Ajo Lp Lowers stake in American International Group Inc (AIG)

American International Group Inc (AIG) : Ajo Lp reduced its stake in American International Group Inc by 6.06% during the most recent quarter end. The investment management company now holds a total of 5,728,854 shares of American International Group Inc which is valued at $340,236,639 after selling 369,318 shares in American International Group Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.American International Group Inc makes up approximately 1.45% of Ajo Lp’s portfolio.

Other Hedge Funds, Including , First Personal Financial Services added AIG to its portfolio by purchasing 1,395 company shares during the most recent quarter which is valued at $82,849. American International Group Inc makes up approx 0.03% of First Personal Financial Services’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.Standard Life Investments Ltd boosted its stake in AIG in the latest quarter, The investment management firm added 33,662 additional shares and now holds a total of 4,559,523 shares of American International Group Inc which is valued at $249,041,146. American International Group Inc makes up approx 1.09% of Standard Life Investments Ltd’s portfolio.Shikiar Asset Management Inc reduced its stake in AIG by selling 44,000 shares or 87.13% in the most recent quarter. The Hedge Fund company now holds 6,500 shares of AIG which is valued at $355,030. American International Group Inc makes up approx 0.15% of Shikiar Asset Management Inc’s portfolio.Webster Bank N. A. reduced its stake in AIG by selling 25 shares or 0.5% in the most recent quarter. The Hedge Fund company now holds 4,980 shares of AIG which is valued at $267,974. American International Group Inc makes up approx 0.04% of Webster Bank N. A.’s portfolio.

American International Group Inc closed down -0.28 points or -0.47% at $59.03 with 41,46,084 shares getting traded on Wednesday. Post opening the session at $59.26, the shares hit an intraday low of $58.94 and an intraday high of $59.4 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 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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