American International Group INC (Put) (AIG) Holder Westchester Capital Management LLC Increased Its Position by $11.60 Million

February 15, 2018 - By Hazel Jackson

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. 63.14 million were accumulated by Blackrock Incorporated. Norinchukin Financial Bank The accumulated 0.08% or 68,186 shares. Ontario Teachers Pension Plan Board owns 1.81M shares or 1.47% of their US portfolio. Lloyds Banking Grp Public Limited Com invested in 1.48% or 2,421 shares. Parametric Assoc Limited Liability Corporation has 0.21% invested in American International Group, Inc. (NYSE:AIG). Assetmark has invested 0% in American International Group, Inc. (NYSE:AIG). Suntrust Banks holds 0.02% of its portfolio in American International Group, Inc. (NYSE:AIG) for 54,376 shares. British Columbia Investment Mngmt accumulated 511,813 shares. Schwab Charles Mngmt invested 0.19% in American International Group, Inc. (NYSE:AIG). Baystate Wealth Management Ltd Liability has 1,340 shares. Community & Inv invested in 1.43% or 217,347 shares. Moreover, Goelzer Investment has 0.48% invested in American International Group, Inc. (NYSE:AIG) for 65,638 shares. Fred Alger Management Inc accumulated 332 shares or 0% of the stock. Dynamic Capital Management stated it has 5,210 shares or 0.09% of all its holdings. Pacific Global Inv Mgmt accumulated 56,918 shares.

Westchester Capital Management Llc increased its stake in American International Group Inc. (Put) (AIG) by 16.91% based on its latest 2017Q3 regulatory filing with the SEC. Westchester Capital Management Llc bought 190,200 shares as the company’s stock declined 2.08% while stock markets rallied. The institutional investor held 1.31 million shares of the finance company at the end of 2017Q3, valued at $80.71 million, up from 1.12M at the end of the previous reported quarter. Westchester Capital Management Llc who had been investing in American International Group Inc. (Put) for a number of months, seems to be bullish on the $53.26 billion market cap company. The stock decreased 0.29% or $0.17 during the last trading session, reaching $59.24. About 4.19M shares traded. American International Group, Inc. (NYSE:AIG) has risen 8.59% since February 15, 2017 and is uptrending. It has underperformed by 8.11% the S&P500.

Westchester Capital Management Llc, which manages about $5.44 billion and $3.17 billion US Long portfolio, decreased its stake in Level 3 Communications Inc. (NYSE:LVLT) by 1.29M shares to 881,148 shares, valued at $46.96M in 2017Q3, according to the filing. It also reduced its holding in American International Group Inc. (NYSE:AIG) by 255,900 shares in the quarter, leaving it with 868,600 shares, and cut its stake in Marathon Petroleum Corporation (NYSE:MPC).

More notable recent American International Group, Inc. (NYSE:AIG) news were published by: Gurufocus.com which released: “Levin Capital Strategies, Lp Buys American International Group Inc, AT&T Inc …” on February 13, 2018, also Zacks.com with their article: “Will California Fire & Commercial Unit Hurt AIG Q4 Earnings?” published on February 06, 2018, Investorplace.com published: “American International Group Inc Is Plagued By Core Issues” on January 23, 2018. More interesting news about American International Group, Inc. (NYSE:AIG) were released by: Nasdaq.com and their article: “Earnings Reaction History: American International Group, Inc., 63.6% Follow …” published on February 08, 2018 as well as Seekingalpha.com‘s news article titled: “AIG: Game Changer?” with publication date: January 24, 2018.

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

Among 21 analysts covering American International Group (NYSE:AIG), 13 have Buy rating, 2 Sell and 6 Hold. Therefore 62% are positive. American International Group had 72 analyst reports since August 5, 2015 according to SRatingsIntel. On Thursday, August 24 the stock rating was maintained by Deutsche Bank with “Sell”. The company was maintained on Monday, August 8 by Goldman Sachs. As per Tuesday, October 10, the company rating was maintained by Bank of America. Piper Jaffray maintained the shares of AIG in report on Tuesday, November 3 with “Overweight” rating. The firm has “Buy” rating by S&P Research given on Wednesday, August 5. The rating was maintained by Keefe Bruyette & Woods on Wednesday, August 2 with “Buy”. The firm has “Buy” rating given on Wednesday, August 5 by Argus Research. Credit Suisse upgraded the stock to “Outperform” rating in Friday, January 6 report. Atlantic Securities downgraded the shares of AIG in report on Wednesday, November 4 to “Underweight” rating. The stock of American International Group, Inc. (NYSE:AIG) has “Buy” rating given on Wednesday, March 30 by Janney Capital.

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