Addison Capital Co Lowers stake in American International Group Inc (AIG)

American International Group Inc (AIG) : Addison Capital Co reduced its stake in American International Group Inc by 2.71% during the most recent quarter end. The investment management company now holds a total of 54,619 shares of American International Group Inc which is valued at $3,001,314 after selling 1,520 shares in American International Group Inc , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.American International Group Inc makes up approximately 2.26% of Addison Capital Co’s portfolio.

American International Group Inc closed down -0.31 points or -0.56% at $54.95 with 69,28,751 shares getting traded on Friday. Post opening the session at $55.59, the shares hit an intraday low of $54.86 and an intraday high of $55.59 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Proficio Capital Partners reduced its stake in AIG by selling 140 shares or 75.68% in the most recent quarter. The Hedge Fund company now holds 45 shares of AIG which is valued at $2,403.British Columbia Investment Management Corp boosted its stake in AIG in the latest quarter, The investment management firm added 5,300 additional shares and now holds a total of 486,008 shares of American International Group Inc which is valued at $25,957,687. American International Group Inc makes up approx 0.25% of British Columbia Investment Management Corp’s portfolio.Chevy Chase Trust Holdings reduced its stake in AIG by selling 42,770 shares or 2.42% in the most recent quarter. The Hedge Fund company now holds 1,721,550 shares of AIG which is valued at $91,947,986. American International Group Inc makes up approx 0.53% of Chevy Chase Trust Holdings’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.

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