American International Group Inc (AIG) : Nfc Investments reduced its stake in American International Group Inc by 8.1% during the most recent quarter end. The investment management company now holds a total of 498,175 shares of American International Group Inc which is valued at $27.7 Million after selling 43,890 shares in American International Group Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.American International Group Inc makes up approximately 13.24% of Nfc Investments’s portfolio.
Other Hedge Funds, Including , Halbert Hargroverussell reduced its stake in AIG by selling 1,925 shares or 30.64% in the most recent quarter. The Hedge Fund company now holds 4,357 shares of AIG which is valued at $242,511. American International Group Inc makes up approx 0.09% of Halbert Hargroverussell’s portfolio.Great Lakes Advisors reduced its stake in AIG by selling 82,707 shares or 80.25% in the most recent quarter. The Hedge Fund company now holds 20,354 shares of AIG which is valued at $1.1 Million. American International Group Inc makes up approx 0.03% of Great Lakes Advisors’s portfolio.Benchmark Capital Advisors reduced its stake in AIG by selling 3,500 shares or 31.82% in the most recent quarter. The Hedge Fund company now holds 7,500 shares of AIG which is valued at $417,450. American International Group Inc makes up approx 0.36% of Benchmark Capital Advisors’s portfolio.Bronfman E.l. Rothschild boosted its stake in AIG in the latest quarter, The investment management firm added 260 additional shares and now holds a total of 4,107 shares of American International Group Inc which is valued at $226,049. American International Group Inc makes up approx 0.04% of Bronfman E.l. Rothschild’s portfolio.Commonwealth Equity Services Inc reduced its stake in AIG by selling 1,627 shares or 3.31% in the most recent quarter. The Hedge Fund company now holds 47,507 shares of AIG which is valued at $2.7 Million. American International Group Inc makes up approx 0.02% of Commonwealth Equity Services Inc’s portfolio.
American International Group Inc opened for trading at $56.65 and hit $57.5 on the upside on Friday, eventually ending the session at $56.97, with a gain of 1.08% or 0.61 points. The heightened volatility saw the trading volume jump to 63,00,243 shares. Company has a market cap of $63,751 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.
Investors should note that on May 2, 2016, American International Group Inc announced a cash dividend of $0.3200. The company’s management has announced Jun 9, 2016 as the ex-dividend date and fixed the record date on Jun 13, 2016. The payable date has been fixed on Jun 27, 2016.
Many Wall Street Analysts have commented on American International Group Inc. American International Group Inc was Upgraded by Wells Fargo to ” Outperform” on May 17, 2016. 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.
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.