American Equity Investment Life (NYSE:AEL).
Clearbridge Investments, LLC says it bought 221 shares in quarter ending 09/30/2017 increasing its holdings in American Equity Investment Life by 0.0%. Its investment stood at $42,341,000 an increase of $4,083,000 as of the end of the quarter.
Clearbridge Investments, LLC isn’t the only one who has changed their investment in AEL. As of quarter end Kennedy Capital Management, Inc. had disposed of a total of 53,439 shares trimming its stake by 8.2%. The value of the investment in American Equity Investment Life went from $17,140,000 to $17,412,000 a change of 1.6% quarter to quarter. Schwab Charles Investment Management Inc added to its ownership by buying 54,250 shares an increase of 7.5% from 06/30/2017 to 09/30/2017. Schwab Charles Investment Management Inc now holds 777,759 shares with a value of $22,618,000. The value of the position overall is up by 19.0%.
As of the end of the quarter Schneider Capital Management Corp had bought 104,704 shares growing its holdings by 14.6%. The value of the company’s investment in American Equity Investment Life increased from $18,870,000 to $23,926,000 increasing 26.8% quarter over quarter.
Royal Bank Of Canada raised the price target on November 8 boosting the projection from $30.00 to $32.00 with a “Outperform” recommendation. Goldman Sachs Group, Inc. (The) updated guidance on AEL with a rating of “Neutral”.
On October 10 Royal Bank Of Canada left the stock rating at “Buy” projecting a price of $30.00. August 16 investment analysts at Keefe, Bruyette & Woods kept the company rating at “Hold” targeting a price of $28.00.
Equity analyst Royal Bank Of Canada raised the price target of the stock on August 4 changing the forecast from $28.00 to $30.00 with a rating of “Outperform”.
The company is trading up since yesterday’s close of 28.5. The company’s P/E ratio is 10.25 and the market cap is 2.60B. In the last earnings report the EPS was $2.85 with 89.12M shares currently outstanding.
Investors are feeling more bullish on shares of the company recently if you watch the motion in short interest. The firm realized a fall in short interest of -25.73% between October 13, 2017 and October 31, 2017. Short interest fell from 3,589,090 to 2,665,556 over that timeframe. With short interest at 2,665,556 and short average daily volume at 414,867, days to cover is 6.0 and the percentage of shorted shares was 0.03% on October 31.