Silver Point Capital buys $109,755,250 stake in American International Group Inc (AIG)

American International Group Inc (AIG) : Silver Point Capital scooped up 337,000 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 Aug 15, 2016. The investment management firm now holds a total of 1,865,000 shares of American International Group Inc which is valued at $109,755,250.American International Group Inc makes up approximately 11.55% of Silver Point Capital’s portfolio.

Other Hedge Funds, Including , Aviance Capital Partners added AIG to its portfolio by purchasing 5,000 company shares during the most recent quarter which is valued at $294,250. American International Group Inc makes up approx 0.10% of Aviance Capital Partners’s portfolio.Keybank National Associationoh reduced its stake in AIG by selling 871 shares or 4.61% in the most recent quarter. The Hedge Fund company now holds 18,025 shares of AIG which is valued at $1,060,771. American International Group Inc makes up approx 0.01% of Keybank National Associationoh’s portfolio.Fukoku Mutual Life Insurance Co reduced its stake in AIG by selling 1,300 shares or 19.4% in the most recent quarter. The Hedge Fund company now holds 5,400 shares of AIG which is valued at $320,706. American International Group Inc makes up approx 0.06% of Fukoku Mutual Life Insurance Co’s portfolio.

American International Group Inc closed down -0.42 points or -0.70% at $59.41 with 46,77,348 shares getting traded on Thursday. Post opening the session at $59.91, the shares hit an intraday low of $58.99 and an intraday high of $59.99 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.

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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