Banking, finance, and taxes
Despite Fresh Highs, Berkowitz & Fairholme Keep Adding AIG Shares (AIG)
Published:
Last Updated:
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:
- 12/09/2010 bought 478,665 shares at $45.11 VWAP with final holdings of 39,257,539 shares.
- 12/10/2010 bought 1,175,400 shares at $48.90 VWAP with final holdings of 40,432,939 shares.
- 12/10/2010 bought 1,600 shares listed as $48.95, but the new total holdings is listed as being 44,294,324 shares on an indirect basis.
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
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
