Dreman Value Management L L C maintained its position in shares of American Equity Investment Life Holding Company (NYSE:AEL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,716 shares of the financial services provider’s stock at the close of the 2nd quarter. Dreman Value Management L L C’s holdings in American Equity Investment Life Holding were worth $560,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of American Equity Investment Life Holding by 5.4% in the second quarter. Vanguard Group Inc. now owns 8,823,142 shares of the financial services provider’s stock valued at $231,872,000 after buying an additional 450,110 shares during the period. BlackRock Inc. lifted its stake in shares of American Equity Investment Life Holding by 39,171.4% in the first quarter. BlackRock Inc. now owns 8,551,338 shares of the financial services provider’s stock valued at $202,068,000 after buying an additional 8,529,563 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of American Equity Investment Life Holding by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 7,458,013 shares of the financial services provider’s stock valued at $195,997,000 after buying an additional 38,858 shares during the period. Macquarie Group Ltd. lifted its stake in shares of American Equity Investment Life Holding by 2.0% in the second quarter. Macquarie Group Ltd. now owns 3,490,620 shares of the financial services provider’s stock valued at $91,733,000 after buying an additional 68,124 shares during the period. Finally, Apollo Management Holdings L.P. lifted its stake in shares of American Equity Investment Life Holding by 26.7% in the second quarter. Apollo Management Holdings L.P. now owns 3,266,544 shares of the financial services provider’s stock valued at $85,845,000 after buying an additional 688,255 shares during the period. Institutional investors and hedge funds own 93.28% of the company’s stock.

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Several equities research analysts recently weighed in on AEL shares. TheStreet upgraded shares of American Equity Investment Life Holding from a “c+” rating to a “b” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of American Equity Investment Life Holding from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Tuesday, August 8th. Royal Bank Of Canada reiterated 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. BidaskClub cut shares of American Equity Investment Life Holding from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. Finally, Keefe, Bruyette & Woods reiterated 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. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. American Equity Investment Life Holding presently has a consensus rating of “Buy” and an average target price of $26.00.

American Equity Investment Life Holding Company (NYSE:AEL) traded up 0.17% on Friday, reaching $29.82. 450,502 shares of the company traded hands. American Equity Investment Life Holding Company has a 52-week low of $15.39 and a 52-week high of $30.25. The firm has a market cap of $2.65 billion, a P/E ratio of 13.74 and a beta of 2.52. The stock has a 50-day moving average price of $28.29 and a 200-day moving average price of $26.17.

American Equity Investment Life Holding (NYSE:AEL) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.12. The firm had revenue of $819.10 million during the quarter, compared to the consensus estimate of $531.83 million. American Equity Investment Life Holding had a net margin of 6.48% and a return on equity of 6.84%. The business’s revenue for the quarter was up 49.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 EPS. Analysts anticipate that American Equity Investment Life Holding Company will post $2.63 earnings per share for the current fiscal 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.

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

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