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

American International Group Inc (AIG) : Ipswich Investment Management reduced its stake in American International Group Inc by 2.49% during the most recent quarter end. The investment management company now holds a total of 45,930 shares of American International Group Inc which is valued at $2,668,533 after selling 1,174 shares in American International Group Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.American International Group Inc makes up approximately 1.30% of Ipswich Investment Management’s portfolio.

Other Hedge Funds, Including , Bbva Compass Bancshares Inc boosted its stake in AIG in the latest quarter, The investment management firm added 4,178 additional shares and now holds a total of 77,333 shares of American International Group Inc which is valued at $4,210,009. American International Group Inc makes up approx 0.31% of Bbva Compass Bancshares Inc’s portfolio.Marathon Asset Management Llp boosted its stake in AIG in the latest quarter, The investment management firm added 2,509 additional shares and now holds a total of 134,814 shares of American International Group Inc which is valued at $7,355,452. American International Group Inc makes up approx 0.15% of Marathon Asset Management Llp’s portfolio.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.Daiwa Sb Investments Ltd. boosted its stake in AIG in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 1,070 shares of American International Group Inc which is valued at $56,721. American International Group Inc makes up approx 0.02% of Daiwa Sb Investments Ltd.’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.

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.

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