Todd Asset Management buys $58,304,861 stake in American International Group Inc (AIG)

American International Group Inc (AIG) : Todd Asset Management scooped up 24,348 additional shares in American International Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 1,003,526 shares of American International Group Inc which is valued at $58,304,861.American International Group Inc makes up approximately 1.79% of Todd Asset Management’s portfolio.

Other Hedge Funds, Including , Hudock Capital Group boosted its stake in AIG in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 505 shares of American International Group Inc which is valued at $29,341. American International Group Inc makes up approx 0.02% of Hudock Capital Group’s portfolio.First Citizens Bank Trust Co reduced its stake in AIG by selling 5,725 shares or 9.44% in the most recent quarter. The Hedge Fund company now holds 54,949 shares of AIG which is valued at $2,991,424. American International Group Inc makes up approx 0.26% of First Citizens Bank Trust Co’s portfolio.New York State Teachers Retirement System reduced its stake in AIG by selling 218,601 shares or 9.67% in the most recent quarter. The Hedge Fund company now holds 2,042,040 shares of AIG which is valued at $111,536,225. American International Group Inc makes up approx 0.28% of New York State Teachers Retirement System’s portfolio.Bremer Trust National Association boosted its stake in AIG in the latest quarter, The investment management firm added 90 additional shares and now holds a total of 13,631 shares of American International Group Inc which is valued at $744,525. American International Group Inc makes up approx 0.20% of Bremer Trust National Association’s portfolio.British Columbia Investment Management Corp reduced its stake in AIG by selling 50,414 shares or 10.37% in the most recent quarter. The Hedge Fund company now holds 435,594 shares of AIG which is valued at $23,090,838. American International Group Inc makes up approx 0.20% of British Columbia Investment Management Corp’s portfolio.

American International Group Inc closed down -0.49 points or -0.84% at $57.61 with 82,57,399 shares getting traded on Thursday. Post opening the session at $58.09, the shares hit an intraday low of $57.58 and an intraday high of $58.25 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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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