Daniel Devine Co buys $2,198,000 stake in American International Group Inc (AIG)

American International Group Inc (AIG) : Daniel Devine Co scooped up 10,000 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 Apr 13, 2016. The investment management firm now holds a total of 40,000 shares of American International Group Inc which is valued at $2,198,000.American International Group Inc makes up approximately 1.41% of Daniel Devine Co’s portfolio.

American International Group Inc opened for trading at $54.92 and hit $55.31 on the upside on Monday, eventually ending the session at $55.28, with a gain of 0.60% or 0.33 points. The heightened volatility saw the trading volume jump to 86,91,293 shares. Company has a market cap of $63,541 M.

Other Hedge Funds, Including , Independent Portfolio Consultants boosted its stake in AIG in the latest quarter, The investment management firm added 795 additional shares and now holds a total of 28,587 shares of American International Group Inc which is valued at $1,570,856. American International Group Inc makes up approx 0.43% of Independent Portfolio Consultants’s portfolio.Webster Bank N. A. boosted its stake in AIG in the latest quarter, The investment management firm added 710 additional shares and now holds a total of 5,005 shares of American International Group Inc which is valued at $275,025. American International Group Inc makes up approx 0.04% of Webster Bank N. A.’s portfolio. Integral Derivatives sold out all of its stake in AIG during the most recent quarter. The investment firm sold 113,882 shares of AIG which is valued $6,257,816.Addison Capital Co reduced its stake in AIG by selling 1,520 shares or 2.71% in the most recent quarter. The Hedge Fund company now holds 54,619 shares of AIG which is valued at $3,001,314. American International Group Inc makes up approx 2.26% of Addison Capital Co’s portfolio.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.

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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