Harris Associates LP Boosted American Intl Group INC (AIG) Position by $125.30 Million

May 17, 2018 - By Margarite Burden

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 dived, 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. Mirae Asset Invests Ltd stated it has 0.05% in American International Group, Inc. (NYSE:AIG). Bowling Port Management Ltd accumulated 21,156 shares. Strs Ohio accumulated 660,571 shares or 0.17% of the stock. Ny State Teachers Retirement owns 1.46 million shares for 0.21% of their portfolio. Whittier Tru Of Nevada accumulated 22,695 shares. Riverhead Mngmt Llc accumulated 0.03% or 11,427 shares. Balasa Dinverno And Foltz Limited Liability Co has invested 0.05% of its portfolio in American International Group, Inc. (NYSE:AIG). The Missouri-based Stifel has invested 0.03% in American International Group, Inc. (NYSE:AIG). The New Jersey-based Caxton Assocs Limited Partnership has invested 0.44% in American International Group, Inc. (NYSE:AIG). Moreover, Wall Street Access Asset Mngmt Ltd Liability has 0.68% invested in American International Group, Inc. (NYSE:AIG) for 7,237 shares. Fincl Engines Lc has 0% invested in American International Group, Inc. (NYSE:AIG) for 910 shares. City Holding stated it has 0.01% of its portfolio in American International Group, Inc. (NYSE:AIG). Td Asset accumulated 1.68 million shares. 416 are owned by Parkside National Bank & Trust & Tru. Knightsbridge Asset Mgmt Limited Liability Company invested 5.83% of its portfolio in American International Group, Inc. (NYSE:AIG).

Since February 15, 2018, it had 2 insider buys, and 2 insider sales for $47,270 activity. Another trade for 2,052 shares valued at $122,320 was sold by Macartney Claudine. 2,500 shares were bought by LEONARDI THOMAS B, worth $128,875. 3,503 shares valued at $209,164 were sold by Macia Seraina on Friday, February 16.

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 2.12 million 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 3.47M 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 $61.07B US Long portfolio, decreased its stake in Caterpillar Inc Del (NYSE:CAT) by 334,785 shares to 5.02M shares, valued at $791.77M in 2017Q4, according to the filing. It also reduced its holding in Lamb Weston Hldgs Inc by 325,865 shares in the quarter, leaving it with 1.54 million shares, and cut its stake in Baidu Inc (NASDAQ:BIDU).

More notable recent American International Group, Inc. (NYSE:AIG) news were published by: Seekingalpha.com which released: “AIG plunges nearly 10% after continued disappointment” on May 03, 2018, also Streetinsider.com with their article: “UPDATE: UBS Upgrades American International Group (AIG) to Buy” published on May 17, 2018, Businesswire.com published: “AIG Names Mark D. Lyons as Senior Vice President & Chief Actuary, General Insurance” on May 14, 2018. More interesting news about American International Group, Inc. (NYSE:AIG) were released by: Benzinga.com and their article: “AIG Notches Upgrade Ahead Of Q1 Report On Fundamental Improvements” published on April 27, 2018 as well as Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” 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 earned “Hold” rating on Thursday, May 3 by Deutsche Bank. The firm earned “Buy” rating on Monday, December 4 by Keefe Bruyette & Woods. Deutsche Bank upgraded the shares of AIG in report on Wednesday, December 6 to “Hold” rating. The company was maintained on Monday, February 26 by Wells Fargo. The firm earned “Buy” rating on Monday, January 22 by Credit Suisse. The stock of American International Group, Inc. (NYSE:AIG) earned “Overweight” rating by Morgan Stanley on Friday, May 4. On Friday, February 9 the stock rating was upgraded by Bank of America to “Buy”. On Tuesday, February 20 the stock rating was maintained by Barclays Capital with “Overweight”. The stock has “Hold” rating by FBR Capital on Monday, April 16. Buckingham Research upgraded American International Group, Inc. (NYSE:AIG) on Friday, April 27 to “Neutral” rating.

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

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