Penn Mutual Life Insurance Company Holding in Annaly Capital Management INC (NLY) Lifted by $10.43 Million

June 15, 2018 - By Clifton Ray

Annaly Capital Management, Inc. (NYSE:NLY) LogoInvestors sentiment decreased to 1.11 in Q1 2018. Its down 0.34, from 1.45 in 2017Q4. It is negative, as 53 investors sold NLY shares while 139 reduced holdings. 63 funds opened positions while 150 raised stakes. 615.80 million shares or 3.37% less from 637.26 million shares in 2017Q4 were reported. Thrivent For Lutherans reported 10,882 shares. Sterling Capital Mngmt Ltd Llc has invested 0.3% in Annaly Capital Management, Inc. (NYSE:NLY). World Asset Mngmt owns 0.03% invested in Annaly Capital Management, Inc. (NYSE:NLY) for 52,343 shares. 1.16 million were reported by Bb&T Secs Ltd. Pggm Invests has invested 0.25% in Annaly Capital Management, Inc. (NYSE:NLY). New York-based Bnp Paribas Arbitrage has invested 0% in Annaly Capital Management, Inc. (NYSE:NLY). Strs Ohio owns 0.02% invested in Annaly Capital Management, Inc. (NYSE:NLY) for 357,828 shares. Principal Inc holds 0.1% or 10.21 million shares in its portfolio. Arete Wealth Advsrs Limited Liability Co stated it has 23,696 shares or 0.08% of all its holdings. Advisors Asset Management invested in 1.20M shares or 0.2% of the stock. Omers Administration Corp stated it has 0.03% in Annaly Capital Management, Inc. (NYSE:NLY). Apg Asset Management Nv has 32.72 million shares. Cutter Brokerage Inc holds 0.06% of its portfolio in Annaly Capital Management, Inc. (NYSE:NLY) for 14,233 shares. Smithfield Trust holds 0.01% or 9,300 shares. Wall Street Access Asset Management Ltd Liability Corporation has 53,698 shares.

Penn Mutual Life Insurance Company increased its stake in Annaly Capital Management Inc (NLY) by 215.94% based on its latest 2018Q1 regulatory filing with the SEC. Penn Mutual Life Insurance Company bought 1.04 million shares as the company’s stock rose 0.48% while stock markets declined. The institutional investor held 1.53M shares of the real estate investment trusts company at the end of 2018Q1, valued at $15.91M, up from 483,000 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 bullish on the $12.15 billion market cap company. The stock decreased 0.38% or $0.04 during the last trading session, reaching $10.48. About 14.12 million shares traded or 79.87% up from the average. Annaly Capital Management, Inc. (NYSE:NLY) has declined 11.28% since June 15, 2017 and is downtrending. It has underperformed by 23.85% the S&P500.

More recent Annaly Capital Management, Inc. (NYSE:NLY) news were published by: Twst.com which released: “Annaly Capital Management Inc.: Annaly Capital Management, Inc. Extends Exchange Offer to Acquire MTGE …” on June 15, 2018. Also Streetinsider.com published the news titled: “Annaly Capital Management (NLY) Extends Exchange Offer to Acquire MTGE Investment (MTGE)” on June 15, 2018. Seekingalpha.com‘s news article titled: “The Dinosaur Brings You 4 Preferred Shares” with publication date: May 24, 2018 was also an interesting one.

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

Among 4 analysts covering Annaly Capital Management (NYSE:NLY), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Annaly Capital Management had 4 analyst reports since February 13, 2018 according to SRatingsIntel. The firm has “Neutral” rating given on Tuesday, February 13 by Compass Point. Keefe Bruyette & Woods maintained Annaly Capital Management, Inc. (NYSE:NLY) rating on Thursday, February 15. Keefe Bruyette & Woods has “Hold” rating and $11.5 target. The firm has “Neutral” rating given on Tuesday, May 22 by JP Morgan. The firm has “Hold” rating given on Thursday, May 3 by Deutsche Bank.

Annaly Capital Management, Inc. (NYSE:NLY) Institutional Positions Chart

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