Delta Capital Management Exits Position in American International Group Inc (AIG)

American International Group Inc (AIG) : Delta Capital Management has sold out all of its stake in American International Group Inc during the most recent quarter, according to the disclosure filed by the company on Aug 1, 2016 with the SEC. The investment management company has sold out 40,203 shares of American International Group Inc which is valued at $2,335,794.

Other Hedge Funds, Including , Boston Private Wealth reduced its stake in AIG by selling 16,862 shares or 16.78% in the most recent quarter. The Hedge Fund company now holds 83,612 shares of AIG which is valued at $4,857,857. American International Group Inc makes up approx 0.19% of Boston Private Wealth’s portfolio.Addison Capital Co reduced its stake in AIG by selling 1,260 shares or 2.31% in the most recent quarter. The Hedge Fund company now holds 53,359 shares of AIG which is valued at $2,914,469. American International Group Inc makes up approx 2.53% of Addison Capital Co’s portfolio. Anderson Hoagland Co sold out all of its stake in AIG during the most recent quarter. The investment firm sold 12,475 shares of AIG which is valued $680,761.Sumitomo Life Insurance Co reduced its stake in AIG by selling 24,436 shares or 32.03% in the most recent quarter. The Hedge Fund company now holds 51,848 shares of AIG which is valued at $2,828,827. American International Group Inc makes up approx 0.38% of Sumitomo Life Insurance Co’s portfolio. Kistler-tiffany Companies added AIG to its portfolio by purchasing 15 company shares during the most recent quarter which is valued at $795.

American International Group Inc closed down -0.49 points or -0.84% at $57.61 with 82,57,399 shares getting traded on Thursday. Post opening the session at $58.09, the shares hit an intraday low of $57.58 and an intraday high of $58.25 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.

Many Wall Street Analysts have commented on American International Group Inc. 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. Shares were Reiterated by FBR Capital on May 10, 2016 to “Mkt Perform” and Lowered the Price Target to $ 53 from a previous price target of $56 .

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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