American Intl Group (AIG) Holder Archon Partners Decreased Its Stake as Valuation Declined; As Servisfirst Bancshares (SFBS) Share Value Rose, Shareholder Welch Group Cut Stake

August 12, 2018 - By Palma Niemeyer

American International Group, Inc. (NYSE:AIG) Logo

Archon Partners Llc decreased its stake in American Intl Group Inc (AIG) by 21.66% based on its latest 2018Q1 regulatory filing with the SEC. Archon Partners Llc sold 34,000 shares as the company’s stock declined 9.68% with the market. The hedge fund held 123,000 shares of the finance company at the end of 2018Q1, valued at $6.69M, down from 157,000 at the end of the previous reported quarter. Archon Partners Llc who had been investing in American Intl Group Inc for a number of months, seems to be less bullish one the $46.40 billion market cap company. The stock increased 0.42% or $0.22 during the last trading session, reaching $52.22. About 5.75 million shares traded or 17.70% up from the average. American International Group, Inc. (NYSE:AIG) has declined 15.56% since August 12, 2017 and is downtrending. It has underperformed by 28.13% the S&P500. Some Historical AIG News: 02/05/2018 – AIG’s profit hit by natural disaster losses; 28/03/2018 – AIG received a federal bailout during the financial crisis that eventually totaled $182.3 billion but was repaid; 21/05/2018 – DORSAVI LTD DVL.AX – AIG PC GLOBAL SERVICES, INC. TO PURCHASE VISAFE TECHNOLOGY TO CONDUCT ASSESSMENTS OF THEIR CLIENTS’ MANUAL HANDLING ACTIVITIES; 14/03/2018 – AIG – NOMINATION AGREEMENT AMONG HIGH RIVER LIMITED PARTNERSHIP, CARL ICAHN AND CO TO EXPIRE 35 DAYS FOLLOWING MERKSAMER’S DEPARTURE FROM BOARD; 07/05/2018 – Yahoo! UK: Investor Carl Icahn sells stake in AIG; 28/03/2018 – AIG paid new CEO Duperreault $43.1 million in 2017; 03/05/2018 – AIG AIG.N CEO SAYS ACTIONS TAKEN IN EXCESS CASUALTY “BECOME EFFECTIVE NOW,” BUT COMPANY TAKING TIME TO VERIFY – CONF CALL; 27/03/2018 – DALBAR Report Finds Merrill Lynch, BlackRock and AIG Provide Superior Investor Statements; 09/05/2018 – AIG – SHAREHOLDERS ALSO VOTED TO SUPPORT EACH OF TWO PROPOSALS RECOMMENDED BY AIG BOARD; 26/03/2018 – AIG hires general insurance marketing chief from MMC

Welch Group Llc decreased its stake in Servisfirst Bancshares (SFBS) by 7.42% based on its latest 2018Q1 regulatory filing with the SEC. Welch Group Llc sold 17,053 shares as the company’s stock rose 1.23% while stock markets declined. The institutional investor held 212,890 shares of the finance company at the end of 2018Q1, valued at $8.69 million, down from 229,943 at the end of the previous reported quarter. Welch Group Llc who had been investing in Servisfirst Bancshares for a number of months, seems to be less bullish one the $2.25B market cap company. The stock decreased 0.47% or $0.2 during the last trading session, reaching $42.22. About 38,217 shares traded. ServisFirst Bancshares, Inc. (NASDAQ:SFBS) has risen 19.97% since August 12, 2017 and is uptrending. It has outperformed by 7.40% the S&P500. Some Historical SFBS News: 16/03/2018 ServisFirst Bank Atlanta Announces Regional Banking Changes

Since February 15, 2018, it had 2 buys, and 2 insider sales for $47,270 activity. Macartney Claudine had sold 2,052 shares worth $122,320 on Thursday, February 15. Macia Seraina also sold $209,164 worth of American International Group, Inc. (NYSE:AIG) on Friday, February 16. 2,500 shares valued at $128,875 were bought by LEONARDI THOMAS B on Friday, May 4.

Archon Partners Llc, which manages about $495.23 million and $458.21 million US Long portfolio, upped its stake in Delta Air Lines Inc Del (NYSE:DAL) by 126,000 shares to 147,000 shares, valued at $8.06M in 2018Q1, according to the filing. It also increased its holding in Transunion by 6,600 shares in the quarter, for a total of 80,100 shares, and has risen its stake in Guidewire Software Inc (NYSE:GWRE).

More recent American International Group, Inc. (NYSE:AIG) news were published by: Seekingalpha.com which released: “AIG Using Reinsurance As Performance Lever, Program Expansion Likely” on August 08, 2018. Also Seekingalpha.com published the news titled: “AIG slumps after Q2 miss” on August 02, 2018. Businesswire.com‘s news article titled: “AIG Names Thomas Lillelund as Chief Executive Officer of AIG Europe SA” with publication date: August 08, 2018 was also an interesting one.

Investors sentiment increased to 1 in Q1 2018. Its up 0.30, from 0.7 in 2017Q4. It improved, as 66 investors sold AIG shares while 249 reduced holdings. 90 funds opened positions while 226 raised stakes. 749.06 million shares or 0.24% more from 747.27 million shares in 2017Q4 were reported. 333,398 were accumulated by Lsv Asset. Baystate Wealth Mngmt Ltd reported 0.01% of its portfolio in American International Group, Inc. (NYSE:AIG). 5,864 are held by Linscomb & Williams. New York-based Products Partners Ltd Liability Company has invested 0.89% in American International Group, Inc. (NYSE:AIG). Mitsubishi Ufj Tru Bk holds 0.18% of its portfolio in American International Group, Inc. (NYSE:AIG) for 1.86M shares. Qci Asset Management has invested 0% in American International Group, Inc. (NYSE:AIG). New Jersey Better Educational Savings Tru owns 0.6% invested in American International Group, Inc. (NYSE:AIG) for 10,000 shares. Majedie Asset Ltd holds 0.3% of its portfolio in American International Group, Inc. (NYSE:AIG) for 61,384 shares. Markston Intll Ltd Com holds 1.3% in American International Group, Inc. (NYSE:AIG) or 220,830 shares. New Mexico Educational Retirement Board owns 85,705 shares. Capital owns 55.62 million shares. Fiduciary Com has invested 0.05% of its portfolio in American International Group, Inc. (NYSE:AIG). Baldwin Brothers Ma, Massachusetts-based fund reported 300 shares. Mark Sheptoff Fin Planning Limited Liability Corp owns 200 shares. Central Bancshares, Kentucky-based fund reported 100 shares.

Analysts await American International Group, Inc. (NYSE:AIG) to report earnings on November, 1. They expect $1.23 EPS, up 200.82% or $2.45 from last year’s $-1.22 per share. AIG’s profit will be $1.09 billion for 10.61 P/E if the $1.23 EPS becomes a reality. After $1.05 actual EPS reported by American International Group, Inc. for the previous quarter, Wall Street now forecasts 17.14% EPS growth.

Among 22 analysts covering American International Group (NYSE:AIG), 15 have Buy rating, 1 Sell and 6 Hold. Therefore 68% are positive. American International Group had 84 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Mkt Perform” rating by FBR Capital given on Friday, October 2. The company was maintained on Thursday, March 24 by Argus Research. FBR Capital maintained the stock with “Mkt Perform” rating in Monday, November 28 report. The company was upgraded on Tuesday, January 19 by Standpoint Research. The rating was maintained by Deutsche Bank on Thursday, May 3 with “Hold”. FBR Capital maintained the shares of AIG in report on Tuesday, May 10 with “Mkt Perform” rating. The rating was maintained by Keefe Bruyette & Woods on Monday, May 29 with “Buy”. The firm earned “Buy” rating on Thursday, May 10 by Goldman Sachs. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with “Buy”. Deutsche Bank maintained the shares of AIG in report on Thursday, August 11 with “Hold” rating.

More news for ServisFirst Bancshares, Inc. (NASDAQ:SFBS) were recently published by: Nasdaq.com, which released: “ServisFirst Bancshares, Inc. Announces Results for Second Quarter of 2018” on July 19, 2018. Seekingalpha.com‘s article titled: “ServisFirst Bancshares, Inc (SFBS) CEO Tom Broughton on Q2 2018 Results – Earnings Call Transcript” and published on July 20, 2018 is yet another important article.

Welch Group Llc, which manages about $645.12 million and $789.75M US Long portfolio, upped its stake in Royal Dutch Shell A Adrf by 28,344 shares to 120,134 shares, valued at $7.67M in 2018Q1, according to the filing. It also increased its holding in Intel Corp (NASDAQ:INTC) by 102,237 shares in the quarter, for a total of 581,594 shares, and has risen its stake in The Southern Company (NYSE:SO).

American International Group, Inc. (NYSE:AIG) Institutional Positions Chart

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