(Reuters) - Billionaire investor Carl Icahn has sold his stake in U.S. insurer AIG, Forbes reported on Monday.
The report said Icahn exited AIG when the company's stock changed hands at a price between $60 and $65 - levels last seen in February. At $65 per AIG share, Icahn's stake would have been worth $2.78 billion, according to Reuters' calculations.
AIG's shares fell nearly 1 percent to $52.30 on Monday morning.
When Icahn first began acquiring his stake in 2015, he advocated splitting AIG into three parts.
The insurer instead embarked on a two-year turnaround plan developed by former Chief Executive Officer Peter Hancock, intending to return $25 billion to shareholders.
Icahn Enterprises did not immediately respond to a request for comment, while AIG declined comment.
(Reporting by Parikshit Mishra in Bengaluru; Editing by Sai Sachin Ravikumar)
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