Nfc Investments Cut American Intl Group (AIG) Stake By $586,975; Firstenergy (FE) Sentiment Is 1.26

September 14, 2018 - By Tyler Harlow

FirstEnergy Corp. (NYSE:FE) Logo

Firstenergy Corp (FE) investors sentiment increased to 1.26 in Q2 2018. It’s up 0.13, from 1.13 in 2018Q1. The ratio improved, as 227 investment professionals increased and started new equity positions, while 180 sold and reduced positions in Firstenergy Corp. The investment professionals in our database now hold: 444.29 million shares, up from 442.23 million shares in 2018Q1. Also, the number of investment professionals holding Firstenergy Corp in top ten equity positions decreased from 9 to 8 for a decrease of 1. Sold All: 34 Reduced: 146 Increased: 163 New Position: 64.

Nfc Investments Llc decreased American Intl Group Inc (AIG) stake by 3.05% reported in 2018Q2 SEC filing. Nfc Investments Llc sold 11,075 shares as American Intl Group Inc (AIG)’s stock declined 4.35%. The Nfc Investments Llc holds 352,244 shares with $18.68 million value, down from 363,319 last quarter. American Intl Group Inc now has $47.37B valuation. The stock increased 1.84% or $0.965 during the last trading session, reaching $53.315. About 2.63 million shares traded. American International Group, Inc. (NYSE:AIG) has declined 14.51% since September 14, 2017 and is downtrending. It has underperformed by 30.13% the S&P500. Some Historical AIG News: 02/05/2018 – AIG’s Transformation Taking Time as First-Quarter Profit Falls; 02/05/2018 – AIG 1Q General Insurance Loss Ratio 67.2; 28/03/2018 – AIG paid new CEO Duperreault $43.1 million in 2017; 15/05/2018 – CARL ICAHN DISSOLVES SHARE STAKE IN PAYPAL HOLDINGS INC; 07/05/2018 – Billionaire Icahn No Longer Shows Insurer AIG as Big Holding; 27/03/2018 – AIG Reveals CEO Pay, Board Changes in an SEC Filing; 07/05/2018 – ICAHN SOLD HIS AIG POSITION WHEN THE STOCK CHANGED HANDS BETWEEN $60 AND $65 – FORBES, CITING; 07/05/2018 – Billionaire investor Carl Icahn has sold his stake in U.S. insurer AIG, Forbes reports; 14/05/2018 – AIG Names Mark D. Lyons as Senior Vice President & Chief Actuary, General Insurance; 02/05/2018 – AIG 1Q General Insurance Net Premiums Written $6.17 Billion

Analysts await American International Group, Inc. (NYSE:AIG) to report earnings on November, 1. They expect $1.21 earnings per share, up 199.18% or $2.43 from last year’s $-1.22 per share. AIG’s profit will be $1.08B for 11.02 P/E if the $1.21 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 15.24% EPS growth.

Among 9 analysts covering American International Group (NYSE:AIG), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. American International Group had 9 analyst reports since April 16, 2018 according to SRatingsIntel. As per Thursday, May 10, the company rating was upgraded by Goldman Sachs. FBR Capital maintained the stock with “Hold” rating in Monday, April 16 report. The rating was upgraded by UBS on Thursday, May 17 to “Buy”. As per Friday, August 10, the company rating was maintained by Argus Research. The firm has “Hold” rating given on Thursday, May 3 by Deutsche Bank. The stock of American International Group, Inc. (NYSE:AIG) has “Neutral” rating given on Friday, April 27 by Buckingham Research. The stock of American International Group, Inc. (NYSE:AIG) earned “Buy” rating by Wells Fargo on Monday, May 14. The rating was maintained by Morgan Stanley with “Overweight” on Friday, May 4.

Investors sentiment decreased to 0.68 in Q2 2018. Its down 0.32, from 1 in 2018Q1. It is negative, as 77 investors sold AIG shares while 279 reduced holdings. 57 funds opened positions while 184 raised stakes. 768.62 million shares or 2.61% more from 749.06 million shares in 2018Q1 were reported. Cibc World Mkts Corp reported 0.08% of its portfolio in American International Group, Inc. (NYSE:AIG). Natixis LP holds 0.19% or 379,452 shares. Loring Wolcott And Coolidge Fiduciary Advsr Ltd Liability Partnership Ma owns 2,917 shares. State Of Tennessee Treasury Department accumulated 542,197 shares. Cheviot Value Management Ltd Liability reported 51,180 shares. Moneta Grp Incorporated Advisors Ltd Limited Liability Company reported 668 shares or 0% of all its holdings. Shelton Mngmt owns 7,122 shares. Moreover, Arga Investment Mngmt Lp has 0.53% invested in American International Group, Inc. (NYSE:AIG) for 81,749 shares. Swiss Bancorp invested in 0.18% or 2.98M shares. Duff Phelps Com has invested 0.01% in American International Group, Inc. (NYSE:AIG). Wealthtrust accumulated 0% or 168 shares. Pitcairn Co has 4,013 shares for 0.02% of their portfolio. Blair William And Communication Il accumulated 17,262 shares. Philadelphia Tru invested in 0.67% or 140,738 shares. Profund reported 18,781 shares.

More recent American International Group, Inc. (NYSE:AIG) news were published by: Seekingalpha.com which released: “Carolinas brace for Hurricane Florence” on September 14, 2018. Also Seekingalpha.com published the news titled: “Florence weakens, still grave threat” on September 13, 2018. Seekingalpha.com‘s news article titled: “Heritage, Allstate, AIG among insurers exposed to potential Hawaii storm” with publication date: August 21, 2018 was also an interesting one.

Since May 4, 2018, it had 2 buys, and 0 selling transactions for $378,754 activity. The insider LEONARDI THOMAS B bought $128,875. $249,879 worth of American International Group, Inc. (NYSE:AIG) shares were bought by STEENLAND DOUGLAS M.

Electron Capital Partners Llc holds 19.29% of its portfolio in FirstEnergy Corp. for 2.70 million shares. Zimmer Partners Lp owns 30.13 million shares or 14.83% of their US portfolio. Moreover, Fir Tree Capital Management Lp has 9.17% invested in the company for 5.73 million shares. The New York-based Grisanti Capital Management Llc has invested 4.53% in the stock. Jet Capital Investors L P, a New York-based fund reported 1.40 million shares.

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company has market cap of $18.39 billion. The firm operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services divisions. It currently has negative earnings. It owns and operates coal-fired, nuclear, hydroelectric, oil and natural gas, wind, and solar power generating facilities.

FirstEnergy Corp. (NYSE:FE) Institutional Positions Chart

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