American International Group Inc (AIG) : Baldwin Brothers Incma reduced its stake in American International Group Inc by 2.31% during the most recent quarter end. The investment management company now holds a total of 143,175 shares of American International Group Inc which is valued at $8,425,849 after selling 3,385 shares in American International Group Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.American International Group Inc makes up approximately 1.68% of Baldwin Brothers Incma’s portfolio.
Other Hedge Funds, Including , Raymond James Associates reduced its stake in AIG by selling 70,402 shares or 48.89% in the most recent quarter. The Hedge Fund company now holds 73,589 shares of AIG which is valued at $4,330,713. American International Group Inc makes up approx 0.01% of Raymond James Associates’s portfolio. Fuller Thaler Asset Management sold out all of its stake in AIG during the most recent quarter. The investment firm sold 14,700 shares of AIG which is valued $868,770.State Treasurer State Of Michigan reduced its stake in AIG by selling 85,000 shares or 17.79% in the most recent quarter. The Hedge Fund company now holds 392,872 shares of AIG which is valued at $22,825,863. American International Group Inc makes up approx 0.17% of State Treasurer State Of Michigan’s portfolio.Tokio Marine Asset Management Co Ltd reduced its stake in AIG by selling 2,482 shares or 7.18% in the most recent quarter. The Hedge Fund company now holds 32,063 shares of AIG which is valued at $1,751,281. American International Group Inc makes up approx 0.17% of Tokio Marine Asset Management Co Ltd’s portfolio.
American International Group Inc opened for trading at $59.25 and hit $59.35 on the upside on Tuesday, eventually ending the session at $59.02, with a gain of 0.05% or 0.03 points. The heightened volatility saw the trading volume jump to 40,52,471 shares. Company has a market cap of $63,190 M.
On the company’s financial health, American International Group Inc reported $0.98 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.94.Analysts expectations of $ 13096.15.During the same quarter in the previous year, the company posted $1.39 EPS.
Investors should note that on Aug 2, 2016, American International Group Inc announced a cash dividend of $0.3200. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Sep 29, 2016.
Many Wall Street Analysts have commented on American International Group Inc. Company shares were Reiterated by Deutsche Bank on Aug 11, 2016 to “Hold”, Firm has raised the Price Target to $ 61 from a previous price target of $59 .Company shares were Reiterated by Deutsche Bank on Aug 3, 2016 to “Hold”, Firm has raised the Price Target to $ 59 from a previous price target of $58 .American International Group Inc was Upgraded by Wells Fargo to ” Outperform” on May 17, 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.