First Pacific Advisors LLC Increased Its American Intl Group INC (AIG) Stake by $113.56 Million as Shares Declined

June 29, 2018 - By Charla Downs

American International Group, Inc. (NYSE:AIG) Corporate LogoBig Money Sentiment increased to 1 in 2018 Q1. It has change of 0.30, from 2017Q4’s 0.7. The ratio is positive due to AIG positioning: 66 sold and 249 reduced. 90 funds acquired holdings and 226 increased holdings. Investors holded 747.27 million in 2017Q4 but now own 749.06 million shares or 0.24% more. 269 were accumulated by San Francisco Sentry Inv Gru (Ca). Fernwood Invest Management Limited holds 0.21% or 6,970 shs in its capital. Welch Cap Prtn Ltd Liability New York, New York-based fund reported 107,196 shs. Bank Of Nova Scotia reported 247,339 shs. 1St Source Bank & Trust reported 26,382 shs. Korea Inv holds 0.21% or 829,304 shs in its capital. Kingdon Cap Mngmt Ltd Liability has 1.39% invested in American International Group, Inc. (NYSE:AIG). Northcoast Asset Mgmt Ltd Llc holds 0.2% of its capital in American International Group, Inc. (NYSE:AIG) for 40,000 shs. Trellus Lc holds 1.98% in American International Group, Inc. (NYSE:AIG) or 20,000 shs. Colony Ltd owns 225,240 shs. Wells Fargo & Mn invested in 3.04 million shs. First Republic Management invested in 0.32% or 745,789 shs. Meag Munich Ergo Kapitalanlagegesellschaft Mbh reported 0.03% of its capital in American International Group, Inc. (NYSE:AIG). New York-based Silvercrest Asset Group Limited Liability Corp has invested 0.01% in American International Group, Inc. (NYSE:AIG). Smithfield has invested 0.03% in American International Group, Inc. (NYSE:AIG).

AIG had 2 selling transactions and 2 buys since February 15, 2018. This’s net activity of $47,270. STEENLAND DOUGLAS M bought $249,879 worth of American International Group, Inc. (NYSE:AIG) on Friday, May 4. $122,320 worth of American International Group, Inc. (NYSE:AIG) shs were sold by Macartney Claudine. The insider LEONARDI THOMAS B bought 2,500 shs worth $128,875.

Robert Rodriguez’s stake in American Intl Group Inc (AIG) is upped by 19.98% based on its latest 2018Q1 regulatory filing with the SEC. The company’s stock sank 9.68% while First Pacific Advisors Llc bought 2.10M shares. At the end of 2018Q1, the hedge fund run by Robert Rodriguez held 12.63 million shares of the finance company, priced at $687.29M, up from 10.53M at the end of the previous reported quarter. $48.30B is the market cap of American Intl Group Inc. Ticker’s shares touched $53.8 during the last trading session after 1.07% change.Currently American International Group, Inc. is downtrending after 15.56% change in last June 29, 2017. AIG has 603,755 shares volume. AIG underperformed the S&P 500 by 28.13%.

First Pacific Advisors Llc operates about $28.26 billion and $13.13B US Long portfolio. Its stake in Patterson (NASDAQ:PTEN) was decreased by 273,567 shares to 1.45M shares valued at $25.42M in 2018Q1, according to the filing. First Pacific Advisors Llc has cut its stake in Leucadia National Corp (NYSE:LUK) and also reduced its holding in Citigroup Inc (NYSE:C) by 605,008 shares in the quarter, for a total of 6.93M shares.

More recent American International Group, Inc. (NYSE:AIG) news were announced by Businesswire.com, Businesswire.com and Seekingalpha.com. The first one has “AIG to Report Second Quarter 2018 Results on August 2, 2018” as a title and was announced on June 25, 2018. The next is “AIG Names Jamie Miller Chief Underwriting Officer, North America Property” on June 25, 2018. And last was announced on June 20, 2018, called “AIG to buy UK group life specialist Ellipse from Munich Re”.

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

Total analysts of 11 have positions in American International Group (NYSE:AIG) as follows: 7 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 64%. Since January 22, 2018 according to StockzIntelligence Inc American International Group has 13 analyst reports. The company rating was upgraded by Buckingham Research on Friday, April 27. The stock rating was maintained by Wells Fargo with “Buy” on Monday, February 26. In Monday, January 22 report Credit Suisse maintained the stock with “Buy” rating. On Friday, May 4 Morgan Stanley maintained the shares of AIG in report with “Overweight” rating. On Friday, February 9 the company was upgraded by Bank of America. On Monday, May 14 the stock of American International Group, Inc. (NYSE:AIG) has “Buy” rating given by Wells Fargo. On Thursday, May 3 the stock of American International Group, Inc. (NYSE:AIG) has “Hold” rating given by Deutsche Bank. On Thursday, May 17 the stock of American International Group, Inc. (NYSE:AIG) earned “Buy” rating by UBS. On Tuesday, February 20 the stock of American International Group, Inc. (NYSE:AIG) earned “Overweight” rating by Barclays Capital. On Thursday, May 10 the firm has “Buy” rating by Goldman Sachs given.

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

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