American International Group Inc (AIG) : Hm Payson Co scooped up 20,752 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 8, 2016. The investment management firm now holds a total of 332,362 shares of American International Group Inc which is valued at $19,669,183.American International Group Inc makes up approximately 0.94% of Hm Payson Co’s portfolio.
Other Hedge Funds, Including , Barrow Hanley Mewhinney Strauss boosted its stake in AIG in the latest quarter, The investment management firm added 295,307 additional shares and now holds a total of 5,693,952 shares of American International Group Inc which is valued at $336,968,079. American International Group Inc makes up approx 0.50% of Barrow Hanley Mewhinney Strauss’s portfolio.Contrarius Investment Management Ltd reduced its stake in AIG by selling 17,265 shares or 14.65% in the most recent quarter. The Hedge Fund company now holds 100,587 shares of AIG which is valued at $5,844,105. American International Group Inc makes up approx 0.45% of Contrarius Investment Management Ltd’s portfolio. Burt Wealth Advisors sold out all of its stake in AIG during the most recent quarter. The investment firm sold 23 shares of AIG which is valued $1,256.Davenport Co reduced its stake in AIG by selling 70,310 shares or 84.06% in the most recent quarter. The Hedge Fund company now holds 13,332 shares of AIG which is valued at $717,395. American International Group Inc makes up approx 0.01% of Davenport Co’s portfolio.
American International Group Inc opened for trading at $59.02 and hit $59.34 on the upside on Monday, eventually ending the session at $59.22, with a gain of 0.63% or 0.37 points. The heightened volatility saw the trading volume jump to 34,56,019 shares. Company has a market cap of $63,404 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.