Concannon Wealth Management adds American International Group Inc (AIG) to its portfolio

American International Group Inc (AIG) : Concannon Wealth Management added new position in American International Group Inc during the most recent quarter end. The investment management firm now holds 21 shares of American International Group Inc which is valued at $1,180 , the company said in a statement filed on Apr 21, 2016 with the SEC.

American International Group Inc 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 , Visionary Asset Management sold out all of its stake in AIG during the most recent quarter. The investment firm sold 5,860 shares of AIG which is valued $322,007. F&v Capital Management sold out all of its stake in AIG during the most recent quarter. The investment firm sold 3,500 shares of AIG which is valued $192,325.Exchange Capital Management reduced its stake in AIG by selling 390 shares or 0.46% in the most recent quarter. The Hedge Fund company now holds 84,687 shares of AIG which is valued at $4,653,551. American International Group Inc makes up approx 1.98% of Exchange Capital Management’s portfolio.Central Trust Co reduced its stake in AIG by selling 820 shares or 7.43% in the most recent quarter. The Hedge Fund company now holds 10,209 shares of AIG which is valued at $560,985. American International Group Inc makes up approx 0.04% of Central Trust Co’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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