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
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
