Ownership Action Alert: Institutional Investors Sentiment Indicator of American International Group Inc (NYSE:AIG) Worsens in 2016 Q2

November 24, 2016 - By kentuckypostne   ·   0 Comments

Ownership Action Alert: Institutional Investors Sentiment Indicator of American International Group Inc (NYSE:AIG)  Worsens in  2016 Q2

Sentiment for American International Group Inc (NYSE:AIG)

American International Group Inc (NYSE:AIG) institutional sentiment increased to 0.58 in Q2 2016. Its up 0.12, from 0.46 in 2016Q1. The ratio is more positive, as 233 institutional investors started new or increased holdings, while 507 sold and reduced holdings in American International Group Inc. The institutional investors in our partner’s database reported: 874.27 million shares, down from 937.91 million shares in 2016Q1. Also, the number of institutional investors holding American International Group Inc in their top 10 holdings decreased from 58 to 44 for a decrease of 14. Sold All: 88 Reduced: 419 Increased: 184 New Position: 49.

American International Group, Inc. is an insurance company. The company has a market cap of $66.42 billion. The Firm provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to clients in over 100 countries and jurisdictions. It has a 120.93 P/E ratio. The Firm operates through two divisions: Commercial Insurance and Consumer Insurance, as well as a Corporate and Other category.

The stock increased 0.53% or $0.34 on November 23, hitting $64.33. American International Group Inc (NYSE:AIG) has risen 14.49% since April 22, 2016 and is uptrending. It has outperformed by 9.08% the S&P500.

Analysts await American International Group Inc (NYSE:AIG) to report earnings on February, 9. They expect $1.24 earnings per share, up 212.73% or $2.34 from last year’s $-1.1 per share. AIG’s profit will be $1.28 billion for 12.97 P/E if the $1.24 EPS becomes a reality. After $1.00 actual earnings per share reported by American International Group Inc for the previous quarter, Wall Street now forecasts 24.00% EPS growth.

According to Zacks Investment Research, “American International Group, Inc., world leaders in insurance and financial services, is the leading international insurance organization with operations in more than one hundred thirty countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world.”

Starr International Co Inc holds 83.78% of its portfolio in American International Group Inc for 15.40 million shares. Spindletop Capital Llc owns 280,000 shares or 22.48% of their US portfolio. Moreover, Boyle Capital Management Llc has 19.49% invested in the company for 302,446 shares. The New York-based Perry Corp has invested 13.65% in the stock. Silver Point Capital L.P., a Connecticut-based fund reported 2.14 million shares.#img1#

American International Group Inc (NYSE:AIG) Ratings Coverage

Ratings analysis reveals 59% of American International Group’s analysts are positive. Out of 17 Wall Street analysts rating American International Group, 10 give it “Buy”, 1 “Sell” rating, while 6 recommend “Hold”. The lowest target is $53 while the high is $80.0. The stock’s average target of $66.61 is 3.54% above today’s ($64.33) share price. AIG was included in 37 notes of analysts from August 5, 2015. The firm has “Underweight” rating by Atlantic Securities given on Wednesday, November 4. FBR Capital maintained American International Group Inc (NYSE:AIG) on Tuesday, May 10 with “Mkt Perform” rating. The stock of American International Group Inc (NYSE:AIG) earned “Outperform” rating by Keefe Bruyette & Woods on Tuesday, December 15. The firm has “Buy” rating given on Wednesday, March 30 by Janney Capital. FBR Capital maintained it with “Market Perform” rating and $56 target price in Friday, February 26 report. As per Tuesday, February 16, the company rating was maintained by RBC Capital Markets. Credit Suisse maintained it with “Neutral” rating and $61 target price in Friday, February 12 report. The company was maintained on Thursday, October 29 by S&P Research. Barclays Capital maintained American International Group Inc (NYSE:AIG) on Friday, February 12 with “Overweight” rating. Citigroup maintained American International Group Inc (NYSE:AIG) on Wednesday, August 5 with “Buy” rating.

AIG Company Profile

American International Group, Inc. (AIG), incorporated on June 9, 1967, is an insurance company. The Firm provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to clients in over 100 countries and jurisdictions. The Firm operates through two divisions: Commercial Insurance and Consumer Insurance, as well as a Corporate and Other category. Commercial Insurance has three operating divisions: Property Casualty, Mortgage Guaranty and Institutional Markets. Consumer Insurance also has three operating divisions: Retirement, Life and Personal Insurance. The Company’s Corporate and Other includes the Company, as well as certain legacy assets and run-off insurance businesses. The Firm groups its insurance-related legal entities into two categories: Non-Life Insurance Companies and Life Insurance Companies. The Company’s Non-Life Insurance Companies include property casualty and mortgage guaranty companies, including National Union Fire Insurance Company of Pittsburgh, Pa. (National Union); American Home Assurance Company (American Home); Lexington Insurance Company (Lexington); Fuji Fire and Marine Insurance Company Limited (Fuji Fire); American Home Assurance Company, Ltd. (American Home Japan); AIG Asia Pacific Insurance, Pte, Ltd.; AIG Europe Limited, and United Guaranty Residential Insurance Company (UGRIC). Life Insurance Companies include American General Life Insurance Company (American General Life); The Variable Annuity Life Insurance Company (VALIC); The United States Life Insurance Company in the City of New York (U.S. Life), and AIG Fuji Life Insurance Company Limited (Fuji Life).

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