Contrarius Investment Management Ltd Lowers stake in American International Group Inc (AIG)

American International Group Inc (AIG) : Contrarius Investment Management Ltd reduced its stake in American International Group Inc by 14.65% during the most recent quarter end. The investment management company now holds a total of 100,587 shares of American International Group Inc which is valued at $5,844,105 after selling 17,265 shares in American International Group Inc , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.American International Group Inc makes up approximately 0.45% of Contrarius Investment Management Ltd’s portfolio.

Other Hedge Funds, Including , Edgemoor Investment Advisors sold out all of its stake in AIG during the most recent quarter. The investment firm sold 228,080 shares of AIG which is valued $13,251,448.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.

American International Group Inc opened for trading at $59.43 and hit $59.81 on the upside on Monday, eventually ending the session at $59.39, with a gain of 0.49% or 0.29 points. The heightened volatility saw the trading volume jump to 53,83,258 shares. Company has a market cap of $63,586 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 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. 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. (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.

Leave a Reply

American International Group Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on American International Group Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.