Could American Equity Investment Life Holding (AEL) Skyrocket Even More? The Stock Just Made All-Time High

October 13, 2017 - By Vivian Currie

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.
Stifel Financial Corp has 8,214 shares for 0% of their portfolio. Nuveen Asset Ltd Limited Liability Company invested 0.11% of its portfolio in American Equity Investment Life Holding (NYSE:AEL). Arrowstreet Cap Partnership, Massachusetts-based fund reported 16,600 shares. Bnp Paribas Arbitrage Sa has invested 0% of its portfolio in American Equity Investment Life Holding (NYSE:AEL). Ajo Lp stated it has 0.01% of its portfolio in American Equity Investment Life Holding (NYSE:AEL). Kennedy Cap Mgmt holds 0.33% or 652,197 shares in its portfolio. State Board Of Administration Of Florida Retirement Systems holds 0.01% or 77,428 shares. Numeric Invsts Ltd Liability Company invested in 508,553 shares or 0.12% of the stock. Employees Retirement Sys Of Texas holds 0.01% or 27,000 shares in its portfolio. Waddell & Reed holds 0.03% or 455,302 shares. Gsa Capital Prtnrs Llp invested in 11,700 shares or 0.02% of the stock. Comml Bank Of America De has invested 0.01% of its portfolio in American Equity Investment Life Holding (NYSE:AEL). Comerica National Bank & Trust holds 0.03% or 143,969 shares. Brown Advisory invested 0% of its portfolio in American Equity Investment Life Holding (NYSE:AEL). Assetmark Inc has invested 0% of its portfolio in American Equity Investment Life Holding (NYSE:AEL).

Since May 17, 2017, it had 1 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.

Analysts expect American Equity Investment Life Holding (NYSE:AEL) to report $0.62 EPS on November, 1.They anticipate $0.67 EPS change or 1,340.00 % from last quarter’s $-0.05 EPS. AEL’s profit would be $55.10 million giving it 12.02 P/E if the $0.62 EPS is correct. After having $0.71 EPS previously, American Equity Investment Life Holding’s analysts see -12.68 % EPS growth.

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 of American Equity Investment Life Holding (NYSE:AEL) earned “Buy” rating by RBC Capital Markets on Tuesday, May 23. The firm earned “Buy” rating on Wednesday, October 14 by Citigroup. The firm has “Outperform” rating given on Friday, August 4 by RBC Capital Markets. The stock has “Buy” rating by Sandler O’Neill on Friday, November 4. The stock has “Neutral” rating by Citigroup on Thursday, January 26. The rating was initiated by Credit Suisse on Friday, October 7 with “Neutral”. The stock of American Equity Investment Life Holding (NYSE:AEL) earned “Overweight” rating by JP Morgan on Monday, June 6. The firm has “Outperform” rating given on Friday, January 29 by RBC Capital Markets. On Tuesday, July 25 the stock rating was downgraded by Evercore to “In-Line”. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, February 11.

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