Aperio Group LLC boosted its position in American Equity Investment Life Holding Company (NYSE:AEL) by 8.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 58,457 shares of the financial services provider’s stock after buying an additional 4,449 shares during the period. Aperio Group LLC’s holdings in American Equity Investment Life Holding were worth $1,536,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AEL. Bbva Compass Bancshares Inc. boosted its position in American Equity Investment Life Holding by 12.8% in the first quarter. Bbva Compass Bancshares Inc. now owns 22,011 shares of the financial services provider’s stock worth $520,000 after buying an additional 2,496 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in American Equity Investment Life Holding by 18.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 77,428 shares of the financial services provider’s stock worth $1,830,000 after buying an additional 11,890 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in American Equity Investment Life Holding by 6.6% in the first quarter. Great West Life Assurance Co. Can now owns 121,830 shares of the financial services provider’s stock worth $2,878,000 after buying an additional 7,593 shares during the last quarter. Hillcrest Asset Management LLC boosted its position in American Equity Investment Life Holding by 7.9% in the first quarter. Hillcrest Asset Management LLC now owns 337,189 shares of the financial services provider’s stock worth $7,968,000 after buying an additional 24,810 shares during the last quarter. Finally, Strs Ohio purchased a new position in American Equity Investment Life Holding during the first quarter worth approximately $1,155,000. 93.25% of the stock is currently owned by institutional investors and hedge funds.

Shares of American Equity Investment Life Holding Company (NYSE AEL) traded up 0.88% during mid-day trading on Friday, hitting $27.66. 264,589 shares of the company were exchanged. American Equity Investment Life Holding Company has a 12-month low of $15.27 and a 12-month high of $28.32. The stock has a market cap of $2.46 billion, a PE ratio of 12.74 and a beta of 2.49. The stock’s 50-day moving average price is $26.95 and its 200 day moving average price is $25.28.

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 for the quarter, beating the consensus estimate of $0.59 by $0.12. American Equity Investment Life Holding had a return on equity of 6.84% and a net margin of 6.48%. The company had revenue of $819.10 million during the quarter, compared to analysts’ expectations of $531.83 million. During the same period in the prior year, the business earned $0.60 earnings per share. American Equity Investment Life Holding’s revenue for the quarter was up 49.0% compared to the same quarter last year. On average, equities analysts anticipate that American Equity Investment Life Holding Company will post $2.62 EPS for the current fiscal year.

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A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of American Equity Investment Life Holding from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Tuesday. TheStreet raised shares of American Equity Investment Life Holding from a “c+” rating to a “b” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada boosted their target price on shares of American Equity Investment Life Holding from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. BidaskClub raised shares of American Equity Investment Life Holding from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 11th. Finally, FBR & Co cut shares of American Equity Investment Life Holding from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $30.00 to $26.00 in a research report on Wednesday, June 7th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $25.00.

In other American Equity Investment Life Holding news, Director Alan David Matula acquired 6,270 shares of American Equity Investment Life Holding stock in a transaction dated Wednesday, May 17th. The stock was bought at an average cost of $23.96 per share, with a total value of $150,229.20. Following the completion of the transaction, the director now owns 13,220 shares of the company’s stock, valued at $316,751.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.05% of the stock is currently owned by corporate insiders.

American Equity Investment Life Holding Company Profile

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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