Private Bank Trust Co Lowers stake in American International Group Inc (AIG)

American International Group Inc (AIG) : Private Bank Trust Co reduced its stake in American International Group Inc by 0.87% during the most recent quarter end. The investment management company now holds a total of 25,736 shares of American International Group Inc which is valued at $1,533,608 after selling 227 shares in American International Group Inc , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.American International Group Inc makes up approximately 0.24% of Private Bank Trust Co’s portfolio.

Other Hedge Funds, Including , Dalton Greiner Hartman Maher Co reduced its stake in AIG by selling 75,196 shares or 33.13% in the most recent quarter. The Hedge Fund company now holds 151,795 shares of AIG which is valued at $9,045,464. American International Group Inc makes up approx 0.60% of Dalton Greiner Hartman Maher Co’s portfolio.Creative Planning boosted its stake in AIG in the latest quarter, The investment management firm added 6,597 additional shares and now holds a total of 57,493 shares of American International Group Inc which is valued at $3,441,531. American International Group Inc makes up approx 0.02% of Creative Planning’s portfolio.Hollencrest Securities reduced its stake in AIG by selling 35 shares or 0.38% in the most recent quarter. The Hedge Fund company now holds 9,284 shares of AIG which is valued at $555,740. American International Group Inc makes up approx 0.08% of Hollencrest Securities’s portfolio.Independent Portfolio Consultants reduced its stake in AIG by selling 1,640 shares or 5.47% in the most recent quarter. The Hedge Fund company now holds 28,342 shares of AIG which is valued at $1,697,686. American International Group Inc makes up approx 0.53% of Independent Portfolio Consultants’s portfolio.Chevy Chase Trust Holdings reduced its stake in AIG by selling 100,604 shares or 6.03% in the most recent quarter. The Hedge Fund company now holds 1,568,579 shares of AIG which is valued at $93,957,882. American International Group Inc makes up approx 0.52% of Chevy Chase Trust Holdings’s portfolio.

American International Group Inc closed down -0.58 points or -0.96% at $59.86 with 51,70,858 shares getting traded on Tuesday. Post opening the session at $60.11, the shares hit an intraday low of $59.505 and an intraday high of $60.38 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. Credit Suisse Initiated American International Group Inc on Oct 7, 2016 to “Neutral”, Price Target of the shares are set at $60.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. (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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