13F Action: American Intl Group INC Com (AIG) Holder Geode Capital Management LLC Has Trimmed Its Stake by $22.80 Million

13F Action: American Intl Group INC Com (AIG) Holder Geode Capital Management LLC Has Trimmed Its Stake by $22.80 Million

Geode Capital Management Llc decreased its stake in American Intl Group Inc Com (AIG) by 4.25% based on its latest 2016Q3 regulatory filing with the SEC. Geode Capital Management Llc sold 386,363 shares as the company’s stock rose 12.24% with the market. The institutional investor held 8.71M shares of the finance company at the end of 2016Q3, valued at $516.28 million, down from 9.10 million at the end of the previous reported quarter. Geode Capital Management Llc who had been investing in American Intl Group Inc Com for a number of months, seems to be less bullish one the $68.58 billion market cap company. The stock increased 1.24% or $0.82 during the last trading session, hitting $67.2. American International Group Inc (NYSE:AIG) has risen 17.77% since June 7, 2016 and is uptrending. It has outperformed by 10.35% the S&P500.

Geode Capital Management Llc, which manages about $198.58B US Long portfolio, upped its stake in Stryker Corp Com (NYSE:SYK) by 55,356 shares to 2.54M shares, valued at $295.63 million in 2016Q3, according to the filing. It also increased its holding in Wabtec Corp Com (NYSE:WAB) by 95,832 shares in the quarter, for a total of 732,840 shares, and has risen its stake in Regal Entmt Group Cl A (NYSE:RGC).

Geode Capital Management Llc is a Massachusetts-based institutional investor with more than $173.00 billion AUM in January, 2015. Geode Capital Management Llc is the 23th largest institutional investor in our database. Taken from Geode Capital Management latest Adv, the fund reported to have 57 full and part-time employees. Among which 27 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

Insitutional Activity: The institutional sentiment increased to 0.58 in 2016 Q3. Its up 0.12, from 0.46 in 2016Q2. The ratio improved, as 50 funds sold all AIG shares owned while 399 reduced positions. 80 funds bought stakes while 180 increased positions. They now own 836.82 million shares or 4.28% less from 874.27 million shares in 2016Q2. Cadence Bankshares Na has invested 0.12% of its portfolio in American International Group Inc (NYSE:AIG). Legal & General Gru Public Limited Company reported 5.48 million shares or 0.33% of all its holdings. Apg Asset Nv last reported 0.83% of its portfolio in the stock. The Japan-based Meiji Yasuda Asset Commerce has invested 0.15% in American International Group Inc (NYSE:AIG). Bremer Trust National Association accumulated 0.57% or 35,381 shares. 1832 Asset Mgmt Limited Partnership has invested 0% of its portfolio in American International Group Inc (NYSE:AIG). Moreover, Kanaly has 0.14% invested in American International Group Inc (NYSE:AIG) for 11,153 shares. Tudor Corporation Et Al last reported 74,535 shares in the company. Cedar Hill Associates Llc accumulated 1.94% or 199,575 shares. Livforsakringsbolaget Skandia Omsesidigt owns 137,828 shares or 0.41% of their US portfolio. Vantage Investment Advsr Ltd Llc last reported 0% of its portfolio in the stock. Gemmer Asset Management Ltd accumulated 0.03% or 885 shares. Rbf Limited Co holds 1.12% of its portfolio in American International Group Inc (NYSE:AIG) for 110,100 shares. First Eagle Invest Mngmt Limited Liability Co holds 1.25% of its portfolio in American International Group Inc (NYSE:AIG) for 8.34 million shares. Nwq Management Company Lc has 100,643 shares for 0.09% of their US portfolio.

Insider Transactions: Since December 9, 2016, the stock had 0 buys, and 1 insider sale for $16,380 net activity. 249 shares with value of $16,380 were sold by Hogan Kevin T. on Friday, December 9.

Analysts await American International Group Inc (NYSE:AIG) to report earnings on February, 9. They expect $1.24 EPS, up 212.73% or $2.34 from last year’s $-1.1 per share. AIG’s profit will be $1.27 billion for 13.55 P/E if the $1.24 EPS becomes a reality. After $1.00 actual EPS reported by American International Group Inc for the previous quarter, Wall Street now forecasts 24.00% EPS growth.

Another recent and important American International Group Inc (NYSE:AIG) news was published by Businesswire.com which published an article titled: “AIG Completes Sale of United Guaranty Corporation to Arch Capital Group Limited” on January 03, 2017.

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.”

American International Group Inc (NYSE:AIG) Ratings Coverage

Out of 17 analysts covering American International Group (NYSE:AIG), 12 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 71% are positive. $80.0 is the highest target while $7 is the lowest. The $63.07 average target is -6.15% below today’s ($67.2) stock price. American International Group has been the topic of 40 analyst reports since August 5, 2015 according to StockzIntelligence Inc. BMO Capital Markets maintained it with “Market Perform” rating and $64 target price in Monday, August 22 report. Argus Research maintained the shares of AIG in a report on Thursday, March 24 with “Buy” rating. The firm has “Mkt Perform” rating by FBR Capital given on Monday, November 28. Barclays Capital maintained American International Group Inc (NYSE:AIG) rating on Friday, February 12. Barclays Capital has “Overweight” rating and $60 price target. FBR Capital maintained it with “Mkt Perform” rating and $53 target price in Tuesday, May 10 report. Credit Suisse maintained the stock with “Neutral” rating in Friday, February 12 report. The stock of American International Group Inc (NYSE:AIG) has “Market Perform” rating given on Wednesday, February 3 by William Blair. The firm earned “Neutral” rating on Tuesday, March 29 by Credit Suisse. The stock of American International Group Inc (NYSE:AIG) earned “Outperform” rating by Credit Suisse on Friday, January 6. The company was upgraded on Monday, December 12 by BMO Capital Markets.

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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