Van Hulzen Asset Management Lowers stake in American International Group Inc (AIG)

American International Group Inc (AIG) : Van Hulzen Asset Management reduced its stake in American International Group Inc by 1.28% during the most recent quarter end. The investment management company now holds a total of 53,784 shares of American International Group Inc which is valued at $3,165,188 after selling 700 shares in American International Group Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.American International Group Inc makes up approximately 1.75% of Van Hulzen Asset Management’s portfolio.

Other Hedge Funds, Including , Snow Capital Management Lp reduced its stake in AIG by selling 31,451 shares or 23.76% in the most recent quarter. The Hedge Fund company now holds 100,908 shares of AIG which is valued at $5,938,436. American International Group Inc makes up approx 0.26% of Snow Capital Management Lp’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in AIG by selling 44,869 shares or 3.24% in the most recent quarter. The Hedge Fund company now holds 1,340,124 shares of AIG which is valued at $72,956,351. American International Group Inc makes up approx 0.58% of Public Employees Retirement Association Of Colorado’s portfolio.Kirr Marbach Co In boosted its stake in AIG in the latest quarter, The investment management firm added 1,162 additional shares and now holds a total of 269,533 shares of American International Group Inc which is valued at $14,721,892. American International Group Inc makes up approx 2.96% of Kirr Marbach Co In’s portfolio.Ferguson Wellman Capital Management Inc reduced its stake in AIG by selling 525,228 shares or 96.93% in the most recent quarter. The Hedge Fund company now holds 16,611 shares of AIG which is valued at $906,296. American International Group Inc makes up approx 0.04% of Ferguson Wellman Capital Management Inc’s portfolio.

American International Group Inc opened for trading at $59.25 and hit $59.35 on the upside on Tuesday, eventually ending the session at $59.02, with a gain of 0.05% or 0.03 points. The heightened volatility saw the trading volume jump to 40,52,471 shares. Company has a market cap of $63,190 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.

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