As Annaly Capital Management INC (NLY) Stock Price Rose, Penn Mutual Life Insurance Company Has Lowered Its Stake by $3.70 Million

January 22, 2018 - By Winifred Garcia

Investors sentiment increased to 1.46 in 2017 Q3. Its up 0.39, from 1.07 in 2017Q2. It is positive, as 42 investors sold NLY shares while 113 reduced holdings. 61 funds opened positions while 165 raised stakes. 592.53 million shares or 12.10% more from 528.56 million shares in 2017Q2 were reported. Aqr Cap Mgmt Ltd Liability Corp has 1.31 million shares for 0.02% of their portfolio. Penn Mutual Life Communication holds 4.01% in Annaly Capital Management, Inc. (NYSE:NLY) or 483,000 shares. Davenport & Co Lc holds 0% in Annaly Capital Management, Inc. (NYSE:NLY) or 11,547 shares. Fdx Advisors accumulated 100,148 shares. Rothschild Inv Il holds 0.06% or 43,250 shares in its portfolio. Next Inc reported 54,163 shares or 0.18% of all its holdings. Moreover, Pictet Asset Mgmt Ltd has 0.01% invested in Annaly Capital Management, Inc. (NYSE:NLY). Jpmorgan Chase owns 0% invested in Annaly Capital Management, Inc. (NYSE:NLY) for 802,559 shares. Lombard Odier Asset Mngmt (Europe) reported 0.01% in Annaly Capital Management, Inc. (NYSE:NLY). Uss Inv Ltd accumulated 0.06% or 588,300 shares. Moreover, Breton Hill Limited has 0.21% invested in Annaly Capital Management, Inc. (NYSE:NLY). Comerica Savings Bank invested 0.01% of its portfolio in Annaly Capital Management, Inc. (NYSE:NLY). Brighton Jones Lc reported 11,455 shares. Destination Wealth Mngmt accumulated 0.01% or 13,392 shares. Wellington Shields Comm Limited Liability Company has invested 0.04% in Annaly Capital Management, Inc. (NYSE:NLY).

Penn Mutual Life Insurance Company decreased its stake in Annaly Capital Management Inc (NLY) by 38.94% based on its latest 2017Q3 regulatory filing with the SEC. Penn Mutual Life Insurance Company sold 308,000 shares as the company’s stock rose 6.28% with the market. The institutional investor held 483,000 shares of the real estate investment trusts company at the end of 2017Q3, valued at $5.89M, down from 791,000 at the end of the previous reported quarter. Penn Mutual Life Insurance Company who had been investing in Annaly Capital Management Inc for a number of months, seems to be less bullish one the $12.98B market cap company. The stock increased 0.99% or $0.11 during the last trading session, reaching $11.19. About 7.40 million shares traded. Annaly Capital Management, Inc. (NYSE:NLY) has risen 6.73% since January 22, 2017 and is uptrending. It has underperformed by 9.97% the S&P500.

Penn Mutual Life Insurance Company, which manages about $146.62 million US Long portfolio, upped its stake in American Capital Agency by 239,000 shares to 667,000 shares, valued at $14.43M in 2017Q3, according to the filing.

Analysts await Annaly Capital Management, Inc. (NYSE:NLY) to report earnings on February, 21. They expect $0.29 earnings per share, down 3.33 % or $0.01 from last year’s $0.3 per share. NLY’s profit will be $336.26M for 9.65 P/E if the $0.29 EPS becomes a reality. After $0.30 actual earnings per share reported by Annaly Capital Management, Inc. for the previous quarter, Wall Street now forecasts -3.33 % negative EPS growth.

More notable recent Annaly Capital Management, Inc. (NYSE:NLY) news were published by: Nasdaq.com which released: “Annaly Capital Management Inc (NLY) Ex-Dividend Date Scheduled for December 28 …” on December 27, 2017, also Seekingalpha.com with their article: “Annaly Capital Management: This 6.50% Fixed-To-Floating Preferred Stock …” published on January 18, 2018, Nasdaq.com published: “Annaly Capital Management (NLY) Shares Cross Below 200 DMA” on December 28, 2017. More interesting news about Annaly Capital Management, Inc. (NYSE:NLY) were released by: Businesswire.com and their article: “Annaly Capital Management, Inc. Announces Pricing of Public Offering of Series …” published on January 08, 2018 as well as Businesswire.com‘s news article titled: “Annaly Capital Management, Inc. Announces Redemption of All Outstanding Shares …” with publication date: January 09, 2018.

Annaly Capital Management, Inc. (NYSE:NLY) Ratings Coverage

Among 10 analysts covering Annaly Capital Management Inc (NYSE:NLY), 1 have Buy rating, 2 Sell and 7 Hold. Therefore 10% are positive. Annaly Capital Management Inc has $12 highest and $9 lowest target. $10.72’s average target is -4.20% below currents $11.19 stock price. Annaly Capital Management Inc had 24 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank on Friday, August 12 with “Hold”. The firm has “Buy” rating given on Wednesday, August 12 by Nomura. The company was maintained on Friday, August 14 by Wood. The firm has “Buy” rating by Compass Point given on Thursday, August 13. The stock of Annaly Capital Management, Inc. (NYSE:NLY) earned “Mkt Perform” rating by FBR Capital on Tuesday, December 20. Deutsche Bank maintained the stock with “Hold” rating in Monday, August 10 report. The firm has “Hold” rating by Keefe Bruyette & Woods given on Wednesday, June 28. The company was downgraded on Friday, January 15 by Wells Fargo. Bank of America upgraded the stock to “Neutral” rating in Friday, October 9 report. The stock of Annaly Capital Management, Inc. (NYSE:NLY) has “Hold” rating given on Thursday, February 25 by Deutsche Bank.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.