Nepsis Capital Management Lowers stake in AMERICAN INTL GROUP INC COM (AIG)

AMERICAN INTL GROUP INC COM (AIG) : Nepsis Capital Management reduced its stake in AMERICAN INTL GROUP INC COM by 8.02% during the most recent quarter end. The investment management company now holds a total of 155,858 shares of AMERICAN INTL GROUP INC COM which is valued at $8,757,661 after selling 13,595 shares in AMERICAN INTL GROUP INC COM , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.AMERICAN INTL GROUP INC COM makes up approximately 4.58% of Nepsis Capital Management’s portfolio.

AMERICAN INTL GROUP INC COM opened for trading at $56.5 and hit $56.91 on the upside on Wednesday, eventually ending the session at $56.63, with a gain of 0.14% or 0.08 points. The heightened volatility saw the trading volume jump to 62,91,112 shares. Company has a market cap of $65,093 M.

Other Hedge Funds, Including , Fox Run Management L.l.c. sold out all of its stake in AIG during the most recent quarter. The investment firm sold 3,900 shares of AIG which is valued $219,141.Sentinel Trust Co Lba boosted its stake in AIG in the latest quarter, The investment management firm added 7,803 additional shares and now holds a total of 73,269 shares of AMERICAN INTL GROUP INC COM which is valued at $4,026,132. AMERICAN INTL GROUP INC COM makes up approx 0.60% of Sentinel Trust Co Lba’s portfolio. Integral Derivatives sold out all of its stake in AIG during the most recent quarter. The investment firm sold 113,882 shares of AIG which is valued $6,257,816.Mai Capital Management reduced its stake in AIG by selling 221 shares or 5.45% in the most recent quarter. The Hedge Fund company now holds 3,834 shares of AIG which is valued at $204,774. AMERICAN INTL GROUP INC COM makes up approx 0.02% of Mai Capital Management’s portfolio.

On the company’s financial health, AMERICAN INTL GROUP INC COM 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 INTL GROUP INC COM. AMERICAN INTL GROUP INC COM 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.

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