Moon Capital Management Lowers stake in American International Group Inc (AIG)

American International Group Inc (AIG) : Moon Capital Management reduced its stake in American International Group Inc by 1.34% during the most recent quarter end. The investment management company now holds a total of 89,965 shares of American International Group Inc which is valued at $4,943,577 after selling 1,225 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 6.24% of Moon Capital Management’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.Grassi Investment Management reduced its stake in AIG by selling 68,660 shares or 83.37% in the most recent quarter. The Hedge Fund company now holds 13,700 shares of AIG which is valued at $752,815. American International Group Inc makes up approx 0.15% of Grassi Investment Management’s portfolio.River Mercantile Asset Management Llp reduced its stake in AIG by selling 17,483 shares or 45.16% in the most recent quarter. The Hedge Fund company now holds 21,230 shares of AIG which is valued at $1,133,894. American International Group Inc makes up approx 0.74% of River Mercantile Asset Management Llp’s portfolio.Eqis Capital Management boosted its stake in AIG in the latest quarter, The investment management firm added 840 additional shares and now holds a total of 7,564 shares of American International Group Inc which is valued at $403,993. American International Group Inc makes up approx 0.03% of Eqis Capital Management’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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