” Neutral” on Mar 22, 2016. Shares were Reiterated by Deutsche Bank on Mar 11, 2016 to “Hold” and Lowered the Price Target to $ 56 from a previous price target of $57 .Shares were Reiterated by RBC Capital Mkts on Feb 16, 2016 to “Outperform” and Lowered the Price Target to $ 65 from a previous price target of $69 .

American International Group Inc. (AIG) is an insurance company. The Company provides a range of property casualty insurance life insurance retirement products mortgage insurance and other financial services. Its various offerings include products and services that help businesses and individuals protect their assets manage risks and provide for retirement security. The Company’s AIG Global Benefits Network provides administrative and marketing services to insurance companies offering benefit solutions to multinational employers. AIG Global Benefits Network can develop global benefit plan solutions for multinational clients by tapping the coverage options offered by carriers throughout the network. AIG operates through two segments: Commercial Insurance and Consumer Insurance. Commercial Insurance is a provider of insurance products and services for commercial and institutional customers.

Leave a Reply

American International Group Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on American International Group Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.