American Intl Group INC (AIG) Valuation Declined While Hotchkis & Wiley Capital Management LLC Has Upped Holding by $39.63 Million

January 18, 2018 - By Vivian Park

Investors sentiment increased to 0.79 in Q3 2017. Its up 0.15, from 0.64 in 2017Q2. It improved, 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. Wisconsin-based Northwestern Mutual Wealth has invested 0% in American International Group, Inc. (NYSE:AIG). South State holds 31,475 shares or 0.22% of its portfolio. Kj Harrison & Prtn Inc accumulated 16,600 shares. Stevens Capital Mgmt LP owns 76,037 shares for 0.17% of their portfolio. 1,743 are owned by Manchester Capital Management Limited Liability Com. Loews holds 0% or 4,332 shares in its portfolio. Morgan Stanley holds 0.11% of its portfolio in American International Group, Inc. (NYSE:AIG) for 5.84 million shares. The Minnesota-based Ameriprise Fincl has invested 0.11% in American International Group, Inc. (NYSE:AIG). 1.36M were accumulated by State Board Of Administration Of Florida Retirement System. Gamco Invsts Et Al stated it has 152,576 shares. 22,946 were reported by Ibm Retirement Fund. 140,506 are held by Patriot Wealth. Montag A Associate Incorporated has 0.55% invested in American International Group, Inc. (NYSE:AIG) for 83,094 shares. Armstrong Shaw Ct accumulated 35,011 shares. 4,956 were accumulated by Webster Bankshares N A.

Hotchkis & Wiley Capital Management Llc increased its stake in American Intl Group Inc (AIG) by 4.12% based on its latest 2017Q3 regulatory filing with the SEC. Hotchkis & Wiley Capital Management Llc bought 649,606 shares as the company’s stock declined 2.08% while stock markets rallied. The institutional investor held 16.42 million shares of the finance company at the end of 2017Q3, valued at $1.01 billion, up from 15.77 million at the end of the previous reported quarter. Hotchkis & Wiley Capital Management Llc who had been investing in American Intl Group Inc for a number of months, seems to be bullish on the $55.21B market cap company. The stock increased 0.59% or $0.36 during the last trading session, reaching $61.42. About 4.94M shares traded. American International Group, Inc. (NYSE:AIG) has risen 8.59% since January 18, 2017 and is uptrending. It has underperformed by 8.11% the S&P500.

Hotchkis & Wiley Capital Management Llc, which manages about $25.96B and $25.39 billion US Long portfolio, decreased its stake in Citigroup Inc (NYSE:C) by 2.44M shares to 12.18M shares, valued at $885.74 million in 2017Q3, according to the filing. It also reduced its holding in State Str Corp (NYSE:STT) by 1.75M shares in the quarter, leaving it with 2.29 million shares, and cut its stake in Willis Towers Watson Pub Ltd.

More 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 Seekingalpha.com published the news titled: “Why I Am Remaining Bullish On AIG” on January 07, 2018. Seekingalpha.com‘s news article titled: “AIG on the hunt for acquisition targets” with publication date: January 11, 2018 was also an interesting one.

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 9.69% above currents $61.42 stock price. American International Group had 70 analyst reports since August 5, 2015 according to SRatingsIntel. The company was downgraded on Thursday, August 27 by Vetr. The stock of American International Group, Inc. (NYSE:AIG) earned “Hold” rating by Deutsche Bank on Wednesday, December 6. The rating was upgraded by Janney Capital on Wednesday, March 30 to “Buy”. The rating was downgraded by FBR Capital on Friday, October 2 to “Mkt Perform”. The rating was downgraded by Avondale on Wednesday, November 4 to “Underperform”. The rating was maintained by Barclays Capital with “Overweight” on Monday, October 16. The stock of American International Group, Inc. (NYSE:AIG) earned “Overweight” rating by Piper Jaffray on Tuesday, November 3. The firm has “Neutral” rating given on Friday, October 7 by Credit Suisse. The firm earned “Buy” rating on Monday, November 13 by RBC Capital Markets. On Tuesday, September 5 the stock rating was maintained by RBC Capital Markets with “Buy”.

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