Hosking Partners Llp buys $90,772,944 stake in American International Group Inc (AIG)

American International Group Inc (AIG) : Hosking Partners Llp scooped up 120,613 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 9, 2016. The investment management firm now holds a total of 1,630,847 shares of American International Group Inc which is valued at $90,772,944.American International Group Inc makes up approximately 4.28% of Hosking Partners Llp’s portfolio.

Other Hedge Funds, Including , Jackson Park Capital reduced its stake in AIG by selling 10,000 shares or 15.38% in the most recent quarter. The Hedge Fund company now holds 55,000 shares of AIG which is valued at $3,061,300. American International Group Inc makes up approx 3.92% of Jackson Park Capital’s portfolio.Smithfield Trust Co reduced its stake in AIG by selling 480 shares or 11.51% in the most recent quarter. The Hedge Fund company now holds 3,690 shares of AIG which is valued at $203,098. American International Group Inc makes up approx 0.04% of Smithfield Trust Co’s portfolio.Armbruster Capital Management reduced its stake in AIG by selling 650 shares or 89.66% in the most recent quarter. The Hedge Fund company now holds 75 shares of AIG which is valued at $4,128. Telemus Capital added AIG to its portfolio by purchasing 17,103 company shares during the most recent quarter which is valued at $954,689. American International Group Inc makes up approx 0.16% of Telemus Capital’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma reduced its stake in AIG by selling 400 shares or 6.06% in the most recent quarter. The Hedge Fund company now holds 6,200 shares of AIG which is valued at $346,084. American International Group Inc makes up approx 0.01% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’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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