Seven Bridges Advisors Lowers stake in American International Group Inc (AIG)

American International Group Inc (AIG) : Seven Bridges Advisors reduced its stake in American International Group Inc by 42.23% during the most recent quarter end. The investment management company now holds a total of 28,903 shares of American International Group Inc which is valued at $1,578,682 after selling 21,130 shares in American International Group Inc , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.American International Group Inc makes up approximately 1.30% of Seven Bridges Advisors’s portfolio.

Other Hedge Funds, Including , Daiwa Securities Group reduced its stake in AIG by selling 23,977 shares or 14.07% in the most recent quarter. The Hedge Fund company now holds 146,462 shares of AIG which is valued at $7,999,754. American International Group Inc makes up approx 0.05% of Daiwa Securities Group’s portfolio. Anderson Hoagland Co sold out all of its stake in AIG during the most recent quarter. The investment firm sold 12,475 shares of AIG which is valued $680,761.Davenport Co reduced its stake in AIG by selling 70,310 shares or 84.06% in the most recent quarter. The Hedge Fund company now holds 13,332 shares of AIG which is valued at $717,395. American International Group Inc makes up approx 0.01% of Davenport Co’s portfolio.Dnb Asset Management As reduced its stake in AIG by selling 300 shares or 0.28% in the most recent quarter. The Hedge Fund company now holds 105,394 shares of AIG which is valued at $5,586,936. American International Group Inc makes up approx 0.12% of Dnb Asset Management As’s portfolio.Patten Patten Inctn reduced its stake in AIG by selling 10,366 shares or 5.21% in the most recent quarter. The Hedge Fund company now holds 188,667 shares of AIG which is valued at $10,001,238. American International Group Inc makes up approx 1.37% of Patten Patten Inctn’s portfolio.

American International Group Inc closed down -0.35 points or -0.64% at $54.44 with 59,37,415 shares getting traded on Friday. Post opening the session at $54.43, the shares hit an intraday low of $54.17 and an intraday high of $54.65 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. 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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