Kensico Capital Management Corp Lowers stake in American International Group Inc (AIG)

American International Group Inc (AIG) : Kensico Capital Management Corp reduced its stake in American International Group Inc by 1.47% during the most recent quarter end. The investment management company now holds a total of 8,692,589 shares of American International Group Inc which is valued at $560,237,361 after selling 130,000 shares in American International Group Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.American International Group Inc makes up approximately 10.30% of Kensico Capital Management Corp’s portfolio.

Other Hedge Funds, Including , First Allied Advisory Services reduced its stake in AIG by selling 2,611 shares or 31.86% in the most recent quarter. The Hedge Fund company now holds 5,583 shares of AIG which is valued at $359,824. American International Group Inc makes up approx 0.02% of First Allied Advisory Services’s portfolio.Welch Capital Partnersny reduced its stake in AIG by selling 95 shares or 0.08% in the most recent quarter. The Hedge Fund company now holds 119,262 shares of AIG which is valued at $7,308,375. American International Group Inc makes up approx 2.47% of Welch Capital Partnersny’s portfolio.Quadrant Capital Group boosted its stake in AIG in the latest quarter, The investment management firm added 67 additional shares and now holds a total of 1,126 shares of American International Group Inc which is valued at $68,179. American International Group Inc makes up approx 0.04% of Quadrant Capital Group’s portfolio.Acadian Asset Management reduced its stake in AIG by selling 9,685 shares or 12.47% in the most recent quarter. The Hedge Fund company now holds 67,979 shares of AIG which is valued at $4,127,005. American International Group Inc makes up approx 0.02% of Acadian Asset Management’s portfolio.Davenport Co reduced its stake in AIG by selling 3,100 shares or 23.25% in the most recent quarter. The Hedge Fund company now holds 10,232 shares of AIG which is valued at $618,934. American International Group Inc makes up approx 0.01% of Davenport Co’s portfolio.

American International Group Inc closed down -0.32 points or -0.50% at $63.91 with 44,61,995 shares getting traded on Monday. Post opening the session at $64.14, the shares hit an intraday low of $63.45 and an intraday high of $64.23 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, American International Group Inc reported $1.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $1.20.Analysts expectations of $ 13184.00.During the same quarter in the previous year, the company posted $0.52 EPS.

Many Wall Street Analysts have commented on American International Group Inc. Credit Suisse Initiated American International Group Inc on Oct 7, 2016 to “Neutral”, Price Target of the shares are set at $60.

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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