James Investment Research Inc. lifted its holdings in American Equity Investment Life Holding (NYSE:AEL) by 3.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 129,688 shares of the financial services provider’s stock after purchasing an additional 4,521 shares during the period. James Investment Research Inc.’s holdings in American Equity Investment Life were worth $4,669,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Vigilant Capital Management LLC purchased a new position in shares of American Equity Investment Life in the second quarter worth about $112,000. Point72 Asia Hong Kong Ltd purchased a new position in shares of American Equity Investment Life in the first quarter worth about $188,000. BKS Advisors LLC purchased a new position in shares of American Equity Investment Life in the first quarter worth about $207,000. GSA Capital Partners LLP purchased a new position in shares of American Equity Investment Life in the first quarter worth about $233,000. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of American Equity Investment Life in the fourth quarter worth about $254,000. 93.45% of the stock is currently owned by hedge funds and other institutional investors.
Get American Equity Investment Life alerts:Shares of American Equity Investment Life opened at $35.14 on Friday, Marketbeat Ratings reports. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. American Equity Investment Life Holding has a 12 month low of $25.43 and a 12 month high of $37.16. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 10.52 and a beta of 2.49.
American Equity Investment Life (NYSE:AEL) last issued its earnings results on Wednesday, May 2nd. The financial services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. American Equity Investment Life had a net margin of 8.49% and a return on equity of 11.22%. The company had revenue of $510.78 million for the quarter, compared to the consensus estimate of $514.11 million. During the same period in the previous year, the firm earned $0.66 earnings per share. research analysts anticipate that American Equity Investment Life Holding will post 3.43 EPS for the current fiscal year.
Several equities analysts have recently weighed in on AEL shares. ValuEngine raised shares of American Equity Investment Life from a “hold” rating to a “buy” rating in a research note on Tuesday, May 22nd. Zacks Investment Research raised shares of American Equity Investment Life from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Friday, May 4th. Sandler O’Neill reissued a “buy” rating and issued a $41.00 price target on shares of American Equity Investment Life in a research note on Friday, July 13th. Finally, UBS Group raised shares of American Equity Investment Life from a “sell” rating to a “neutral” rating in a research note on Friday, May 4th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $33.88.
American Equity Investment Life Profile
American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products and services in the United States. The company issues fixed index and rate annuities; and single premium immediate annuities, as well as life insurance products. The company markets its products through various distribution channels, including national marketing organizations, broker/dealers, banks, and registered investment advisors.
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