Nepsis Capital Management Lowers stake in American International Group Inc (AIG)

American International Group Inc (AIG) : Nepsis Capital Management reduced its stake in American International Group Inc by 32.74% during the most recent quarter end. The investment management company now holds a total of 104,836 shares of American International Group Inc which is valued at $5,641,225 after selling 51,022 shares in American International Group Inc , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.American International Group Inc makes up approximately 3.12% of Nepsis Capital Management’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp boosted its stake in AIG in the latest quarter, The investment management firm added 1,676 additional shares and now holds a total of 10,600 shares of American International Group Inc which is valued at $570,386. American International Group Inc makes up approx 0.04% of Cutler Group Lp’s portfolio.Webster Bank N. A. reduced its stake in AIG by selling 25 shares or 0.5% in the most recent quarter. The Hedge Fund company now holds 4,980 shares of AIG which is valued at $267,974. American International Group Inc makes up approx 0.04% of Webster Bank N. A.’s portfolio.Carl Domino Inc reduced its stake in AIG by selling 355 shares or 1.31% in the most recent quarter. The Hedge Fund company now holds 26,781 shares of AIG which is valued at $1,419,661. American International Group Inc makes up approx 1.30% of Carl Domino Inc’s portfolio. Kistler-tiffany Companies added AIG to its portfolio by purchasing 15 company shares during the most recent quarter which is valued at $795.

American International Group Inc opened for trading at $54.62 and hit $54.74 on the upside on Friday, eventually ending the session at $54.44, with a gain of 0.07% or 0.04 points. The heightened volatility saw the trading volume jump to 46,94,068 shares. Company has a market cap of $60,920 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. 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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