Does American Equity Investment Life Holding (AEL) Have More Gas After Making All Time High?

October 13, 2017 - By wolcottdaily

Investors sentiment decreased to 1.27 in 2017 Q2. Its down 0.31, from 1.58 in 2017Q1. It dived, as 23 investors sold American Equity Investment Life Holding shares while 62 reduced holdings. 33 funds opened positions while 75 raised stakes. 81.11 million shares or 0.63% less from 81.63 million shares in 2017Q1 were reported.
Pub Employees Retirement System Of Ohio stated it has 0% of its portfolio in American Equity Investment Life Holding (NYSE:AEL). Susquehanna Grp Llp holds 0% of its portfolio in American Equity Investment Life Holding (NYSE:AEL) for 31,138 shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 3,948 shares. United Automobile Association reported 62,200 shares stake. Cipher Cap Limited Partnership accumulated 107,041 shares. Parkside Fincl Fincl Bank invested in 456 shares or 0% of the stock. Lucus Advsr Ltd Limited Liability Company holds 0.48% of its portfolio in American Equity Investment Life Holding (NYSE:AEL) for 13,578 shares. Pacific Ridge Prtn Ltd holds 36,860 shares or 0.28% of its portfolio. Price T Rowe Associate Inc Md holds 0% of its portfolio in American Equity Investment Life Holding (NYSE:AEL) for 29,543 shares. First Tru Advisors Lp has invested 0% in American Equity Investment Life Holding (NYSE:AEL). Gsa Capital Prtnrs Llp accumulated 11,700 shares. State Of Alaska Department Of Revenue reported 17,521 shares. Apollo Mgmt Hldg Limited Partnership stated it has 3.27M shares. Bbva Compass National Bank & Trust holds 0.04% of its portfolio in American Equity Investment Life Holding (NYSE:AEL) for 22,536 shares. Regions Corp reported 0.01% in American Equity Investment Life Holding (NYSE:AEL).

Since May 17, 2017, it had 1 insider buy, and 0 selling transactions for $150,249 activity.

The stock of American Equity Investment Life Holding (NYSE:AEL) reached all time high today, Oct, 13 and still has $32.50 target or 9.00 % above today’s $29.82 share price. This indicates more upside for the $2.65B company. This technical setup was reported by Barchart.com. If the $32.50 PT is reached, the company will be worth $238.50 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.17% or $0.05 on October 13, reaching $29.82. About 320,840 shares traded. American Equity Investment Life Holding (NYSE:AEL) has risen 64.86% since October 13, 2016 and is uptrending. It has outperformed by 48.16% the S&P500.

Investors wait American Equity Investment Life Holding (NYSE:AEL) to report on November, 1. its quarterly earnings Wall Street analysts expect $0.62 earnings per share, up $0.67 or 1,340.00 % from last year’s $-0.05 same quarter earnings. This translates into $55.10M profit for AEL giving the stock a 12.02 P/E. This is assuming the current $0.62 EPS is accurate. American Equity Investment Life Holding’s Wall Street analysts see -12.68 % negative EPS growth, taking into account the $0.71 EPS reproted in the previous quarter,

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

Among 9 analysts covering American Equity Investment Life (NYSE:AEL), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. American Equity Investment Life had 28 analyst reports since August 10, 2015 according to SRatingsIntel. The stock has “Market Perform” rating by Raymond James on Monday, August 10. The firm has “Neutral” rating by Citigroup given on Thursday, January 26. The stock has “Hold” rating by Keefe Bruyette & Woods on Tuesday, June 13. The firm has “In-Line” rating by Evercore given on Tuesday, July 25. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, September 5. FBR Capital downgraded the stock to “Mkt Perform” rating in Wednesday, June 7 report. The rating was initiated by RBC Capital Markets on Friday, January 29 with “Outperform”. The company was maintained on Monday, December 7 by FBR Capital. RBC Capital Markets maintained American Equity Investment Life Holding (NYSE:AEL) on Friday, August 4 with “Outperform” rating. RBC Capital Markets maintained it with “Buy” rating and $2800 target in Monday, July 31 report.

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 Q1 2017 …” on May 06, 2017, also Seekingalpha.com with their article: “The Cheapest Dividend Achiever: American Equity Investment Life” published on July 19, 2017, Desmoinesregister.com published: “David Noble, American Equity founder, dies at 85” on April 18, 2017. More interesting news about American Equity Investment Life Holding (NYSE:AEL) were released by: Insurancenewsnet.com and their article: “American Equity’s New Fee-Based FIA Broadens Portfolio for Agents” published on September 12, 2017 as well as Nasdaq.com‘s news article titled: “The Zacks Analyst Blog Highlights: Stifel Financial, Banco Santander, American …” with publication date: October 13, 2017.

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 $2.65 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 13.98 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.

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