Rafferty Asset Management buys $9.8 Million stake in American International Group Inc (AIG)

American International Group Inc (AIG) : Rafferty Asset Management scooped up 66,644 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 12, 2016. The investment management firm now holds a total of 176,073 shares of American International Group Inc which is valued at $9.8 Million.American International Group Inc makes up approximately 0.51% of Rafferty Asset Management’s portfolio.

Other Hedge Funds, Including , Mandatum Life Insurance Co Ltd sold out all of its stake in AIG during the most recent quarter. The investment firm sold 100 shares of AIG which is valued $5,566.Cibc Asset Management Inc reduced its stake in AIG by selling 6,884 shares or 4.33% in the most recent quarter. The Hedge Fund company now holds 152,093 shares of AIG which is valued at $8.5 Million. American International Group Inc makes up approx 0.06% of Cibc Asset Management Inc’s portfolio. B T Capital Management Dba Alpha Capital Management added AIG to its portfolio by purchasing 75,388 company shares during the most recent quarter which is valued at $4.1 Million. American International Group Inc makes up approx 2.97% of B T Capital Management Dba Alpha Capital Management’s portfolio.

American International Group Inc opened for trading at $56.65 and hit $57.5 on the upside on Friday, eventually ending the session at $56.97, with a gain of 1.08% or 0.61 points. The heightened volatility saw the trading volume jump to 63,00,243 shares. Company has a market cap of $63,751 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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