As American International Group I (AIG) Share Value Declined, Shareholder Omega Advisors INC Lowered Its Position by $29.68 Million

January 22, 2018 - By Kurt Siggers

Investors sentiment increased to 0.79 in 2017 Q3. Its up 0.15, from 0.64 in 2017Q2. It increased, as 72 investors sold AIG shares while 293 reduced holdings. 78 funds opened positions while 211 raised stakes. 748.00 million shares or 0.80% more from 742.03 million shares in 2017Q2 were reported. Principal Fincl reported 0.08% of its portfolio in American International Group, Inc. (NYSE:AIG). Kistler reported 105 shares stake. Cramer Rosenthal Mcglynn Ltd Company stated it has 0.76% in American International Group, Inc. (NYSE:AIG). Moreover, Bank & Trust Of Nova Scotia has 0.18% invested in American International Group, Inc. (NYSE:AIG) for 507,893 shares. Cullen Frost Bankers Inc reported 331,533 shares. Apg Asset Nv stated it has 295,504 shares. Pinnacle Assocs, a New York-based fund reported 10,175 shares. Eastern Bancorporation reported 0.03% stake. 5,900 were accumulated by Ledyard Commercial Bank. Zeke Capital Advsr Limited Liability Co reported 0.08% stake. Wetherby Asset has 0.15% invested in American International Group, Inc. (NYSE:AIG) for 16,514 shares. Ssi Invest Mngmt Inc has 3,316 shares. Elm Ridge Mgmt Limited Liability Co stated it has 171,869 shares. Adirondack has 0.02% invested in American International Group, Inc. (NYSE:AIG). Johnson Financial Grp Inc Incorporated invested in 72 shares.

Leon Cooperman decreased its stake in American International Group I (AIG) by 36.63% based on its latest 2017Q3 regulatory filing with the SEC. Omega Advisors Inc sold 486,500 shares as the company’s stock declined 2.08% while stock markets rallied. The hedge fund run by Leon Cooperman held 841,740 shares of the finance company at the end of 2017Q3, valued at $51.67M, down from 1.33 million at the end of the previous reported quarter. Omega Advisors Inc who had been investing in American International Group I for a number of months, seems to be less bullish one the $54.87B market cap company. The stock decreased 0.84% or $0.515 during the last trading session, reaching $61.035. About 2.97 million shares traded. American International Group, Inc. (NYSE:AIG) has risen 8.59% since January 22, 2017 and is uptrending. It has underperformed by 8.11% the S&P500.

Omega Advisors Inc, which manages about $12.65B and $2.57 billion US Long portfolio, upped its stake in Wpx Energy Inc (NYSE:WPX) by 978,426 shares to 4.65 million shares, valued at $53.42M in 2017Q3, according to the filing. It also increased its holding in New Residential Investment Cor (NYSE:NRZ) by 267,800 shares in the quarter, for a total of 1.42M shares, and has risen its stake in Valvoline Inc.

Analysts await American International Group, Inc. (NYSE:AIG) to report earnings on February, 8 after the close. They expect $1.00 earnings per share, up 19.05 % or $0.16 from last year’s $0.84 per share. AIG’s profit will be $898.96 million for 15.26 P/E if the $1.00 EPS becomes a reality. After $-1.22 actual earnings per share reported by American International Group, Inc. for the previous quarter, Wall Street now forecasts -181.97 % EPS growth.

More important recent American International Group, Inc. (NYSE:AIG) news were published by: Seekingalpha.com which released: “American International Group (AIG) Presents at Consumer Electronics Show …” on January 09, 2018, also Businesswire.com published article titled: “AIG to Present at the 2018 Consumer Electronics Show”, Bloomberg.com published: “AIG Goes From Lifeline to the Deal Frontline” on January 09, 2018. More interesting news about American International Group, Inc. (NYSE:AIG) was released by: Seekingalpha.com and their article: “Why I Am Remaining Bullish On AIG” with publication date: January 07, 2018.

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

Among 21 analysts covering American International Group (NYSE:AIG), 12 have Buy rating, 2 Sell and 7 Hold. Therefore 57% are positive. American International Group has $80.0 highest and $7 lowest target. $67.37’s average target is 10.38% above currents $61.035 stock price. American International Group had 70 analyst reports since August 5, 2015 according to SRatingsIntel. Buckingham Research initiated it with “Sell” rating and $52.0 target in Monday, September 11 report. As per Tuesday, November 3, the company rating was maintained by Piper Jaffray. The stock of American International Group, Inc. (NYSE:AIG) has “Sell” rating given on Monday, March 13 by Deutsche Bank. Keefe Bruyette & Woods maintained the shares of AIG in report on Monday, December 4 with “Buy” rating. RBC Capital Markets maintained American International Group, Inc. (NYSE:AIG) rating on Tuesday, February 16. RBC Capital Markets has “Outperform” rating and $65 target. The stock has “Mkt Perform” rating by FBR Capital on Monday, November 28. Janney Capital upgraded the stock to “Buy” rating in Wednesday, March 30 report. The stock has “Strong-Buy” rating by Vetr on Thursday, August 27. On Tuesday, October 10 the stock rating was maintained by Morgan Stanley with “Buy”. As per Thursday, March 24, the company rating was maintained by Argus Research.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: