American Equity Investment Life (NYSE:AEL) Rating Reaffirmed
Recently, In an analyst research report revealed to clients on Monday morning, American Equity Investment Life (NYSE:AEL) shares have had their “Outperform” Rating maintained by equity analysts at FBR Capital, who currently has a $32.0 target on company. This target by FBR Capital would possibly suggest the possibile upside of 21.77% from the last price.
From a total of 5 analysts covering American Equity Investment Life (NYSE:AEL) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. The highest target price is $36 while the lowest target price is $30. The mean of all analyst targets is $31.8 with a 11.61% above today’s ($26.28) stock price. American Equity Investment Life was the topic of 4 analyst reports since August 10, 2015 according to the firm StockzIntelligence Inc. Citigroup initiated shares on October 14 with “Buy” rating.
The stock increased 1.19% or $0.31 on December 4, striking $26.28. Approximately shares of stock traded hands. American Equity Investment Life Holding (NYSE:AEL) has declined 4.82% since May 4, 2015 and is downtrending. It has underperformed by 3.74% the S&P500.
The overall sentiment of institutions has increased to 1.88 in Q2 2015. Its up 0.12, from 1.76 in 2015Q2. The ratio improved, as 23 institutions have sold all the shares of American Equity Investment Life Holding that they owned while 50 funds have taken shares off the table. 37 funds have purchased shares for the first time while 100 added to their positions. These institutions now hold 93.74 million shares or 27.44% more than the 73.55 million shares they owned in 2015Q2.
The Fund Dean Capital Management currently is holding shares equating to 2.53% of its total portfolio in American Equity Investment Life Holding representing a total of 77,889 shares. Another fund,Keeley Asset Management Corp, is holding a total of 2.22 million shares equating to 1.47% of their holdings. Additionally, Mendon Capital Advisors Corp has a 199,000 share stake in American Equity Investment Life Holding which represents 1.29% of their total portfolio. The Fund, Dean Investment Associates Llc, based out of Ohio, has also built up a stake in the stock, which represents a total of 1.05% of their total portfolio. Finally Aristotle Capital Boston Llc, a fund which is based in the state of Massachusetts reported a total holdings of 181,133 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 13, 2015, shareholders of American Equity Investment Life Holding have witnessed 1 insider purchase, and a total of 3 insider sales equating to a net activity of approximately $58,115 . Clark Alexander Meeker sold 1,000 shares worth approximately $24,154. Whitfield Harley A sold 1,000 shares worth approximately $23,789. Lorenzen Jeffrey D bought 700 shares worth approximately $16,702. Richardson Debra J sold 1,000 shares worth approximately $26,874. The company insider Noble David J sold 30,000 shares worth $862,302.
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 $2.14 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 9.74 P/E ratio. The Company’s business consists primarily of the sale of fixed index and fixed rate annuities.
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.” Get a free copy of the Zacks research report on American Equity Investment Life Holding (AEL).