American Intl Group INC (AIG) Holder Harris Associates LP Upped Holding by $125.30 Million

May 17, 2018 - By James Guidry

American International Group, Inc. (NYSE:AIG) LogoInvestors sentiment decreased to 0.7 in Q4 2017. Its down 0.09, from 0.79 in 2017Q3. It fall, as 85 investors sold AIG shares while 290 reduced holdings. 74 funds opened positions while 189 raised stakes. 747.27 million shares or 0.10% less from 748.00 million shares in 2017Q3 were reported. Pictet Bankshares Tru Limited accumulated 37,720 shares. First Allied Advisory Services invested in 6,672 shares or 0.02% of the stock. Grand Jean Capital Mngmt, California-based fund reported 128,714 shares. Evercore Wealth Management Ltd Liability Co invested 0% in American International Group, Inc. (NYSE:AIG). Community Tru Company invested 1.55% in American International Group, Inc. (NYSE:AIG). Zeke Advsrs Limited Liability Com has 0.12% invested in American International Group, Inc. (NYSE:AIG) for 19,780 shares. Hudock Gp Limited Liability Company holds 0.01% of its portfolio in American International Group, Inc. (NYSE:AIG) for 521 shares. 302,139 were reported by Arizona State Retirement System. Piedmont Invest Advsrs Limited Liability Corporation owns 193,676 shares. Somerset Tru, Pennsylvania-based fund reported 26,622 shares. Alliancebernstein Ltd Partnership, a New York-based fund reported 8.99 million shares. Regions has 171,647 shares for 0.11% of their portfolio. Compton Cap Management Ri reported 14,920 shares. Ngam Advisors Limited Partnership has 0.18% invested in American International Group, Inc. (NYSE:AIG) for 295,129 shares. Century Cos has 22,190 shares.

Since February 15, 2018, it had 2 insider purchases, and 2 insider sales for $47,270 activity. On Friday, May 4 the insider LEONARDI THOMAS B bought $128,875. Macia Seraina sold $209,164 worth of stock. 4,800 American International Group, Inc. (NYSE:AIG) shares with value of $249,879 were bought by STEENLAND DOUGLAS M.

Harris Associates LP increased its stake in American Intl Group Inc (AIG) by 7.89% based on its latest 2017Q4 regulatory filing with the SEC. Harris Associates LP bought 2.12M shares as the company’s stock declined 9.32% with the market. The hedge fund held 29.04M shares of the finance company at the end of 2017Q4, valued at $1.73 billion, up from 26.92M at the end of the previous reported quarter. Harris Associates LP who had been investing in American Intl Group Inc for a number of months, seems to be bullish on the $49.23 billion market cap company. The stock increased 2.11% or $1.135 during the last trading session, reaching $54.845. About 3.47 million shares traded. American International Group, Inc. (NYSE:AIG) has declined 11.73% since May 17, 2017 and is downtrending. It has underperformed by 23.28% the S&P500.

Harris Associates L P, which manages about $61.07 billion US Long portfolio, decreased its stake in Fedex Corp (NYSE:FDX) by 66,971 shares to 1.76 million shares, valued at $438.94M in 2017Q4, according to the filing. It also reduced its holding in Jpmorgan Chase & Co (NYSE:JPM) by 7.48M shares in the quarter, leaving it with 3.53 million shares, and cut its stake in Aflac Inc (NYSE:AFL).

More notable recent American International Group, Inc. (NYSE:AIG) news were published by: 247Wallst.com which released: “Top Analyst Upgrades and Downgrades: AIG, Baxter, Cisco, Eiger Bio, Energy Transfer, Juniper, NOV, Phillips 66 …” on May 17, 2018, also Businesswire.com with their article: “AIG Names Mark D. Lyons as Senior Vice President & Chief Actuary, General Insurance” published on May 14, 2018, Streetinsider.com published: “AIG shareholders approve $43 million pay package for CEO” on May 09, 2018. More interesting news about American International Group, Inc. (NYSE:AIG) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” published on May 17, 2018 as well as Streetinsider.com‘s news article titled: “UPDATE: UBS Upgrades American International Group (AIG) to Buy” with publication date: May 17, 2018.

American International Group, Inc. (NYSE:AIG) Ratings Coverage

Among 10 analysts covering American International Gr (NYSE:AIG), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. American International Gr had 15 analyst reports since December 4, 2017 according to SRatingsIntel. The firm has “Neutral” rating by Buckingham Research given on Friday, April 27. Morgan Stanley maintained American International Group, Inc. (NYSE:AIG) rating on Friday, May 4. Morgan Stanley has “Overweight” rating and $65 target. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. As per Monday, February 26, the company rating was maintained by Wells Fargo. The rating was maintained by Keefe Bruyette & Woods on Monday, December 4 with “Buy”. As per Thursday, May 10, the company rating was upgraded by Goldman Sachs. On Monday, April 16 the stock rating was maintained by FBR Capital with “Hold”. Deutsche Bank upgraded the shares of AIG in report on Wednesday, December 6 to “Hold” rating. Deutsche Bank maintained the stock with “Hold” rating in Thursday, May 3 report. On Monday, May 14 the stock rating was maintained by Wells Fargo with “Buy”.

American International Group, Inc. (NYSE:AIG) Institutional Positions Chart

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