Fairholme Capital Management Exits Position in American International Group Inc (AIG)

American International Group Inc (AIG) : Fairholme Capital Management 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 15, 2016 with the SEC. The investment management company has sold out 271,560 shares of American International Group Inc which is valued at $15,981,306.

Other Hedge Funds, Including , Compagnie Lombard Odier Scma reduced its stake in AIG by selling 900 shares or 10.04% in the most recent quarter. The Hedge Fund company now holds 8,060 shares of AIG which is valued at $474,331. American International Group Inc makes up approx 0.01% of Compagnie Lombard Odier Scma’s portfolio.Dimensional Fund Advisors Lp reduced its stake in AIG by selling 123,283 shares or 1.73% in the most recent quarter. The Hedge Fund company now holds 7,012,264 shares of AIG which is valued at $416,458,359. American International Group Inc makes up approx 0.23% of Dimensional Fund Advisors Lp’s portfolio. Hedeker Wealth sold out all of its stake in AIG during the most recent quarter. The investment firm sold 4,366 shares of AIG which is valued $237,685.Berkshire Asset Managementpa reduced its stake in AIG by selling 16,931 shares or 46.83% in the most recent quarter. The Hedge Fund company now holds 19,220 shares of AIG which is valued at $1,048,835. American International Group Inc makes up approx 0.16% of Berkshire Asset Managementpa’s portfolio.

American International Group Inc closed down -0.08 points or -0.13% at $59.37 with 4,488,233 shares getting traded on Wednesday. Post opening the session at $59.32, the shares hit an intraday low of $58.94 and an intraday high of $59.51 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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. (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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