Banking, finance, and taxes
Despite Fresh Highs, Berkowitz & Fairholme Keep Adding AIG Shares (AIG)
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American International Group Inc. (NYSE: AIG) keeps seeing Fairholme Capital Management, L.L.C. and Bruce Berkowitz take a larger stake in the company. AIG shares hit a new 52-week high just last week after the government and the company outlined the restructuring of the government’s ownership of giant insurer. That move to fresh highs has not deterred Berkowitz as of yet.
We took a look at the holding purchases and the following numbers were available with volume-weighted average prices (VWAP) listed as well:
AIG shares closed down almost 0.9% at $48.52 on the day and shares are up almost 0.9% at $48.94 in the after-hours trading session on Monday.
JON C. OGG
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