Macquarie Group Ltd. grew its holdings in American Equity Investment Life Holding Company (NYSE:AEL) by 3.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,599,783 shares of the financial services provider’s stock after acquiring an additional 109,163 shares during the period. Macquarie Group Ltd. owned about 4.05% of American Equity Investment Life Holding worth $104,681,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of American Equity Investment Life Holding by 11.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,948 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 414 shares during the period. Riverhead Capital Management LLC raised its stake in shares of American Equity Investment Life Holding by 79.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,026 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 2,226 shares during the period. Meeder Asset Management Inc. raised its stake in shares of American Equity Investment Life Holding by 90.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 5,115 shares of the financial services provider’s stock valued at $134,000 after acquiring an additional 2,427 shares during the period. C M Bidwell & Associates Ltd. purchased a new position in shares of American Equity Investment Life Holding in the 2nd quarter valued at $174,000. Finally, Neuberger Berman Group LLC purchased a new position in shares of American Equity Investment Life Holding in the 2nd quarter valued at $203,000. 91.36% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently commented on AEL. The Goldman Sachs Group, Inc. began coverage on shares of American Equity Investment Life Holding in a research note on Wednesday, October 18th. They issued a “neutral” rating and a $29.00 target price on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $30.00 target price on shares of American Equity Investment Life Holding in a research note on Tuesday, October 10th. B. Riley reissued a “neutral” rating on shares of American Equity Investment Life Holding in a research note on Monday, November 6th. ValuEngine downgraded shares of American Equity Investment Life Holding from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $28.00 target price on shares of American Equity Investment Life Holding in a research note on Wednesday, August 16th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $27.63.

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American Equity Investment Life Holding Company (NYSE:AEL) traded down $0.02 during trading on Friday, reaching $29.62. 442,306 shares of the company traded hands, compared to its average volume of 641,887. American Equity Investment Life Holding Company has a 12-month low of $20.22 and a 12-month high of $31.05. The stock has a market cap of $2,640.00, a P/E ratio of 9.63 and a beta of 2.53. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.12 and a quick ratio of 0.12.

American Equity Investment Life Holding (NYSE:AEL) last released its quarterly earnings results on Monday, November 6th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.33. American Equity Investment Life Holding had a net margin of 7.90% and a return on equity of 10.50%. The firm had revenue of $906.00 million for the quarter, compared to the consensus estimate of $615.75 million. During the same quarter in the previous year, the firm posted ($0.05) EPS. The firm’s quarterly revenue was up 43.8% on a year-over-year basis. sell-side analysts predict that American Equity Investment Life Holding Company will post 2.82 earnings per share for the current year.

About American Equity Investment Life Holding

American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. The Company 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.

Institutional Ownership by Quarter for American Equity Investment Life Holding (NYSE:AEL)

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