Bourgeon Capital Management buys $4.8 Million stake in American International Group Inc (AIG)

American International Group Inc (AIG) : Bourgeon Capital Management scooped up 7,200 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 May 11, 2016. The investment management firm now holds a total of 85,575 shares of American International Group Inc which is valued at $4.8 Million.American International Group Inc makes up approximately 3.21% of Bourgeon Capital Management’s portfolio.

Other Hedge Funds, Including , Norinchukin Bank The boosted its stake in AIG in the latest quarter, The investment management firm added 31,732 additional shares and now holds a total of 77,999 shares of American International Group Inc which is valued at $4.3 Million. American International Group Inc makes up approx 0.11% of Norinchukin Bank The’s portfolio.Sentry Investment Management reduced its stake in AIG by selling 8,577 shares or 8.73% in the most recent quarter. The Hedge Fund company now holds 89,726 shares of AIG which is valued at $5 Million. American International Group Inc makes up approx 0.23% of Sentry Investment Management’s portfolio.Bank Pictet Cie (asia) Ltd reduced its stake in AIG by selling 13,235 shares or 11.91% in the most recent quarter. The Hedge Fund company now holds 97,925 shares of AIG which is valued at $5.5 Million. American International Group Inc makes up approx 3.29% of Bank Pictet Cie (asia) Ltd’s portfolio.Profund Advisors reduced its stake in AIG by selling 9,089 shares or 27.05% in the most recent quarter. The Hedge Fund company now holds 24,512 shares of AIG which is valued at $1.3 Million. American International Group Inc makes up approx 0.07% of Profund Advisors’s portfolio. First Long Island Investors sold out all of its stake in AIG during the most recent quarter. The investment firm sold 122,719 shares of AIG which is valued $6.8 Million.

American International Group Inc closed down -0.38 points or -0.68% at $55.28 with 64,19,498 shares getting traded on Monday. Post opening the session at $55.45, the shares hit an intraday low of $55.24 and an intraday high of $55.9 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, American International Group Inc reported $0.65 EPS for the quarter, missing the analyst consensus estimate by $ -0.35 based on the information available during the earnings call on May 2, 2016. Analyst had a consensus of $1.00.Analysts expectations of $ 13749.00.During the same quarter in the previous year, the company posted $1.22 EPS.

Investors should note that on May 2, 2016, American International Group Inc announced a cash dividend of $0.3200. The company’s management has announced Jun 9, 2016 as the ex-dividend date and fixed the record date on Jun 13, 2016. The payable date has been fixed on Jun 27, 2016.

Many Wall Street Analysts have commented on American International Group Inc. American International Group Inc was Upgraded by Wells Fargo to ” Outperform” on May 17, 2016. Shares were Reiterated by FBR Capital on May 10, 2016 to “Mkt Perform” and Lowered the Price Target to $ 53 from a previous price target of $56 .American International Group Inc was Resumed by Morgan Stanley to “Equal-Weight” on May 5, 2016.

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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