Cumberland Partners Ltd Lowers stake in American International Group Inc (AIG)

American International Group Inc (AIG) : Cumberland Partners Ltd reduced its stake in American International Group Inc by 5.5% during the most recent quarter end. The investment management company now holds a total of 473,292 shares of American International Group Inc which is valued at $25,851,209 after selling 27,525 shares in American International Group Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.American International Group Inc makes up approximately 3.54% of Cumberland Partners Ltd’s portfolio.

Other Hedge Funds, Including , Carroll Financial Associates reduced its stake in AIG by selling 5 shares or 1.04% in the most recent quarter. The Hedge Fund company now holds 474 shares of AIG which is valued at $25,866.Nisa Investment Advisors boosted its stake in AIG in the latest quarter, The investment management firm added 7,592 additional shares and now holds a total of 327,970 shares of American International Group Inc which is valued at $17,894,043. American International Group Inc makes up approx 0.23% of Nisa Investment Advisors’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in AIG by selling 59,355 shares or 8.82% in the most recent quarter. The Hedge Fund company now holds 613,896 shares of AIG which is valued at $32,542,627. American International Group Inc makes up approx 0.14% of Bnp Paribas Arbitrage Sa’s portfolio.

American International Group Inc closed down -0.35 points or -0.64% at $54.44 with 59,37,415 shares getting traded on Friday. Post opening the session at $54.43, the shares hit an intraday low of $54.17 and an intraday high of $54.65 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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. 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.

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