Brandes Investment Partners LP Lowered Its American Intl Group (AIG) Position; Kcap Financial (KCAP) Shorts Up By 53.2%

November 15, 2017 - By Michael Collier

Brandes Investment Partners Lp decreased American Intl Group Inc (AIG) stake by 14.68% reported in 2017Q2 SEC filing. Brandes Investment Partners Lp sold 293,354 shares as American Intl Group Inc (AIG)’s stock declined 2.08%. The Brandes Investment Partners Lp holds 1.70M shares with $106.57M value, down from 2.00 million last quarter. American Intl Group Inc now has $55.25B valuation. The stock decreased 0.87% or $0.54 during the last trading session, reaching $61.46. About shares traded. American International Group Inc (NYSE:AIG) has risen 8.59% since November 15, 2016 and is uptrending. It has underperformed by 8.11% the S&P500.

Kcap Financial Incorporated (NASDAQ:KCAP) had an increase of 53.2% in short interest. KCAP’s SI was 248,800 shares in November as released by FINRA. Its up 53.2% from 162,400 shares previously. With 93,500 avg volume, 3 days are for Kcap Financial Incorporated (NASDAQ:KCAP)’s short sellers to cover KCAP’s short positions. The SI to Kcap Financial Incorporated’s float is 0.73%. The stock decreased 1.17% or $0.04 on November 14, reaching $3.38. About shares traded. KCAP Financial Inc (NASDAQ:KCAP) has risen 4.78% since November 15, 2016 and is uptrending. It has underperformed by 11.92% the S&P500.

Brandes Investment Partners Lp increased World Fuel Svcs Corp (NYSE:INT) stake by 151,197 shares to 400,002 valued at $15.38M in 2017Q2. It also upped Telecom Italia S P A New (NYSE:TI) stake by 102,101 shares and now owns 6.69M shares. Ubs Group Ag (NYSE:UBS) was raised too.

Analysts await American International Group Inc (NYSE:AIG) to report earnings on February, 13. They expect $1.07 EPS, up 27.38% or $0.23 from last year’s $0.84 per share. AIG’s profit will be $961.89 million for 14.36 P/E if the $1.07 EPS becomes a reality. After $-1.22 actual EPS reported by American International Group Inc for the previous quarter, Wall Street now forecasts -187.70% EPS growth.

Among 21 analysts covering American International Group (NYSE:AIG), 13 have Buy rating, 3 Sell and 5 Hold. Therefore 62% are positive. American International Group has $80.0 highest and $7 lowest target. $67.69’s average target is 10.14% above currents $61.46 stock price. American International Group had 65 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of American International Group Inc (NYSE:AIG) earned “Mkt Perform” rating by FBR Capital on Tuesday, May 10. The firm has “Neutral” rating given on Wednesday, August 9 by Atlantic Securities. Keefe Bruyette & Woods maintained American International Group Inc (NYSE:AIG) on Monday, May 29 with “Buy” rating. The firm has “Market Perform” rating given on Monday, August 22 by BMO Capital Markets. The rating was initiated by Buckingham Research on Monday, September 11 with “Sell”. Vetr downgraded American International Group Inc (NYSE:AIG) on Thursday, August 27 to “Strong-Buy” rating. On Friday, March 11 the stock rating was maintained by Deutsche Bank with “Hold”. The stock of American International Group Inc (NYSE:AIG) has “Neutral” rating given on Friday, February 12 by Credit Suisse. Goldman Sachs maintained American International Group Inc (NYSE:AIG) rating on Monday, August 8. Goldman Sachs has “Buy” rating and $68 target. The rating was downgraded by Avondale on Wednesday, November 4 to “Underperform”.

Investors sentiment increased to 0.64 in Q2 2017. Its up 0.11, from 0.53 in 2017Q1. It increased, as 70 investors sold AIG shares while 341 reduced holdings. 79 funds opened positions while 182 raised stakes. 742.03 million shares or 4.53% less from 777.22 million shares in 2017Q1 were reported. New Mountain Vantage Advisers Limited Liability Corporation reported 504,454 shares. South Dakota Invest Council accumulated 709,411 shares. Marshall Wace Llp reported 0.01% of its portfolio in American International Group Inc (NYSE:AIG). Strs Ohio reported 740,624 shares. Howard Hughes Institute invested in 50,591 shares. Ci Incorporated has invested 0.36% in American International Group Inc (NYSE:AIG). Veritable Lp invested in 0.05% or 35,833 shares. Blair William And Il reported 33,009 shares. Asset Management invested in 0.19% or 87,021 shares. Westpac Bk invested 0% in American International Group Inc (NYSE:AIG). 103,847 were accumulated by Amalgamated Retail Bank. Lsv Asset Management accumulated 295,398 shares. Lmr Ltd Liability Partnership owns 40,509 shares or 0.16% of their US portfolio. The Texas-based Hodges Mgmt Incorporated has invested 0.02% in American International Group Inc (NYSE:AIG). Mufg Americas holds 110,838 shares.

KCAP Financial, Inc. is an internally managed, non-diversified closed-end investment company. The company has market cap of $125.69 million. The Firm has approximately three principal areas of investments. It has a 54.75 P/E ratio. First, the Company originates, structures and invests in senior secured term loans and mezzanine debt primarily in privately-held middle market companies .

Among 6 analysts covering KCAP Financial (NASDAQ:KCAP), 0 have Buy rating, 0 Sell and 6 Hold. Therefore 0 are positive. KCAP Financial had 7 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of KCAP Financial Inc (NASDAQ:KCAP) has “Hold” rating given on Sunday, October 22 by Keefe Bruyette & Woods. The firm has “Market Perform” rating given on Monday, August 17 by Wood. Keefe Bruyette & Woods maintained it with “Hold” rating and $3.5000 target in Thursday, July 20 report. The firm earned “Neutral” rating on Wednesday, April 27 by Janney Capital.

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