American International Group Inc (AIG) : Starr International Co Inc reduced its stake in American International Group Inc by 0.17% during the most recent quarter end. The investment management company now holds a total of 15,403,383 shares of American International Group Inc which is valued at $847,802,200 after selling 26,792 shares in American International Group Inc , the firm said in a disclosure report filed with the SEC on May 3, 2016.American International Group Inc makes up approximately 85.42% of Starr International Co Inc’s portfolio.
Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan reduced its stake in AIG by selling 3,730 shares or 7.85% in the most recent quarter. The Hedge Fund company now holds 43,760 shares of AIG which is valued at $2,408,550. American International Group Inc makes up approx 0.16% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Cedar Wealth Management boosted its stake in AIG in the latest quarter, The investment management firm added 3,338 additional shares and now holds a total of 3,344 shares of American International Group Inc which is valued at $186,662. American International Group Inc makes up approx 0.13% of Cedar Wealth Management’s portfolio.Quadrant Capital Management boosted its stake in AIG in the latest quarter, The investment management firm added 850 additional shares and now holds a total of 43,776 shares of American International Group Inc which is valued at $2,443,576. American International Group Inc makes up approx 2.05% of Quadrant Capital Management’s portfolio.Private Bank Trust Co reduced its stake in AIG by selling 934 shares or 3.59% in the most recent quarter. The Hedge Fund company now holds 25,100 shares of AIG which is valued at $1,410,369. American International Group Inc makes up approx 0.24% of Private Bank Trust Co’s portfolio.
American International Group Inc opened for trading at $55.39 and hit $56.95 on the upside on Tuesday, eventually ending the session at $56.35, with a gain of 1.99% or 1.1 points. The heightened volatility saw the trading volume jump to 61,04,604 shares. Company has a market cap of $63,057 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.
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.