Eos Management Lowers stake in American International Group Inc (AIG)

American International Group Inc (AIG) : Eos Management reduced its stake in American International Group Inc by 25.0% during the most recent quarter end. The investment management company now holds a total of 30,000 shares of American International Group Inc which is valued at $1,669,800 after selling 10,000 shares in American International Group Inc , the firm said in a disclosure report filed with the SEC on May 9, 2016.American International Group Inc makes up approximately 1.36% of Eos Management’s portfolio.

Other Hedge Funds, Including , Eos Focused Equity Management sold out all of its stake in AIG during the most recent quarter. The investment firm sold 40,400 shares of AIG which is valued $2,248,664.Mayo Investment Advisers boosted its stake in AIG in the latest quarter, The investment management firm added 60,850 additional shares and now holds a total of 317,800 shares of American International Group Inc which is valued at $17,491,712. American International Group Inc makes up approx 3.09% of Mayo Investment Advisers’s portfolio.Ngam Advisors boosted its stake in AIG in the latest quarter, The investment management firm added 18,164 additional shares and now holds a total of 344,220 shares of American International Group Inc which is valued at $18,945,869. American International Group Inc makes up approx 0.28% of Ngam Advisors’s portfolio.Pointe Capital Management boosted its stake in AIG in the latest quarter, The investment management firm added 436 additional shares and now holds a total of 3,707 shares of American International Group Inc which is valued at $206,925. American International Group Inc makes up approx 0.16% of Pointe Capital Management’s portfolio.Whittier Trust Co boosted its stake in AIG in the latest quarter, The investment management firm added 16,201 additional shares and now holds a total of 106,922 shares of American International Group Inc which is valued at $5,968,386. American International Group Inc makes up approx 0.26% of Whittier Trust Co’s portfolio.

American International Group Inc closed down -0.63 points or -1.12% at $55.66 with 59,39,673 shares getting traded on Friday. Post opening the session at $56.23, the shares hit an intraday low of $55.61 and an intraday high of $56.7 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

Many Wall Street Analysts have commented on American International Group Inc. 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. Company shares were Reiterated by UBS on May 5, 2016 to “Neutral”, Firm has raised the Price Target to $ 57 from a previous price target of $55 .

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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