Granite Investment Advisors Lowers stake in American International Group Inc (AIG)

American International Group Inc (AIG) : Granite Investment Advisors reduced its stake in American International Group Inc by 1.9% during the most recent quarter end. The investment management company now holds a total of 197,891 shares of American International Group Inc which is valued at $11,046,276 after selling 3,836 shares in American International Group Inc , the firm said in a disclosure report filed with the SEC on Apr 26, 2016.American International Group Inc makes up approximately 2.21% of Granite Investment Advisors’s portfolio.

American International Group Inc opened for trading at $56.38 and hit $56.8 on the upside on Monday, eventually ending the session at $56.59, with a gain of 1.38% or 0.77 points. The heightened volatility saw the trading volume jump to 91,66,276 shares. Company has a market cap of $65,047 M.

Other Hedge Funds, Including , Huntington National Bank reduced its stake in AIG by selling 18,140 shares or 53.77% in the most recent quarter. The Hedge Fund company now holds 15,595 shares of AIG which is valued at $870,513. American International Group Inc makes up approx 0.02% of Huntington National Bank’s portfolio. Raymond James Trust N.a. sold out all of its stake in AIG during the most recent quarter. The investment firm sold 3,291 shares of AIG which is valued $184,921.Kirr Marbach Co In reduced its stake in AIG by selling 1,827 shares or 0.68% in the most recent quarter. The Hedge Fund company now holds 268,371 shares of AIG which is valued at $15,079,766. American International Group Inc makes up approx 3.04% of Kirr Marbach Co In’s portfolio. Santa Fe Partners sold out all of its stake in AIG during the most recent quarter. The investment firm sold 27,238 shares of AIG which is valued $1,496,728.Benjamin F. Edwards Company boosted its stake in AIG in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 1,562 shares of American International Group Inc which is valued at $85,832. American International Group Inc makes up approx 0.02% of Benjamin F. Edwards Company’s portfolio.

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. 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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