Perry Corp Lowers stake in American International Group Inc (AIG)

American International Group Inc (AIG) : Perry Corp reduced its stake in American International Group Inc by 9.62% during the most recent quarter end. The investment management company now holds a total of 5,211,804 shares of American International Group Inc which is valued at $290.1 Million after selling 555,048 shares in American International Group Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.American International Group Inc makes up approximately 18.21% of Perry Corp’s portfolio.

Other Hedge Funds, Including , Poplar Forest Capital reduced its stake in AIG by selling 9,676 shares or 1.09% in the most recent quarter. The Hedge Fund company now holds 878,773 shares of AIG which is valued at $48.9 Million. American International Group Inc makes up approx 4.24% of Poplar Forest Capital’s portfolio.King Luther Capital Management Corp boosted its stake in AIG in the latest quarter, The investment management firm added 826 additional shares and now holds a total of 11,642 shares of American International Group Inc which is valued at $647,994. American International Group Inc makes up approx 0.01% of King Luther Capital Management Corp’s portfolio.Mosaic Family Wealth reduced its stake in AIG by selling 6 shares or 6.32% in the most recent quarter. The Hedge Fund company now holds 89 shares of AIG which is valued at $4,954.Greystone Investment Management reduced its stake in AIG by selling 20 shares or 0.13% in the most recent quarter. The Hedge Fund company now holds 14,970 shares of AIG which is valued at $823,949. American International Group Inc makes up approx 0.35% of Greystone Investment Management’s portfolio.

American International Group Inc opened for trading at $57.82 and hit $58.36 on the upside on Wednesday, eventually ending the session at $58.05, with a gain of 0.61% or 0.35 points. The heightened volatility saw the trading volume jump to 51,49,086 shares. Company has a market cap of $64,960 M.

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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