Donald Smith buys $94,665,553 stake in American International Group Inc (AIG)

American International Group Inc (AIG) : Donald Smith scooped up 44,153 additional shares in American International Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 1,719,941 shares of American International Group Inc which is valued at $94,665,553.American International Group Inc makes up approximately 2.48% of Donald Smith’s portfolio.

Other Hedge Funds, Including , Hudson Canyon Investment Counselors sold out all of its stake in AIG during the most recent quarter. The investment firm sold 21,708 shares of AIG which is valued $1,194,808.Rhumbline Advisers reduced its stake in AIG by selling 5,247 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 1,679,600 shares of AIG which is valued at $92,445,184. American International Group Inc makes up approx 0.29% of Rhumbline Advisers’s portfolio.State Of New Jersey Common Pension Fund D reduced its stake in AIG by selling 200,000 shares or 12.97% in the most recent quarter. The Hedge Fund company now holds 1,342,000 shares of AIG which is valued at $74,910,440. American International Group Inc makes up approx 0.34% of State Of New Jersey Common Pension Fund D’s portfolio.Trust Co Of Vermont boosted its stake in AIG in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 1,746 shares of American International Group Inc which is valued at $97,462. American International Group Inc makes up approx 0.01% of Trust Co Of Vermont’s portfolio. Carl Domino Inc added AIG to its portfolio by purchasing 27,136 company shares during the most recent quarter which is valued at $1,524,772. American International Group Inc makes up approx 1.37% of Carl Domino Inc’s portfolio.

American International Group Inc opened for trading at $55.39 and hit $56.95 on the upside on Tuesday, eventually ending the session at $56.35, with a gain of 1.99% or 1.1 points. The heightened volatility saw the trading volume jump to 61,04,604 shares. Company has a market cap of $63,057 M.

On the company’s financial health, American International Group Inc reported $0.65 EPS for the quarter, missing the analyst consensus estimate by $ -0.35 based on the information available during the earnings call on May 2, 2016. Analyst had a consensus of $1.00.Analysts expectations of $ 13749.00.During the same quarter in the previous year, the company posted $1.22 EPS.

Many Wall Street Analysts have commented on American International Group Inc. Shares were Reiterated by FBR Capital on May 10, 2016 to “Mkt Perform” and Lowered the Price Target to $ 53 from a previous price target of $56 .American International Group Inc was Resumed by Morgan Stanley to “Equal-Weight” on May 5, 2016. Company shares were Reiterated by UBS on May 5, 2016 to “Neutral”, Firm has raised the Price Target to $ 57 from a previous price target of $55 .

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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