American International Group Inc (AIG) : Clinton Group Inc added new position in American International Group Inc during the most recent quarter end. The investment management firm now holds 497,732 shares of American International Group Inc which is valued at $29,291,528 , the company said in a statement filed on Aug 12, 2016 with the SEC.American International Group Inc makes up approximately 1.23% of Clinton Group Inc’s portfolio.
Other Hedge Funds, Including , Lba Wealth Management added AIG to its portfolio by purchasing 27 company shares during the most recent quarter which is valued at $1,589.Wesbanco Bank Inc reduced its stake in AIG by selling 2,522 shares or 11.56% in the most recent quarter. The Hedge Fund company now holds 19,302 shares of AIG which is valued at $1,142,292. American International Group Inc makes up approx 0.07% of Wesbanco Bank Inc’s portfolio.Agf Investments reduced its stake in AIG by selling 62,617 shares or 17.35% in the most recent quarter. The Hedge Fund company now holds 298,359 shares of AIG which is valued at $17,334,658. American International Group Inc makes up approx 0.19% of Agf Investments’s portfolio.Integrated Wealth Management boosted its stake in AIG in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 1,548 shares of American International Group Inc which is valued at $89,939. American International Group Inc makes up approx 0.03% of Integrated Wealth Management’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.