Menlo Advisors Lowers stake in American International Group Inc (AIG)

American International Group Inc (AIG) : Menlo Advisors reduced its stake in American International Group Inc by 26.72% during the most recent quarter end. The investment management company now holds a total of 76,908 shares of American International Group Inc which is valued at $4,226,095 after selling 28,045 shares in American International Group Inc , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.American International Group Inc makes up approximately 3.82% of Menlo Advisors’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 , Daniel Devine Co boosted its stake in AIG in the latest quarter, The investment management firm added 10,000 additional shares and 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 approx 1.41% of Daniel Devine Co’s portfolio. Wunderlich Securities sold out all of its stake in AIG during the most recent quarter. The investment firm sold 7,701 shares of AIG which is valued $423,170. 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.Endurance Wealth Management reduced its stake in AIG by selling 3,195 shares or 4.22% in the most recent quarter. The Hedge Fund company now holds 72,431 shares of AIG which is valued at $3,980,083. American International Group Inc makes up approx 0.77% of Endurance Wealth Management’s portfolio.Capstone Asset Management Co reduced its stake in AIG by selling 6,942 shares or 5.9% in the most recent quarter. The Hedge Fund company now holds 110,621 shares of AIG which is valued at $6,078,624. American International Group Inc makes up approx 0.17% of Capstone Asset Management 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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