Sumitomo Mitsui Trust Holdings INC Has Boosted Its American International Group (AIG) Stake by $14.66 Million

June 20, 2017 - By reb123z

Investors sentiment increased to 0.61 in Q4 2016. Its up 0.03, from 0.58 in 2016Q3. It is positive, as 69 investors sold AIG shares while 385 reduced holdings. 82 funds opened positions while 197 raised stakes. 815.98 million shares or 2.49% less from 836.82 million shares in 2016Q3 were reported. Ahl Partners Ltd Liability Partnership reported 0.43% stake. Nj State Employees Deferred Compensation Plan stated it has 0.07% in American International Group Inc (NYSE:AIG). Calamos Advsrs Limited Liability Com accumulated 869,379 shares. Moreover, Pub Employees Retirement Association Of Colorado has 0.65% invested in American International Group Inc (NYSE:AIG) for 1.24 million shares. Intrust National Bank & Trust Na reported 6,509 shares or 0.16% of all its holdings. Levin Capital Strategies Limited Partnership stated it has 98,814 shares. Cim Mangement reported 0.19% in American International Group Inc (NYSE:AIG). First Citizens State Bank Company holds 3,997 shares or 0.03% of its portfolio. Stifel Fincl accumulated 283,679 shares. New York-based Freshford Capital Mngmt Limited Company has invested 3.46% in American International Group Inc (NYSE:AIG). Glob Investors holds 77.93 million shares or 1.65% of its portfolio. Sg Americas Ltd Llc has 393,608 shares. 3,800 were reported by Ci Investments Inc. Laurel Grove Limited Liability Corp invested in 23,550 shares. The New York-based Cornerstone Mngmt has invested 0.12% in American International Group Inc (NYSE:AIG).

Since May 18, 2017, it had 1 insider purchase, and 0 insider sales for $4.92 million activity.

Sumitomo Mitsui Trust Holdings Inc increased its stake in American International Group (AIG) by 7.04% based on its latest 2016Q4 regulatory filing with the SEC. Sumitomo Mitsui Trust Holdings Inc bought 225,481 shares as the company’s stock declined 2.08% while stock markets rallied. The institutional investor held 3.43M shares of the finance company at the end of 2016Q4, valued at $224.02 million, up from 3.20 million at the end of the previous reported quarter. Sumitomo Mitsui Trust Holdings Inc who had been investing in American International Group for a number of months, seems to be bullish on the $58.87B market cap company. The stock declined 0.42% or $0.27 reaching $63.68 on the news. About 459,046 shares traded. American International Group Inc (NYSE:AIG) has risen 8.59% since June 20, 2016 and is uptrending. It has underperformed by 8.11% the S&P500.

Sumitomo Mitsui Trust Holdings Inc, which manages about $61.28B US Long portfolio, decreased its stake in O’reilly Automotive Inc (NASDAQ:ORLY) by 12,310 shares to 273,417 shares, valued at $76.12 million in 2016Q4, according to the filing. It also reduced its holding in International Paper Co (NYSE:IP) by 788,203 shares in the quarter, leaving it with 1.11M shares, and cut its stake in Huntington Bancshares Inc (NASDAQ:HBAN).

More notable recent American International Group Inc (NYSE:AIG) news were published by: Zacks.com which released: “American International to Redeem $290M Notes Due 2045” on June 16, 2017, also Zacks.com with their article: “Why Is American International (AIG) Up 2% Since the Last Earnings Report?” published on June 06, 2017, Reuters.com published: “AIG teams with IBM to use blockchain for ‘smart’ insurance policy” on June 14, 2017. More interesting news about American International Group Inc (NYSE:AIG) were released by: Nasdaq.com and their article: “Ex-Dividend Reminder: Horace Mann Educators, American International Group and …” published on June 08, 2017 as well as Nasdaq.com‘s news article titled: “American International Group, Inc. (AIG) Ex-Dividend Date Scheduled for June …” with publication date: June 09, 2017.

American International Group Inc (NYSE:AIG) Ratings Coverage

Among 18 analysts covering American International Group (NYSE:AIG), 13 have Buy rating, 2 Sell and 3 Hold. Therefore 72% are positive. American International Group had 47 analyst reports since August 5, 2015 according to SRatingsIntel. FBR Capital maintained American International Group Inc (NYSE:AIG) on Wednesday, August 5 with “Outperform” rating. The stock of American International Group Inc (NYSE:AIG) has “Neutral” rating given on Friday, October 7 by Credit Suisse. The rating was upgraded by Janney Capital to “Buy” on Wednesday, March 30. As per Tuesday, November 3, the company rating was maintained by Piper Jaffray. The stock has “Buy” rating by Goldman Sachs on Monday, August 8. The firm earned “Buy” rating on Thursday, April 13 by Wells Fargo. Credit Suisse maintained American International Group Inc (NYSE:AIG) on Friday, February 12 with “Neutral” rating. Vetr downgraded American International Group Inc (NYSE:AIG) rating on Thursday, August 27. Vetr has “Strong-Buy” rating and $65.08 target. The firm earned “Overweight” rating on Friday, February 12 by Barclays Capital. The firm has “Market Perform” rating given on Wednesday, February 3 by William Blair.

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