Blue Bell Private Wealth Management Lowers stake in American International Group Inc (AIG)

American International Group Inc (AIG) : Blue Bell Private Wealth Management reduced its stake in American International Group Inc by 3.18% during the most recent quarter end. The investment management company now holds a total of 28,930 shares of American International Group Inc which is valued at $1,731,750 after selling 950 shares in American International Group Inc , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.American International Group Inc makes up approximately 1.03% of Blue Bell Private Wealth Management’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund reduced its stake in AIG by selling 108 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 266,996 shares of AIG which is valued at $15,982,381. American International Group Inc makes up approx 0.36% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Hexavest reduced its stake in AIG by selling 1,036,821 shares or 99.79% in the most recent quarter. The Hedge Fund company now holds 2,233 shares of AIG which is valued at $133,667. Cardinal Capital Management added AIG to its portfolio by purchasing 180 company shares during the most recent quarter which is valued at $10,782.Beacon Financial Group reduced its stake in AIG by selling 485 shares or 9.69% in the most recent quarter. The Hedge Fund company now holds 4,518 shares of AIG which is valued at $270,628. American International Group Inc makes up approx 0.06% of Beacon Financial Group’s portfolio.

American International Group Inc opened for trading at $60.14 and hit $60.69 on the upside on Friday, eventually ending the session at $59.86, with a gain of 0.45% or 0.27 points. The heightened volatility saw the trading volume jump to 52,07,790 shares. Company has a market cap of $64,090 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. Credit Suisse Initiated American International Group Inc on Oct 7, 2016 to “Neutral”, Price Target of the shares are set at $60.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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