Garnet Equity Capital Holdings Exits Position in American International Group Inc (AIG)

American International Group Inc (AIG) : Garnet Equity Capital Holdings has sold out all of its stake in American International Group Inc during the most recent quarter, according to the disclosure filed by the company on Aug 10, 2016 with the SEC. The investment management company has sold out 50,000 shares of American International Group Inc which is valued at $2,942,500.

Other Hedge Funds, Including , Spears Abacus Advisors reduced its stake in AIG by selling 1,770 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 681,148 shares of AIG which is valued at $40,085,560. American International Group Inc makes up approx 4.84% of Spears Abacus Advisors’s portfolio.Tealwood Asset Management Inc boosted its stake in AIG in the latest quarter, The investment management firm added 552 additional shares and now holds a total of 27,352 shares of American International Group Inc which is valued at $1,489,043. American International Group Inc makes up approx 0.64% of Tealwood Asset Management Inc’s portfolio.Jackson Park Capital reduced its stake in AIG by selling 3,000 shares or 5.45% in the most recent quarter. The Hedge Fund company now holds 52,000 shares of AIG which is valued at $2,830,880. American International Group Inc makes up approx 3.67% of Jackson Park Capital’s portfolio.Cumberland Partners Ltd reduced its stake in AIG by selling 27,525 shares or 5.5% in the most recent quarter. The Hedge Fund company now holds 473,292 shares of AIG which is valued at $25,851,209. American International Group Inc makes up approx 3.54% of Cumberland Partners Ltd’s portfolio.Gulf International Bank (uk) Ltd reduced its stake in AIG by selling 26,065 shares or 7.03% in the most recent quarter. The Hedge Fund company now holds 344,851 shares of AIG which is valued at $18,556,432. American International Group Inc makes up approx 0.30% of Gulf International Bank (uk) Ltd’s portfolio.

American International Group Inc closed down -0.12 points or -0.20% at $58.86 with 38,82,836 shares getting traded on Friday. Post opening the session at $58.8, the shares hit an intraday low of $58.45 and an intraday high of $58.98 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 $0.98 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.

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