Sentiment for American Equity Investment Life Holding Co (NYSE:AEL)
American Equity Investment Life Holding Co (NYSE:AEL) institutional sentiment decreased to 1.23 in 2015 Q3. Its down -0.65, from 1.88 in 2015Q2. The ratio fall, as 137 active investment managers increased and started new holdings, while 73 reduced and sold their stakes in American Equity Investment Life Holding Co. The active investment managers in our partner’s database now hold: 93.74 million shares, up from 73.55 million shares in 2015Q2. Also, the number of active investment managers holding American Equity Investment Life Holding Co in their top 10 holdings increased from 1 to 2 for an increase of 1. Sold All: 23 Reduced: 50 Increased: 100 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 a market cap of $1.41 billion. The Firm issues fixed annuity and life insurance products through its wholly owned life insurance subsidiaries, American Equity Investment Life Insurance Company , American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company (Eagle Life). It has 6.18 P/E ratio. The Company’s business consists primarily of the sale of fixed index and fixed rate annuities.
About 200,475 shares traded hands. American Equity Investment Life Holding (NYSE:AEL) has declined 31.15% since August 24, 2015 and is downtrending. It has underperformed by 40.17% the S&P500.
Analysts await American Equity Investment Life Holding (NYSE:AEL) to reports earnings on May, 4. They expect $0.61 earnings per share, down 1.61% or $0.01 from last year’s $0.62 per share. AEL’s profit will be $51.23 million for 6.88 P/E if the $0.61 EPS becomes reality. After $0.60 actual earnings per share reported by American Equity Investment Life Holding for the previous quarter, Wall Street now forecasts 1.67% EPS growth.
According to Zacks Investment Research, “American Equity Investment Life Holding Company, through its wholly-owned operating subsidiaries, is a full service underwriter of a broad line of annuity and insurance products, with a primary emphasis on the sale of fixed rate and index annuities.”
Dean Capital Management holds 2.53% of its portfolio in American Equity Investment Life Holding for 77,889 shares. Keeley Asset Management Corp owns 2.22 million shares or 1.47% of their US portfolio. Moreover, Mendon Capital Advisors Corp has 1.29% invested in the company for 199,000 shares. The Ohio-based Dean Investment Associates Llc has invested 1.05% in the stock. Aristotle Capital Boston Llc, a Massachusetts-based fund reported 181,133 shares.#img1#
Since March 13, 2015, the stock had 0 insider buys, and 2 insider sales for $47,943 net activity. Clark Alexander Meeker sold 1,000 shares worth $24,154. Whitfield Harley A sold 1,000 shares worth $23,789. Lorenzen Jeffrey D bought 700 shares worth $16,702. Richardson Debra J sold 1,000 shares worth $26,874. The insider Noble David J sold 30,000 shares worth $862,302.
Ratings analysis reveals 86% of American Equity Investment Life’s analysts are positive. Out of 7 Wall Street analysts rating American Equity Investment Life, 6 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $20 while the high is $25. The stock’s average target of $22.86 is 56.34% above today’s ($16.79) share price. AEL was included in 9 notes of analysts from August 10, 2015. RBC Capital Markets maintained the shares of American Equity Investment Life in a note on February 11 with “Outperform” rating. FBR Capital maintained American Equity Investment Life’s stock on December 7 with “Outperform” rating.
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