Ontario Teachers Pension Plan Board Maintains Position in Norfolk Southern (NSC); American Intl Group (AIG) Holder Beaumont Financial Partners Cut Its Position by $1.18 Million

April 23, 2018 - By wolcottdaily

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

Beaumont Financial Partners Llc decreased its stake in American Intl Group Inc (AIG) by 10.4% based on its latest 2017Q4 regulatory filing with the SEC. Beaumont Financial Partners Llc sold 20,035 shares as the company’s stock declined 9.32% with the market. The institutional investor held 172,686 shares of the finance company at the end of 2017Q4, valued at $10.29M, down from 192,721 at the end of the previous reported quarter. Beaumont Financial Partners Llc who had been investing in American Intl Group Inc for a number of months, seems to be less bullish one the $50.06 billion market cap company. The stock increased 0.45% or $0.25 during the last trading session, reaching $55.43. About 5.00 million shares traded. American International Group, Inc. (NYSE:AIG) has declined 11.73% since April 23, 2017 and is downtrending. It has underperformed by 23.28% the S&P500.

Ontario Teachers Pension Plan Board increased its stake in Norfolk Southern Corp (NSC) by 35.74% based on its latest 2017Q4 regulatory filing with the SEC. Ontario Teachers Pension Plan Board bought 12,613 shares as the company’s stock declined 7.56% with the market. The institutional investor held 47,908 shares of the railroads company at the end of 2017Q4, valued at $6.94M, up from 35,295 at the end of the previous reported quarter. Ontario Teachers Pension Plan Board who had been investing in Norfolk Southern Corp for a number of months, seems to be bullish on the $38.74 billion market cap company. The stock decreased 1.52% or $2.11 during the last trading session, reaching $136.75. About 1.37M shares traded. Norfolk Southern Corporation (NYSE:NSC) has risen 20.21% since April 23, 2017 and is uptrending. It has outperformed by 8.66% the S&P500.

Among 30 analysts covering Norfolk Southern Corp. (NYSE:NSC), 7 have Buy rating, 5 Sell and 18 Hold. Therefore 23% are positive. Norfolk Southern Corp. had 99 analyst reports since July 28, 2015 according to SRatingsIntel. The company was initiated on Thursday, August 4 by Loop Capital. The stock of Norfolk Southern Corporation (NYSE:NSC) has “Buy” rating given on Wednesday, February 28 by Cowen & Co. Scotia Capital downgraded it to “Hold” rating and $90 target in Tuesday, July 28 report. Morgan Stanley maintained it with “Underweight” rating and $100 target in Thursday, January 25 report. Morgan Stanley maintained Norfolk Southern Corporation (NYSE:NSC) rating on Thursday, October 26. Morgan Stanley has “Underweight” rating and $78 target. As per Wednesday, January 24, the company rating was maintained by Susquehanna. RBC Capital Markets maintained Norfolk Southern Corporation (NYSE:NSC) rating on Tuesday, August 29. RBC Capital Markets has “Sell” rating and $117.0 target. Citigroup maintained Norfolk Southern Corporation (NYSE:NSC) rating on Wednesday, October 4. Citigroup has “Neutral” rating and $135 target. The stock has “Sell” rating by RBC Capital Markets on Thursday, June 1. The company was downgraded on Monday, October 5 by Barclays Capital.

Since October 26, 2017, it had 0 buys, and 5 selling transactions for $2.43 million activity. Squires James A sold 10,000 shares worth $1.50 million. $244,011 worth of stock was sold by Wheeler Michael Joseph on Friday, February 16.

Investors sentiment is 0.83 in Q4 2017. Its the same as in 2017Q3. It has no change, as 35 investors sold NSC shares while 360 reduced holdings. only 80 funds opened positions while 249 raised stakes. 197.25 million shares or 2.25% less from 201.79 million shares in 2017Q3 were reported. 7,800 were reported by Roof Eidam & Maycock Adv. Ghp Invest stated it has 0.04% in Norfolk Southern Corporation (NYSE:NSC). Investec Asset Mgmt Limited invested in 1.63 million shares. Folger Nolan Fleming Douglas Mgmt reported 0.04% of its portfolio in Norfolk Southern Corporation (NYSE:NSC). Manchester Cap Management Limited Liability Company accumulated 514 shares. Cornerstone Advsr has invested 0.13% of its portfolio in Norfolk Southern Corporation (NYSE:NSC). Massachusetts-based Ballentine Partners Limited Liability Corporation has invested 0.02% in Norfolk Southern Corporation (NYSE:NSC). Segall Bryant & Hamill Ltd Llc holds 0.01% or 2,228 shares. 705 are held by First Financial Corporation In. Gofen And Glossberg Lc Il reported 0.04% stake. 5,989 were accumulated by Integral Derivatives Limited Liability. Royal State Bank Of Canada reported 477,616 shares. Qci Asset Management New York holds 0.02% or 1,107 shares. Financial Architects, a New Jersey-based fund reported 222 shares. 27,726 were accumulated by New Mexico Educational Retirement Board.

Ontario Teachers Pension Plan Board, which manages about $8.12B US Long portfolio, decreased its stake in Lauder Estee Cos Inc (NYSE:EL) by 33,425 shares to 69,127 shares, valued at $8.80 million in 2017Q4, according to the filing. It also reduced its holding in Kla (NASDAQ:KLAC) by 13,919 shares in the quarter, leaving it with 43,785 shares, and cut its stake in Patterson Companies Inc (NASDAQ:PDCO).

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

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 $1.16B for 10.83 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.

Beaumont Financial Partners Llc, which manages about $2.17B and $853.24M US Long portfolio, upped its stake in Spdr Series Trust (LAG) by 24,149 shares to 54,774 shares, valued at $1.57 million in 2017Q4, according to the filing. It also increased its holding in Ishares Tr (IJH) by 3,106 shares in the quarter, for a total of 159,957 shares, and has risen its stake in Pimco Etf Tr (MUNI).

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 firm has “Overweight” rating by Barclays Capital given on Monday, October 16. The rating was upgraded by BMO Capital Markets on Monday, December 12 to “Outperform”. The firm has “Buy” rating given on Friday, April 21 by Wells Fargo. Keefe Bruyette & Woods upgraded the stock to “Outperform” rating in Tuesday, December 15 report. The stock of American International Group, Inc. (NYSE:AIG) has “Buy” rating given on Monday, August 8 by Goldman Sachs. The rating was downgraded by FBR Capital to “Mkt Perform” on Friday, October 2. Buckingham Research initiated the shares of AIG in report on Monday, September 11 with “Sell” rating. FBR Capital maintained American International Group, Inc. (NYSE:AIG) on Wednesday, August 5 with “Outperform” rating. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, August 5. As per Friday, February 9, the company rating was upgraded by Bank of America.

Investors sentiment decreased to 0.7 in 2017 Q4. Its down 0.09, from 0.79 in 2017Q3. It dropped, 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. Janney Montgomery Scott Ltd Limited Liability Company has invested 0.05% in American International Group, Inc. (NYSE:AIG). Eagleclaw Cap Managment Llc invested in 0.91% or 30,100 shares. Johnson Fincl Grp reported 0% stake. Bnp Paribas Asset Mgmt Hldg has invested 0.01% in American International Group, Inc. (NYSE:AIG). Thrivent Financial For Lutherans invested 0.12% in American International Group, Inc. (NYSE:AIG). Drw Securities Ltd Liability Com accumulated 12,600 shares. Bokf Na holds 0.01% or 6,367 shares. Maryland-based Brown Advisory has invested 0.02% in American International Group, Inc. (NYSE:AIG). Aviance Mngmt Limited Liability has 0% invested in American International Group, Inc. (NYSE:AIG). Elm Ridge Management Limited Liability Corp has invested 4.58% in American International Group, Inc. (NYSE:AIG). Oppenheimer Asset Incorporated stated it has 0.41% of its portfolio in American International Group, Inc. (NYSE:AIG). Amundi Pioneer Asset Mngmt Incorporated has 1.09 million shares for 0.1% of their portfolio. Moreover, Mutual Of America Mngmt Ltd Liability has 0.15% invested in American International Group, Inc. (NYSE:AIG). City Hldgs Co has invested 0.01% in American International Group, Inc. (NYSE:AIG). 252,100 are owned by Employees Retirement System Of Texas.

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

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