Graybill Bartz Assoc Ltd Lowers stake in American International Group Inc (AIG)

American International Group Inc (AIG) : Graybill Bartz Assoc Ltd reduced its stake in American International Group Inc by 35.75% during the most recent quarter end. The investment management company now holds a total of 33,495 shares of American International Group Inc which is valued at $1.8 Million after selling 18,640 shares in American International Group Inc according to a report filed by the company on Apr 5, 2016 with the SEC.American International Group Inc makes up approximately 1.64% of Graybill Bartz Assoc Ltd’s portfolio.

Other Hedge Funds, Including , Hollencrest Securities boosted its stake in AIG in the latest quarter, The investment management firm added 373 additional shares and now holds a total of 9,792 shares of American International Group Inc which is valued at $522,991. American International Group Inc makes up approx 0.09% of Hollencrest Securities’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 opened for trading at $53.44 and hit $53.76 on the upside on Monday, eventually ending the session at $53.41, with a gain of 0.47% or 0.25 points. The heightened volatility saw the trading volume jump to 51,87,097 shares. Company has a market cap of $61,392 M.

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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