Stock of the Day: Could American Equity Investment Life Holding Rise Even More? The Stock Had Another Big Increase Today

Stock of the Day: Could American Equity Investment Life Holding Rise Even More? The Stock Had Another Big Increase Today

The stock of American Equity Investment Life Holding (NYSE:AEL) is a huge mover today! About 211,075 shares traded hands. American Equity Investment Life Holding (NYSE:AEL) has declined 1.48% since April 5, 2016 and is downtrending. It has underperformed by 3.44% the S&P500.
The move comes after 8 months positive chart setup for the $1.47B company. It was reported on Nov, 7 by Barchart.com. We have $23.81 PT which if reached, will make NYSE:AEL worth $588.00M more.

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

Out of 6 analysts covering American Equity Investment Life (NYSE:AEL), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. American Equity Investment Life has been the topic of 14 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock of American Equity Investment Life Holding (NYSE:AEL) has “Market Perform” rating given on Monday, August 10 by Raymond James. JP Morgan initiated American Equity Investment Life Holding (NYSE:AEL) on Friday, January 8 with “Neutral” rating. The rating was upgraded by Sandler O’Neill to “Buy” on Friday, November 4. The stock has “Hold” rating given by Sandler O’Neill on Thursday, April 7. JP Morgan upgraded the shares of AEL in a report on Monday, June 6 to “Overweight” rating. The firm earned “Buy” rating on Wednesday, October 14 by Citigroup. The firm earned “Outperform” rating on Friday, January 29 by RBC Capital Markets. The stock of American Equity Investment Life Holding (NYSE:AEL) has “Outperform” rating given on Monday, December 7 by FBR Capital. FBR Capital maintained the stock with “Outperform” rating in Thursday, May 26 report. The stock has “Neutral” rating given by Credit Suisse on Friday, October 7.

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.”

Insitutional Activity: The institutional sentiment decreased to 1.04 in 2016 Q2. Its down 0.42, from 1.46 in 2016Q1. The ratio turned negative, as 33 funds sold all American Equity Investment Life Holding shares owned while 47 reduced positions. 14 funds bought stakes while 69 increased positions. They now own 74.22 million shares or 7.46% less from 80.21 million shares in 2016Q1.
The Massachusetts-based State Street has invested 0% in American Equity Investment Life Holding (NYSE:AEL). Bridgeway Cap Inc, a Texas-based fund reported 133,200 shares. The Massachusetts-based Eagle Boston Inv Mgmt has invested 0.7% in American Equity Investment Life Holding (NYSE:AEL). The Massachusetts-based Putnam Ltd has invested 0.01% in American Equity Investment Life Holding (NYSE:AEL). First Advisors Limited Partnership holds 0% or 101,383 shares in its portfolio. Century Capital Mngmt Ltd Liability Corp reported 208,396 shares or 0.33% of all its holdings. Principal Financial Group Incorporated owns 595,242 shares or 0.01% of their US portfolio. Envestnet Asset Mngmt has 0% invested in the company for 28,957 shares. Manufacturers Life The accumulated 0% or 54,527 shares. Moreover, New Amsterdam Prtn Ltd Company Ny has 0.62% invested in American Equity Investment Life Holding (NYSE:AEL) for 179,823 shares. Moreover, Sei Investments has 0.01% invested in American Equity Investment Life Holding (NYSE:AEL) for 75,994 shares. Los Angeles Cap Mngmt And Equity Rech last reported 0.02% of its portfolio in the stock. Deutsche Savings Bank Ag holds 0.01% or 646,269 shares in its portfolio. Ladenburg Thalmann Ser holds 821 shares or 0% of its portfolio. Invesco Ltd accumulated 2.14M shares or 0.01% of the stock.

Insider Transactions: Since June 8, 2016, the stock had 0 insider purchases, and 2 insider sales for $137,280 net activity. On Monday, September 19 the insider WHITFIELD HARLEY A sold $54,000. $83,280 worth of American Equity Investment Life Holding (NYSE:AEL) was sold by Clark Alexander Meeker on Wednesday, June 8.

More notable recent American Equity Investment Life Holding (NYSE:AEL) news were published by: Seekingalpha.com which released: “American Equity Investment Life Holding’s (AEL) CEO John Matovina on Q3 2016 …” on November 05, 2016, also Nasdaq.com with their article: “American Equity Investment Life Holding Becomes Oversold (AEL)” published on November 03, 2016, Reuters.com published: “BRIEF-American Equity Investment Life Holding enters credit agreement for …” on October 03, 2016. More interesting news about American Equity Investment Life Holding (NYSE:AEL) were released by: Benzinga.com and their article: “How The Dept. Of Labor’s New Fiduciary Rule Could Affect American Equity …” published on October 07, 2016 as well as Fool.com‘s news article titled: “Why American Equity Investment Life Holding Company Stock Plunged Today” with publication date: April 06, 2016.

AEL Company Profile

American Equity Investment Life Holding Company, incorporated on December 18, 1997, is engaged in the development and sale of fixed index and fixed rate annuity products. The Firm issues fixed annuity and life insurance products through its life insurance subsidiaries, American Equity Investment Life Insurance Company (American Equity Life), American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company (Eagle Life). The Firm operates through the sale of fixed index and fixed rate annuities segment. The Company’s products include Fixed Index Annuities, Fixed Rate Annuities, Withdrawal Options-Fixed Index and Fixed Rate Annuities and Life Insurance.

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.

Related posts

Leave a Comment