Scotia Capital Decreased American Intl Group (AIG) Holding by $2.89 Million; As Honeywell Intl (HON) Market Value Declined, Convergence Investment Partners Lowered Holding

April 24, 2018 - By Hazel Jackson

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

Convergence Investment Partners Llc decreased its stake in Honeywell Intl Inc (HON) by 65.54% based on its latest 2017Q4 regulatory filing with the SEC. Convergence Investment Partners Llc sold 21,460 shares as the company’s stock declined 5.96% with the market. The institutional investor held 11,281 shares of the o.e.m. company at the end of 2017Q4, valued at $1.73M, down from 32,741 at the end of the previous reported quarter. Convergence Investment Partners Llc who had been investing in Honeywell Intl Inc for a number of months, seems to be less bullish one the $109.14 billion market cap company. The stock decreased 1.68% or $2.5 during the last trading session, reaching $146.12. About 2.73 million shares traded. Honeywell International Inc. (NYSE:HON) has risen 15.94% since April 24, 2017 and is uptrending. It has outperformed by 4.39% the S&P500.

Scotia Capital Inc decreased its stake in American Intl Group Inc (AIG) by 14.22% based on its latest 2017Q4 regulatory filing with the SEC. Scotia Capital Inc sold 48,973 shares as the company’s stock declined 9.32% with the market. The institutional investor held 295,496 shares of the finance company at the end of 2017Q4, valued at $17.61 million, down from 344,469 at the end of the previous reported quarter. Scotia Capital Inc who had been investing in American Intl Group Inc for a number of months, seems to be less bullish one the $49.62B market cap company. The stock decreased 0.42% or $0.23 during the last trading session, reaching $54.95. About 3.35 million shares traded. American International Group, Inc. (NYSE:AIG) has declined 11.73% since April 24, 2017 and is downtrending. It has underperformed by 23.28% the S&P500.

Analysts await American International Group, Inc. (NYSE:AIG) to report earnings on May, 2 after the close. They expect $1.28 EPS, down 5.88% or $0.08 from last year’s $1.36 per share. AIG’s profit will be $1.16 billion for 10.73 P/E if the $1.28 EPS becomes a reality. After $0.57 actual EPS reported by American International Group, Inc. for the previous quarter, Wall Street now forecasts 124.56% EPS growth.

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 76 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of American International Group, Inc. (NYSE:AIG) has “Buy” rating given on Thursday, April 13 by Wells Fargo. The firm has “Outperform” rating by Keefe Bruyette & Woods given on Tuesday, December 15. The stock of American International Group, Inc. (NYSE:AIG) has “Strong-Buy” rating given on Thursday, August 27 by Vetr. As per Friday, February 12, the company rating was maintained by Credit Suisse. The company was maintained on Tuesday, November 3 by Piper Jaffray. The stock of American International Group, Inc. (NYSE:AIG) earned “Buy” rating by S&P Research on Thursday, October 29. The stock of American International Group, Inc. (NYSE:AIG) earned “Mkt Perform” rating by FBR Capital on Monday, November 28. As per Monday, July 10, the company rating was maintained by RBC Capital Markets. Wells Fargo maintained American International Group, Inc. (NYSE:AIG) on Wednesday, August 2 with “Buy” rating. The company was maintained on Friday, February 17 by RBC Capital Markets.

Since February 15, 2018, it had 0 buys, and 2 insider sales for $331,484 activity. Another trade for 3,503 shares valued at $209,164 was made by Macia Seraina on Friday, February 16.

Scotia Capital Inc, which manages about $7.50B US Long portfolio, upped its stake in Berkshire Hathaway Inc Del (BRKB) by 13,356 shares to 194,246 shares, valued at $38.51 million in 2017Q4, according to the filing. It also increased its holding in Cisco Sys Inc (NASDAQ:CSCO) by 434,539 shares in the quarter, for a total of 469,539 shares, and has risen its stake in Delta Air Lines Inc Del (NYSE:DAL).

Investors sentiment decreased to 0.7 in Q4 2017. Its down 0.09, from 0.79 in 2017Q3. It turned negative, as 85 investors sold AIG shares while 290 reduced holdings. 74 funds opened positions while 189 raised stakes. 747.27 million shares or 0.10% less from 748.00 million shares in 2017Q3 were reported. Bancshares Of America Corp De owns 5.38M shares or 0.05% of their US portfolio. Franklin Resources invested in 0.6% or 20.83M shares. Murphy Capital Incorporated has 0.56% invested in American International Group, Inc. (NYSE:AIG) for 69,053 shares. Employees Retirement Systems Of Texas stated it has 0.19% in American International Group, Inc. (NYSE:AIG). Moreover, Kingdon Capital Mgmt has 0.52% invested in American International Group, Inc. (NYSE:AIG) for 134,567 shares. Schaller Investment, North Carolina-based fund reported 5,000 shares. Benjamin F Edwards And Inc owns 0.03% invested in American International Group, Inc. (NYSE:AIG) for 4,220 shares. Rafferty Asset Mgmt Ltd Llc holds 0.21% in American International Group, Inc. (NYSE:AIG) or 205,490 shares. Moreover, Citigroup has 0.06% invested in American International Group, Inc. (NYSE:AIG) for 1.23 million shares. Brinker Cap, a Pennsylvania-based fund reported 8,936 shares. Pillar Pacific Mgmt Ltd Liability accumulated 4,500 shares. Tortoise Investment Management Lc holds 415 shares or 0.01% of its portfolio. Amer Century Companies owns 22,190 shares. Smith Salley Assoc holds 0.97% or 91,079 shares. Dnb Asset As reported 98,494 shares.

Convergence Investment Partners Llc, which manages about $492.68M and $744.79 million US Long portfolio, upped its stake in Ameriprise Finl Inc (NYSE:AMP) by 2,045 shares to 14,178 shares, valued at $2.40 million in 2017Q4, according to the filing. It also increased its holding in Ebay Inc (NASDAQ:EBAY) by 9,946 shares in the quarter, for a total of 113,844 shares, and has risen its stake in Pilgrims Pride Corp New (NASDAQ:PPC).

Since February 14, 2018, it had 0 insider buys, and 2 sales for $874,731 activity. PARDO JAIME CHICO /FA also sold $448,440 worth of Honeywell International Inc. (NYSE:HON) on Monday, February 26.

Honeywell International Inc. (NYSE:HON) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Posts

>