American Equity Investment Life Holding Co (NYSE:AEL): Positive Stock Sentiment

July 18, 2017 - By Maria Brooks

 American Equity Investment Life Holding Co (NYSE:AEL): Positive Stock Sentiment

Sentiment for American Equity Investment Life Holding Co (NYSE:AEL)

American Equity Investment Life Holding Co (NYSE:AEL) institutional sentiment decreased to 1.2 in 2016 Q4. Its down -0.29, from 1.49 in 2016Q3. The ratio has dropped, as 100 institutional investors opened new and increased stock positions, while 83 sold and trimmed equity positions in American Equity Investment Life Holding Co. The institutional investors in our partner’s database now own: 80.59 million shares, up from 77.61 million shares in 2016Q3. Also, the number of institutional investors holding American Equity Investment Life Holding Co in their top 10 stock positions increased from 1 to 4 for an increase of 3. Sold All: 19 Reduced: 64 Increased: 63 New Position: 37.

American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. The company has market cap of $2.46 billion. The Firm issues fixed annuity and life insurance products through its life insurance subsidiaries, American Equity Investment Life Insurance Company, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company. It has a 13.69 P/E ratio. The Company’s target market includes the group of individuals aged 45 to 75 seeking to accumulate tax-deferred savings or create guaranteed lifetime income.

The stock increased 0.70% or $0.19 on July 17, reaching $27.52. About shares traded. American Equity Investment Life Holding (NYSE:AEL) has risen 64.86% since July 18, 2016 and is uptrending. It has outperformed by 48.16% the S&P500.

Analysts await American Equity Investment Life Holding (NYSE:AEL) to report earnings on August, 2. They expect $0.59 earnings per share, down 1.67 % or $0.01 from last year’s $0.6 per share. AEL’s profit will be $52.74M for 11.66 P/E if the $0.59 EPS becomes a reality. After $0.66 actual earnings per share reported by American Equity Investment Life Holding for the previous quarter, Wall Street now forecasts -10.61 % negative EPS growth.

Seawolf Capital Llc holds 5.23% of its portfolio in American Equity Investment Life Holding for 111,900 shares. Capital Returns Management Llc owns 236,844 shares or 2.28% of their US portfolio. Moreover, Schneider Capital Management Corp has 1.73% invested in the company for 450,150 shares. The California-based Lombardia Capital Partners Llc has invested 1.65% in the stock. Apollo Management Holdings L.P., a New York-based fund reported 2.58 million shares.#img1#

Since January 1, 0001, it had 1 insider purchase, and 3 selling transactions for $3.01 million activity.

American Equity Investment Life Holding (NYSE:AEL) Ratings Coverage

Ratings analysis reveals 38% of American Equity Investment Life’s analysts are positive. Out of 8 Wall Street analysts rating American Equity Investment Life, 3 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $20 while the high is $32. The stock’s average target of $25 is -9.16% below today’s ($27.52) share price. AEL was included in 22 notes of analysts from August 10, 2015. As per Monday, June 6, the company rating was upgraded by JP Morgan. The stock of American Equity Investment Life Holding (NYSE:AEL) has “Hold” rating given on Tuesday, June 13 by Keefe Bruyette & Woods. The company was initiated on Thursday, January 26 by Citigroup. The firm earned “Outperform” rating on Monday, February 13 by FBR Capital. FBR Capital maintained American Equity Investment Life Holding (NYSE:AEL) rating on Monday, November 28. FBR Capital has “Outperform” rating and $25 target. FBR Capital downgraded American Equity Investment Life Holding (NYSE:AEL) rating on Wednesday, June 7. FBR Capital has “Mkt Perform” rating and $26 target. The firm earned “Neutral” rating on Tuesday, January 3 by JP Morgan. The firm has “Outperform” rating by FBR Capital given on Monday, August 10. The stock of American Equity Investment Life Holding (NYSE:AEL) earned “Outperform” rating by RBC Capital Markets on Thursday, February 11. Keefe Bruyette & Woods initiated the stock with “Mkt Perform” rating in Wednesday, April 26 report.

More notable recent American Equity Investment Life Holding (NYSE:AEL) news were published by: Finance.Yahoo.com which released: “American Equity Reports First Quarter 2017 Results” on May 03, 2017, also Nasdaq.com with their article: “American Equity Investment and Units’ Ratings Reiterated” published on June 30, 2017, Businesswire.com published: “American Equity Investment Life Holding Company Mourns the Death of Board …” on January 10, 2017. More interesting news about American Equity Investment Life Holding (NYSE:AEL) were released by: Desmoinesregister.com and their article: “David Noble, American Equity founder, dies at 85” published on April 18, 2017 as well as Streetinsider.com‘s news article titled: “FBR Capital Downgrades American Equity Investment Life Holding (AEL) to Market …” with publication date: June 07, 2017.

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