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

American International Group Inc (AIG) : Aviance Capital Management reduced its stake in American International Group Inc by 55.8% during the most recent quarter end. The investment management company now holds a total of 185,720 shares of American International Group Inc which is valued at $10,144,026 after selling 234,438 shares in American International Group Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.American International Group Inc makes up approximately 0.30% of Aviance Capital Management’s portfolio.

Other Hedge Funds, Including , Boston Advisors reduced its stake in AIG by selling 30,445 shares or 46.45% in the most recent quarter. The Hedge Fund company now holds 35,102 shares of AIG which is valued at $1,917,271. American International Group Inc makes up approx 0.05% of Boston Advisors’s portfolio.Miller Howard Investments Inc Ny reduced its stake in AIG by selling 37,717 shares or 67.95% in the most recent quarter. The Hedge Fund company now holds 17,789 shares of AIG which is valued at $971,635. American International Group Inc makes up approx 0.02% of Miller Howard Investments Inc Ny’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.

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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