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

September 8, 2017 - By Marguerite Chambers

 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 worsened, as 100 hedge funds increased and opened new stock positions, while 83 reduced and sold stakes in American Equity Investment Life Holding Co. The hedge funds in our partner’s database now hold: 80.59 million shares, up from 77.61 million shares in 2016Q3. Also, the number of hedge funds 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 $2.29 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 12.07 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.

It closed at $25.75 lastly. It is down 64.86% since September 8, 2016 and is uptrending. It has outperformed by 48.16% the S&P500.

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 buy, and 0 insider sales for $150,249 activity.

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

Ratings analysis reveals 33% of American Equity Investment Life’s analysts are positive. Out of 9 Wall Street analysts rating American Equity Investment Life, 3 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $20 while the high is $32. The stock’s average target of $25.67 is -0.31% below today’s ($25.75) share price. AEL was included in 27 notes of analysts from August 10, 2015. The rating was maintained by FBR Capital with “Outperform” on Thursday, May 26. RBC Capital Markets maintained the stock with “Buy” rating in Monday, July 31 report. The stock has “Outperform” rating by FBR Capital on Monday, November 28. The stock of American Equity Investment Life Holding (NYSE:AEL) has “Overweight” rating given on Monday, June 6 by JP Morgan. On Thursday, January 26 the stock rating was initiated by Citigroup with “Neutral”. The stock of American Equity Investment Life Holding (NYSE:AEL) earned “Neutral” rating by JP Morgan on Friday, January 8. On Monday, August 10 the stock rating was upgraded by Raymond James to “Market Perform”. As per Friday, November 4, the company rating was upgraded by Sandler O’Neill. As per Tuesday, May 23, the company rating was maintained by RBC Capital Markets. The firm has “Neutral” rating given on Tuesday, January 3 by JP Morgan.

More important recent American Equity Investment Life Holding (NYSE:AEL) news were published by: Seekingalpha.com which released: “The Cheapest Dividend Achiever: American Equity Investment Life” on July 19, 2017, also Reuters.com published article titled: “BRIEF-American Equity Investment Life Holding appoints John Matovina CEO”, Seekingalpha.com published: “American Equity Investment Life Holding’s (AEL) CEO John Matovina on Q1 2017 …” on May 06, 2017. More interesting news about American Equity Investment Life Holding (NYSE:AEL) was released by: Seekingalpha.com and their article: “American Equity Investment Life Holding’s (AEL) CEO John Matovina on Q2 2017 …” with publication date: August 05, 2017.

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