American Equity Investment Life Holding Company (AEL) Reaches $33.96 High on Jan, 14; Conatus Capital Management LP Cut By $22.88 Million Its Constellation Brands (STZ) Position

January 14, 2018 - By Dolores Ford

Conatus Capital Management Lp decreased Constellation Brands Inc (STZ) stake by 40.98% reported in 2017Q3 SEC filing. Conatus Capital Management Lp sold 114,985 shares as Constellation Brands Inc (STZ)’s stock rose 13.40%. The Conatus Capital Management Lp holds 165,601 shares with $33.03M value, down from 280,586 last quarter. Constellation Brands Inc now has $42.54 billion valuation. The stock decreased 0.70% or $1.53 during the last trading session, reaching $217.52. About 4.27 million shares traded or 170.72% up from the average. Constellation Brands, Inc. (NYSE:STZ) has risen 17.20% since January 14, 2017 and is uptrending. It has outperformed by 0.50% the S&P500.

The stock of American Equity Investment Life Holding Company (NYSE:AEL) reached all time high today, Jan, 14 and still has $36.34 target or 7.00% above today’s $33.96 share price. This indicates more upside for the $3.03B company. This technical setup was reported by Barchart.com. If the $36.34 PT is reached, the company will be worth $211.89 million more. The stock decreased 1.19% or $0.41 during the last trading session, reaching $33.96. About 525,584 shares traded. American Equity Investment Life Holding Company (NYSE:AEL) has risen 64.86% since January 14, 2017 and is uptrending. It has outperformed by 48.16% the S&P500.

American Equity Investment Life Holding Company, through its subsidiaries, develops and sells fixed index and fixed rate annuity products in the United States. The company has market cap of $3.03 billion. It issues fixed index annuities and fixed rate annuities, as well as single premium immediate annuities. It has a 11.89 P/E ratio. The firm also offers life insurance products comprising traditional ordinary and term, universal life, and other interest-sensitive life insurance products.

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 35 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was initiated by Credit Suisse on Friday, October 7 with “Neutral”. The firm has “Mkt Perform” rating by FBR Capital given on Wednesday, June 7. The stock of American Equity Investment Life Holding Company (NYSE:AEL) earned “Overweight” rating by JP Morgan on Monday, June 6. The stock has “Neutral” rating by JP Morgan on Friday, January 8. Keefe Bruyette & Woods maintained the shares of AEL in report on Tuesday, June 13 with “Hold” rating. The firm earned “Hold” rating on Wednesday, November 15 by FBR Capital. Keefe Bruyette & Woods maintained it with “Hold” rating and $28.0 target in Tuesday, August 15 report. Keefe Bruyette & Woods initiated the shares of AEL in report on Wednesday, April 26 with “Mkt Perform” rating. The firm has “Market Perform” rating given on Monday, August 10 by Raymond James. The company was upgraded on Friday, November 4 by Sandler O’Neill.

Investors sentiment decreased to 1.26 in Q3 2017. Its down 0.01, from 1.27 in 2017Q2. It dropped, as 21 investors sold American Equity Investment Life Holding Company shares while 65 reduced holdings. 36 funds opened positions while 72 raised stakes. 81.49 million shares or 0.46% more from 81.11 million shares in 2017Q2 were reported. Kennedy Management reported 598,758 shares stake. The Ohio-based Diamond Hill Cap Mgmt has invested 0.02% in American Equity Investment Life Holding Company (NYSE:AEL). Jane Street Grp Inc Inc Ltd Limited Liability Company has 8,350 shares. The California-based Fdx Inc has invested 0.02% in American Equity Investment Life Holding Company (NYSE:AEL). State Street reported 2.47 million shares. Wells Fargo And Mn has 508,974 shares. 7,401 are owned by Ameritas Investment. Meeder Asset has invested 0% in American Equity Investment Life Holding Company (NYSE:AEL). Verition Fund reported 0.04% in American Equity Investment Life Holding Company (NYSE:AEL). First Trust Advisors L P invested 0% of its portfolio in American Equity Investment Life Holding Company (NYSE:AEL). Victory Management Inc invested in 0.08% or 1.27 million shares. Ajo Ltd Partnership accumulated 0.04% or 346,048 shares. Cibc Asset Incorporated reported 11,123 shares. Vanguard Group Inc Inc reported 9.03 million shares. Sterling Cap Lc has 0.02% invested in American Equity Investment Life Holding Company (NYSE:AEL) for 58,897 shares.

Analysts await American Equity Investment Life Holding Company (NYSE:AEL) to report earnings on February, 14. They expect $0.67 EPS, up 6.35% or $0.04 from last year’s $0.63 per share. AEL’s profit will be $59.72M for 12.67 P/E if the $0.67 EPS becomes a reality. After $0.96 actual EPS reported by American Equity Investment Life Holding Company for the previous quarter, Wall Street now forecasts -30.21% negative EPS growth.

Among 22 analysts covering Constellation Brands (NYSE:STZ), 15 have Buy rating, 0 Sell and 7 Hold. Therefore 68% are positive. Constellation Brands had 74 analyst reports since August 27, 2015 according to SRatingsIntel. The company was maintained on Thursday, June 29 by Pivotal Research. Argus Research maintained it with “Buy” rating and $144 target in Friday, October 2 report. The firm has “Buy” rating given on Thursday, September 14 by RBC Capital Markets. Argus Research maintained Constellation Brands, Inc. (NYSE:STZ) on Thursday, October 8 with “Buy” rating. The firm has “Buy” rating given on Thursday, April 6 by Pivotal Research. The firm has “Hold” rating given on Wednesday, February 1 by HSBC. Wells Fargo maintained the stock with “Outperform” rating in Tuesday, April 11 report. RBC Capital Markets maintained it with “Outperform” rating and $148 target in Thursday, October 8 report. The stock of Constellation Brands, Inc. (NYSE:STZ) has “Buy” rating given on Friday, December 11 by Stifel Nicolaus. Cowen & Co maintained it with “Buy” rating and $23000 target in Wednesday, August 2 report.

Since August 1, 2017, it had 0 buys, and 5 insider sales for $24.74 million activity. 2,935 shares valued at $616,644 were sold by Newlands William A on Monday, October 9. 54,834 shares were sold by MULLIN THOMAS J, worth $10.66 million. $2.47 million worth of Constellation Brands, Inc. (NYSE:STZ) was sold by Hackett William F. on Wednesday, August 23. FROMBERG BARRY A also sold $520,000 worth of Constellation Brands, Inc. (NYSE:STZ) on Tuesday, October 10.

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