Freestone Capital Holdings Upped By $2.14 Million Its Qualcomm (QCOM) Position; American International Group (AIG) Has 1 Sentiment

August 12, 2018 - By Billy Entrekin

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Freestone Capital Holdings Llc increased Qualcomm Inc (QCOM) stake by 10.78% reported in 2018Q1 SEC filing. Freestone Capital Holdings Llc acquired 38,846 shares as Qualcomm Inc (QCOM)’s stock declined 10.48%. The Freestone Capital Holdings Llc holds 399,051 shares with $22.11M value, up from 360,205 last quarter. Qualcomm Inc now has $95.23 billion valuation. The stock decreased 0.40% or $0.26 during the last trading session, reaching $64.82. About 6.74M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 2.58% since August 12, 2017 and is uptrending. It has underperformed by 9.99% the S&P500. Some Historical QCOM News: 14/03/2018 – Broadcom to end bid for Qualcomm, keeps plan to move to US; 14/03/2018 – Phone Scoop: Broadcom Ends Bid to Acquire Qualcomm: Broadcom today said it will no longer pursue its proposed acquisition of; 12/04/2018 – Altek Corporation (3059 TT) becomes the first ODM to deliver reference designs based on the Qualcomm Vision Intelligence Platfo; 12/03/2018 – Bloomberg Asia: BREAKING: Trump issues order to block Broadcom’s takeover of Qualcomm; 14/03/2018 – Broadcom to end bid for Qualcomm after Trump blocks deal; 05/03/2018 – U.S. Orders Qualcomm to Delay Board Meeting for Review of Broadcom Offer –5th Update; 12/03/2018 – Trump Issues Order to Block Broadcom’s Takeover of Qualcomm; 25/04/2018 – QUALCOMM INC QTRLY QCT REVENUES OF $$3,897 MLN VS $3,676 MLN REPORTED LAST YEAR; 18/04/2018 – ganadineroamerica: Qualcomm begins layoffs as part of cost cuts: Bloomberg (Reuters) – Chipmaker Qualcomm Inc has begun cutting; 16/03/2018 – Son of Qualcomm Co-Founder Was Stripped of Executive Chairman Title Amid Broadcom Fight

American International Group Inc (AIG) investors sentiment increased to 1 in 2018 Q1. It’s up 0.30, from 0.7 in 2017Q4. The ratio has increased, as 316 hedge funds increased or started new holdings, while 315 cut down and sold their holdings in American International Group Inc. The hedge funds in our database now own: 749.06 million shares, up from 747.27 million shares in 2017Q4. Also, the number of hedge funds holding American International Group Inc in top ten holdings was flat from 20 to 20 for the same number . Sold All: 66 Reduced: 249 Increased: 226 New Position: 90.

Starr International Co Inc holds 85.7% of its portfolio in American International Group, Inc. for 15.37 million shares. Spindletop Capital Llc owns 305,000 shares or 12.3% of their US portfolio. Moreover, Dudley & Shanley Inc. has 10.01% invested in the company for 961,506 shares. The Switzerland-based Jabre Capital Partners S.A. has invested 9.02% in the stock. Nfc Investments Llc, a Tennessee-based fund reported 363,319 shares.

Analysts await American International Group, Inc. (NYSE:AIG) to report earnings on November, 1. They expect $1.23 earnings per share, 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 earnings per share reported by American International Group, Inc. for the previous quarter, Wall Street now forecasts 17.14% EPS growth.

Since January 1, 0001, it had 2 insider purchases, and 2 insider sales for $47,270 activity.

American International Group, Inc. provides insurance products for commercial, institutional, and individual clients primarily in the United States, Europe, and Japan. The company has market cap of $46.40 billion. The companyÂ’s Commercial Insurance segment offers general liability, environmental, commercial automobile liability, workersÂ’ compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; aerospace, political risk, trade credit, surety, and marine insurance; and various insurance products for small and medium sized enterprises. It currently has negative earnings. It also provides professional liability insurance products for a range of businesses and risks, including directors and officers liability, fidelity, employment practices, fiduciary liability, cybersecurity risk, kidnap and ransom, and errors and omissions insurance.

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. (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: 12/04/2018 – AIG – VIDOVICH IS JOINING AIG FROM XL CATLIN; 09/05/2018 – AIG SHAREHOLDERS BACK EXECUTIVE PAY PLAN, RE-ELECT DIRECTORS; 02/05/2018 – AIG 1Q Return on Equity 5.9%; 02/05/2018 – AIG 1Q Net Investment Income From Insurance Companies Fell 9% to $3.3 Billion; 14/05/2018 – Cadence Capital Adds AIG, Exits Patrick Industries: 13F; 07/05/2018 – Carl Icahn sells stake in AIG – Forbes; 12/04/2018 – AIG, Ernst & Young in Global Tax Compliance, Technology Pact; 29/05/2018 – American International Group I CDS Widens 7 Bps, Most in 10 Wks; 02/05/2018 – AIG 1Q General Insurance International Net Premiums Written $4.13 Billion; 07/05/2018 – Billionaire investor Carl Icahn has sold his stake in U.S. insurer AIG, Forbes reports

More important recent American International Group, Inc. (NYSE:AIG) news were published by: Seekingalpha.com which released: “AIG slumps after Q2 miss” on August 02, 2018, also Seekingalpha.com published article titled: “AIG Using Reinsurance As Performance Lever, Program Expansion Likely”, Businesswire.com published: “AIG Names Thomas Lillelund as Chief Executive Officer of AIG Europe SA” on August 08, 2018. More interesting news about American International Group, Inc. (NYSE:AIG) was released by: Seekingalpha.com and their article: “AIG Closes On Validus Deal, Adds AlphaCat ILS Unit To Its Operations” with publication date: July 20, 2018.

Among 15 analysts covering Qualcomm Inc (NASDAQ:QCOM), 7 have Buy rating, 1 Sell and 7 Hold. Therefore 47% are positive. Qualcomm Inc had 29 analyst reports since February 13, 2018 according to SRatingsIntel. Canaccord Genuity maintained the stock with “Buy” rating in Tuesday, March 13 report. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Buy” rating by RBC Capital Markets on Wednesday, April 4. The rating was maintained by KeyBanc Capital Markets on Thursday, July 26 with “Overweight”. On Thursday, May 10 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by Susquehanna with “Buy” on Thursday, April 26. On Thursday, April 19 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm has “Outperform” rating by Cowen & Co given on Monday, August 6. The company was maintained on Thursday, April 26 by Citigroup. RBC Capital Markets maintained it with “Buy” rating and $80.0 target in Monday, February 19 report. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Buy” rating by Canaccord Genuity on Wednesday, April 25.

Freestone Capital Holdings Llc decreased Alps Etf Tr (AMLP) stake by 1.08 million shares to 294,545 valued at $2.76M in 2018Q1. It also reduced Cars Com Inc stake by 146,764 shares and now owns 9,799 shares. Mesabi Tr (NYSE:MSB) was reduced too.

Since February 27, 2018, it had 0 insider buys, and 8 sales for $4.87 million activity. ROGERS ALEXANDER H had sold 662 shares worth $33,597 on Friday, April 27. The insider Rosenberg Donald J sold $618,603. 50,126 shares were sold by THOMPSON JAMES H, worth $3.14M on Friday, March 9. Another trade for 16,082 shares valued at $852,989 was sold by AMON CRISTIANO R.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Seekingalpha.com which released: “Qualcomm Bouncing Back” on August 09, 2018, also Nasdaq.com with their article: “Qualcomm to Unveil Smartwatch Processor Sept. 10” published on August 09, 2018, Nasdaq.com published: “Qualcomm (QCOM) Stock Soars as Earnings Smash Expectations” on July 26, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Seekingalpha.com and their article: “Qualcomm: Cowen upgrades, sees 22% upside” published on August 06, 2018 as well as Nasdaq.com‘s news article titled: “Will Top-Line Woes Hurt Qualcomm’s (QCOM) Earnings in Q3?” with publication date: July 23, 2018.

Investors sentiment decreased to 0.78 in Q1 2018. Its down 0.05, from 0.83 in 2017Q4. It fall, as 104 investors sold QCOM shares while 500 reduced holdings. 100 funds opened positions while 370 raised stakes. 1.11 billion shares or 0.11% less from 1.11 billion shares in 2017Q4 were reported. Baker Avenue Asset Management LP has invested 1.21% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). First Long Island Invsts Ltd holds 2.03% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 264,666 shares. Loomis Sayles & Lp holds 17.78 million shares. Tradewinds Cap Mgmt Limited Company has invested 0.03% in QUALCOMM Incorporated (NASDAQ:QCOM). Credit Limited Liability Corp stated it has 4,000 shares. Mason Street Advisors Limited Liability accumulated 206,211 shares. Intact Invest Management holds 0.4% or 186,600 shares in its portfolio. Highland Capital Management owns 49,462 shares. Meiji Yasuda Life Insurance Commerce owns 24,100 shares for 0.2% of their portfolio. Bridges Inv Mgmt owns 114,672 shares. Panagora Asset Mngmt holds 0.09% or 399,761 shares in its portfolio. Cape Cod Five Cents Bancshares accumulated 20,937 shares or 0.18% of the stock. Farmers Tru invested in 4,619 shares or 0.08% of the stock. Guinness Asset Mngmt Ltd invested in 55,220 shares or 0.67% of the stock. Sather Fincl Group has invested 2.74% in QUALCOMM Incorporated (NASDAQ:QCOM).

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

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