Silver Point Capital buys $135,631,440 stake in American International Group Inc (AIG)

American International Group Inc (AIG) : Silver Point Capital scooped up 277,000 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 Nov 14, 2016. The investment management firm now holds a total of 2,142,000 shares of American International Group Inc which is valued at $135,631,440.American International Group Inc makes up approximately 16.33% of Silver Point Capital’s portfolio.

Other Hedge Funds, Including , Schonfeld Strategic Advisors added AIG to its portfolio by purchasing 3,622 company shares during the most recent quarter which is valued at $233,438. American International Group Inc makes up approx 0.04% of Schonfeld Strategic Advisors’s portfolio. Airain Ltd added AIG to its portfolio by purchasing 123,498 company shares during the most recent quarter which is valued at $7,320,961. American International Group Inc makes up approx 0.45% of Airain Ltd’s portfolio. Guyasuta Investment Advisors Inc sold out all of its stake in AIG during the most recent quarter. The investment firm sold 12,675 shares of AIG which is valued $737,051.State Treasurer State Of Michigan reduced its stake in AIG by selling 33,800 shares or 8.6% in the most recent quarter. The Hedge Fund company now holds 359,072 shares of AIG which is valued at $21,741,810. American International Group Inc makes up approx 0.18% of State Treasurer State Of Michigan’s portfolio.World Asset Management Inc reduced its stake in AIG by selling 7,769 shares or 6.62% in the most recent quarter. The Hedge Fund company now holds 109,517 shares of AIG which is valued at $6,757,199. American International Group Inc makes up approx 0.24% of World Asset Management Inc’s portfolio.

American International Group Inc closed down -0.32 points or -0.50% at $63.91 with 44,61,995 shares getting traded on Monday. Post opening the session at $64.14, the shares hit an intraday low of $63.45 and an intraday high of $64.23 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, American International Group Inc reported $1.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $1.20.Analysts expectations of $ 13184.00.During the same quarter in the previous year, the company posted $0.52 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.

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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