Boyle Capital Management buys $17,798,947 stake in American International Group Inc (AIG)

American International Group Inc (AIG) : Boyle Capital Management scooped up 2,122 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 12, 2016. The investment management firm now holds a total of 302,446 shares of American International Group Inc which is valued at $17,798,947.American International Group Inc makes up approximately 19.59% of Boyle Capital Management’s portfolio.

Other Hedge Funds, Including , Raymond James Financial Services Advisors reduced its stake in AIG by selling 2,579 shares or 5.18% in the most recent quarter. The Hedge Fund company now holds 47,211 shares of AIG which is valued at $2,778,367. American International Group Inc makes up approx 0.03% of Raymond James Financial Services Advisors’s portfolio.King Luther Capital Management Corp boosted its stake in AIG in the latest quarter, The investment management firm added 3,608 additional shares and now holds a total of 15,250 shares of American International Group Inc which is valued at $897,463. American International Group Inc makes up approx 0.01% of King Luther Capital Management Corp’s portfolio.Strategy Asset Managers reduced its stake in AIG by selling 1,420 shares or 0.82% in the most recent quarter. The Hedge Fund company now holds 172,082 shares of AIG which is valued at $10,170,046. American International Group Inc makes up approx 2.25% of Strategy Asset Managers’s portfolio.South Texas Money Management Ltd reduced its stake in AIG by selling 15,942 shares or 39.77% in the most recent quarter. The Hedge Fund company now holds 24,140 shares of AIG which is valued at $1,402,534. American International Group Inc makes up approx 0.08% of South Texas Money Management Ltd’s portfolio.

American International Group Inc opened for trading at $59.15 and hit $59.7399 on the upside on Monday, eventually ending the session at $59.43, with a gain of 0.69% or 0.41 points. The heightened volatility saw the trading volume jump to 36,75,949 shares. Company has a market cap of $63,629 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.

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 was Upgraded by Wells Fargo to ” Outperform” on May 17, 2016.

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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