Gqg Partners Reduces $369M in American International Group, Inc. ($AIG)
Key Points
- Gqg Partners changed its American International Group, Inc. ($AIG) stake by 31.7% last quarter, cutting to 10,587,437 shares worth $796.28 million.
- Wall Street's consensus rating on $AIG is Buy and an average price target of $87.80.
- $AIG last traded around $75.21.
Gqg Partners reduced its position in American International Group, Inc. ($AIG) by 31.7% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,587,437 shares of American International Group, Inc. after selling 4,905,505 shares during the quarter. Gqg Partners's holdings in American International Group, Inc. were worth $796.28 million as of its most recent filing.
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About American International Group, Inc.
American International Group, Inc. provides insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: North America Commercial, International Commercial, and Global Personal. The company offers commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; risk-sharing and other customized structured programs for large corporate and multinational customers; professional liability insurance; and marine, energy-related property insurance products, aviation, political risk, trade credit, and trade finance products. It also provides group personal accident and business travel products for employees, associations, and other organizations; voluntary and sponsor-paid personal accident and supplemental health products for individuals; and personal auto and homeowners in selected markets, comprehensive extended warranty, device protection insurance, home warranty and related services, and insurance for high net-worth individuals. In addition, the company offers mortgage and other loans receivable, such as commercial mortgages, life insurance policy loans, commercial loans, and other loans and notes receivable. American International Group, Inc. was founded in 1919 and is headquartered in New York, New York.
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