Elm Ridge Management Cut Its Position in American Intl Group (AIG) by $5.34 Million; American National Bank Has Raised Its Holding in General Motors Co (GM) as Shares Declined

June 14, 2018 - By Darrin Black

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American National Bank increased its stake in General Motors Co (GM) by 11.94% based on its latest 2018Q1 regulatory filing with the SEC. American National Bank bought 11,741 shares as the company’s stock declined 7.80% with the market. The institutional investor held 110,098 shares of the auto manufacturing company at the end of 2018Q1, valued at $4.00M, up from 98,357 at the end of the previous reported quarter. American National Bank who had been investing in General Motors Co for a number of months, seems to be bullish on the $61.26B market cap company. The stock decreased 2.22% or $0.985 during the last trading session, reaching $43.465. About 7.12 million shares traded. General Motors Company (NYSE:GM) has risen 17.48% since June 14, 2017 and is uptrending. It has outperformed by 4.91% the S&P500. Some Historical GM News: 25/04/2018 – FOCUS-GM banks on Chinese vehicle family to boost Brazil sales; 03/05/2018 – LAW FIRM REPORTS PROPOSED SETTLEMENT IN GM IGNITION SWITCH SUIT; 04/04/2018 – GM: SUPPORT A POSITIVE TRADE RELATIONSHIP BETWEEN U.S.-CHINA; 07/03/2018 – General Motors CEO Mary Barra announces the car company will expand production of its Chevrolet Bolt electric vehicle; 24/04/2018 – GM Recognizes AAM for Performance, Quality, and Innovation; 03/04/2018 – Chicago Bus Jrnl: WBBM-Channel 2’s pick for GM surprises employees; 27/03/2018 – GM says S.Korean unit will file for bankruptcy if no union concessions by April 20; 09/05/2018 – GM KOREA VIABLE FOR LONG-TERM WITH NEW MODELS – S.KOREA; 26/04/2018 – Football Rumors: Panthers GM Marty Hurney Vows Not To Trade Future First Round Pick; 26/04/2018 – GM 1Q ONGOING ADJ. EPS $1.43, EST. $1.24; REVENUE BEATS EST

Ron Gutfleish decreased its stake in American Intl Group Inc (AIG) by 57.58% based on its latest 2018Q1 regulatory filing with the SEC. Elm Ridge Management Llc sold 98,963 shares as the company’s stock declined 9.68% with the market. The hedge fund run by Ron Gutfleish held 72,906 shares of the finance company at the end of 2018Q1, valued at $3.97M, down from 171,869 at the end of the previous reported quarter. Elm Ridge Management Llc who had been investing in American Intl Group Inc for a number of months, seems to be less bullish one the $49.49B market cap company. The stock increased 0.79% or $0.43 during the last trading session, reaching $55.13. About 4.43 million shares traded. American International Group, Inc. (NYSE:AIG) has declined 15.56% since June 14, 2017 and is downtrending. It has underperformed by 28.13% the S&P500. Some Historical AIG News: 28/03/2018 – AIG received a federal bailout during the financial crisis that eventually totaled $182.3 billion but was repaid; 27/03/2018 – AIG Also Is Shrinking Its Board, To 11 From 16​; 27/03/2018 – AIG pays Duperreault $14.9mn for 8 months of work; 02/05/2018 – Employee in $100 Million Case Says AIG Kept Making Bonus Pledges; 15/05/2018 – CARL ICAHN DISSOLVES SHARE STAKE IN AIG – SEC FILING; 14/03/2018 – American International Group: Samuel J. Merksamer Won’t Stand for Re-Election to Board; 26/03/2018 – AIG hires general insurance marketing chief from MMC; 02/05/2018 – AIG 1Q Life and Retirement Premiums & Fees $1.18 Billion; 19/04/2018 – AIG Authorizes Two New Entities in the UK and Luxembourg; 24/05/2018 – AIG SAYS ERIC ZHENG LEAVING CO. TO PURSUE OTHER OPPORTUNITIES

Investors sentiment increased to 1 in 2018 Q1. 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. Robeco Institutional Asset Management Bv owns 243,528 shares for 0.06% of their portfolio. 14,195 are held by King Luther Capital Mngmt. Wetherby Asset accumulated 16,033 shares. Nuveen Asset Mngmt Ltd invested in 0.01% or 23,563 shares. Strs Ohio accumulated 650,649 shares or 0.16% of the stock. Exchange Mngmt Inc reported 1,670 shares. Bremer National Association invested in 0.12% or 7,867 shares. Illinois-based Segall Bryant & Hamill Limited Com has invested 0.58% in American International Group, Inc. (NYSE:AIG). Fincl Bank Of America Corporation De holds 0.05% of its portfolio in American International Group, Inc. (NYSE:AIG) for 5.43 million shares. Rampart Investment Management Limited accumulated 13,202 shares. 33,400 are held by Art Advsr Ltd Liability Corporation. Piedmont Investment Advsr Ltd Liability Corp holds 0.2% or 135,463 shares. Assetmark Inc stated it has 0% of its portfolio in American International Group, Inc. (NYSE:AIG). Price T Rowe Md stated it has 30.48M shares. Natixis Advsr Lp holds 283,866 shares or 0.15% of its portfolio.

Another recent and important American International Group, Inc. (NYSE:AIG) news was published by Livetradingnews.com which published an article titled: “American International Group, Inc. (NYSE:AIG) Heffx Technical Analysis” on May 31, 2018.

Elm Ridge Management Llc, which manages about $1.38 billion and $208.68 million US Long portfolio, upped its stake in Citigroup Inc (NYSE:C) by 16,943 shares to 157,888 shares, valued at $10.66M in 2018Q1, according to the filing. It also increased its holding in Hertz Global Hldgs Inc by 42,422 shares in the quarter, for a total of 394,652 shares, and has risen its stake in Southwestern Energy Co (NYSE:SWN).

Analysts await American International Group, Inc. (NYSE:AIG) to report earnings on August, 1. They expect $1.25 earnings per share, down 18.30% or $0.28 from last year’s $1.53 per share. AIG’s profit will be $1.12 billion for 11.03 P/E if the $1.25 EPS becomes a reality. After $1.04 actual earnings per share reported by American International Group, Inc. for the previous quarter, Wall Street now forecasts 20.19% 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 83 analyst reports since August 5, 2015 according to SRatingsIntel. The company was maintained on Wednesday, August 2 by Wells Fargo. The stock of American International Group, Inc. (NYSE:AIG) has “Buy” rating given on Friday, April 21 by Wells Fargo. The stock has “Underweight” rating by Atlantic Securities on Wednesday, November 4. The company was maintained on Monday, December 4 by Keefe Bruyette & Woods. The rating was downgraded by William Blair to “Market Perform” on Wednesday, February 3. The stock of American International Group, Inc. (NYSE:AIG) earned “Neutral” rating by Atlantic Securities on Wednesday, August 9. The firm has “Outperform” rating by FBR Capital given on Wednesday, August 5. Keefe Bruyette & Woods maintained it with “Buy” rating and $7500 target in Wednesday, August 2 report. The rating was downgraded by Deutsche Bank on Monday, March 13 to “Sell”. The stock of American International Group, Inc. (NYSE:AIG) has “Buy” rating given on Thursday, May 10 by Goldman Sachs.

Since February 15, 2018, it had 2 insider buys, and 2 insider sales for $47,270 activity. STEENLAND DOUGLAS M also bought $249,879 worth of American International Group, Inc. (NYSE:AIG) shares. $209,164 worth of American International Group, Inc. (NYSE:AIG) was sold by Macia Seraina. 2,500 American International Group, Inc. (NYSE:AIG) shares with value of $128,875 were bought by LEONARDI THOMAS B.

Investors sentiment increased to 1.01 in Q1 2018. Its up 0.11, from 0.9 in 2017Q4. It is positive, as 77 investors sold GM shares while 292 reduced holdings. 90 funds opened positions while 284 raised stakes. 995.41 million shares or 0.40% less from 999.45 million shares in 2017Q4 were reported. Cornercap Investment Counsel owns 0.51% invested in General Motors Company (NYSE:GM) for 99,383 shares. Robeco Institutional Asset Management Bv has 249,953 shares. 1,700 are held by Prentiss Smith & Co. Bp Public Ltd holds 0.21% of its portfolio in General Motors Company (NYSE:GM) for 157,000 shares. Raymond James Fin Service Advisors Inc holds 246,899 shares. State Of Tennessee Treasury Department has invested 0.16% of its portfolio in General Motors Company (NYSE:GM). Asset Advisors has 3,170 shares. Pggm accumulated 0.2% or 996,000 shares. Wedge Management L Lp Nc accumulated 263,453 shares or 0.09% of the stock. Sol Mgmt Comm reported 0.1% stake. Torray Ltd Liability owns 443,031 shares for 1.67% of their portfolio. 235,720 are owned by Ontario Teachers Pension Plan Board. Zacks Invest invested 0.12% in General Motors Company (NYSE:GM). Advsr Lc has 0.04% invested in General Motors Company (NYSE:GM). The Illinois-based Anchor Bolt LP has invested 4.75% in General Motors Company (NYSE:GM).

Among 30 analysts covering General Motors Company (NYSE:GM), 19 have Buy rating, 3 Sell and 8 Hold. Therefore 63% are positive. General Motors Company had 99 analyst reports since July 24, 2015 according to SRatingsIntel. On Tuesday, July 25 the stock rating was maintained by RBC Capital Markets with “Hold”. The firm earned “Overweight” rating on Friday, June 1 by JP Morgan. The firm earned “Sector Perform” rating on Thursday, October 5 by RBC Capital Markets. The stock has “Hold” rating by Barclays Capital on Monday, September 21. The stock of General Motors Company (NYSE:GM) earned “Underweight” rating by Morgan Stanley on Wednesday, February 24. The company was maintained on Wednesday, October 25 by BMO Capital Markets. The stock of General Motors Company (NYSE:GM) earned “Buy” rating by Piper Jaffray on Tuesday, February 6. The stock of General Motors Company (NYSE:GM) earned “Hold” rating by Vetr on Tuesday, August 11. The firm earned “Buy” rating on Monday, February 12 by Citigroup. Jefferies maintained the stock with “Hold” rating in Monday, October 30 report.

American National Bank, which manages about $347.96 million US Long portfolio, decreased its stake in Johnson & Johnson Com (NYSE:JNJ) by 12,377 shares to 46,521 shares, valued at $5.96 million in 2018Q1, according to the filing. It also reduced its holding in Roper Industries Inc (NYSE:ROP) by 2,483 shares in the quarter, leaving it with 17,682 shares, and cut its stake in Spdr Barclays Cap Conv Etf (CWB).

More notable recent General Motors Company (NYSE:GM) news were published by: Investorplace.com which released: “7 Companies Whose Shareholders Ought to be Worried About Trade War” on June 14, 2018, also Investorplace.com with their article: “Crank up This General Motors Company Opportunity” published on June 13, 2018, Seekingalpha.com published: “GM +10% as dreamy AV talk turns commercial” on May 31, 2018. More interesting news about General Motors Company (NYSE:GM) were released by: Prnewswire.com and their article: “GM Announces Preliminary Voting Results at Annual Meeting of Shareholders” published on June 12, 2018 as well as Seekingalpha.com‘s news article titled: “US tariff plan threatens GM Korea” with publication date: May 30, 2018.

General Motors Company (NYSE:GM) Institutional Positions Chart

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