AIG: Insurance Winners & Losers

New York, NY (TheStreet) -- Insurance companies ended the week flat.

Manulife(MFC Quote) shed 0.62% ending at $17.70 a share at the closing bell. The change seemed miniscule compared to its more than 6 percent drop the day before, after the insurer revealed a $2.7 billion stock offering.

This would be its second share offering in less than a year, triggering capital concerns and speculation over possible acquisitions.

Travelers(TRV Quote) slipped 0.57% to $52.38. Earlier in the week Warren Buffet revealed that he had been holding 27,000 shares of Travelers at the end of the third quarter.

AIG(AIG Quote) shares fell by 1.57% to $35.10. AIG will be selling off its fund management arm next month, according to a regulatory filing. The business has been managing $88.7 billion as of June and will be sold to Hong Kong billionaire Richard Li's Pacific Century for $500 million.

The company is also trying to sell a Taiwan subsidiary to a Hong Kong Consortium, but may have hit a regulatory snag.

Metlife(MET Quote) fell 0.88% to $33.90. On Wednesday the Financial Industry Regulatory Authority announced that the company and its affiliates had been slapped with a $1.2 million fine for their failure to monitor broker's emails.