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

American International Group Inc (AIG) : Moon Capital Management reduced its stake in American International Group Inc by 2.09% during the most recent quarter end. The investment management company now holds a total of 88,082 shares of American International Group Inc which is valued at $4,806,635 after selling 1,883 shares in American International Group Inc , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.American International Group Inc makes up approximately 5.80% of Moon Capital Management’s portfolio.

Other Hedge Funds, Including , Pennsylvania Trust Co reduced its stake in AIG by selling 1,881 shares or 2.3% in the most recent quarter. The Hedge Fund company now holds 79,727 shares of AIG which is valued at $4,350,702. American International Group Inc makes up approx 0.34% of Pennsylvania Trust Co’s portfolio.Quotient Investors reduced its stake in AIG by selling 3,500 shares or 22.44% in the most recent quarter. The Hedge Fund company now holds 12,100 shares of AIG which is valued at $651,101. American International Group Inc makes up approx 0.30% of Quotient Investors’s portfolio.Community Trust Investment Co boosted its stake in AIG in the latest quarter, The investment management firm added 6,927 additional shares and now holds a total of 361,572 shares of American International Group Inc which is valued at $19,456,189. American International Group Inc makes up approx 2.42% of Community Trust Investment Co’s portfolio.

American International Group Inc opened for trading at $54.58 and hit $54.875 on the upside on Wednesday, eventually ending the session at $54.57, with a gain of 0.20% or 0.11 points. The heightened volatility saw the trading volume jump to 36,80,616 shares. Company has a market cap of $61,066 M.

On the company’s financial health, American International Group Inc reported $0.65 EPS for the quarter, missing the analyst consensus estimate by $ -0.35 based on the information available during the earnings call on May 2, 2016. Analyst had a consensus of $1.00.Analysts expectations of $ 13749.00.During the same quarter in the previous year, the company posted $1.22 EPS.

Many Wall Street Analysts have commented on American International Group Inc. 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 was Resumed by Morgan Stanley to “Equal-Weight” on May 5, 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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