ClariVest Asset Management LLC decreased its holdings in shares of American Equity Investment Life Holding (NYSE:AEL) by 1.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 251,618 shares of the financial services provider’s stock after selling 3,500 shares during the quarter. ClariVest Asset Management LLC owned about 0.28% of American Equity Investment Life worth $7,388,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Gradient Investments LLC acquired a new position in American Equity Investment Life in the fourth quarter valued at $101,000. BKS Advisors LLC acquired a new position in American Equity Investment Life in the first quarter valued at $207,000. Everence Capital Management Inc. acquired a new position in American Equity Investment Life in the fourth quarter valued at $209,000. V Wealth Management LLC acquired a new position in American Equity Investment Life in the fourth quarter valued at $209,000. Finally, Alps Advisors Inc. acquired a new position in American Equity Investment Life in the fourth quarter valued at $223,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

AEL has been the topic of a number of research analyst reports. ValuEngine cut American Equity Investment Life from a “strong-buy” rating to a “buy” rating in a report on Friday, February 9th. UBS initiated coverage on American Equity Investment Life in a report on Friday, March 2nd. They issued a “sell” rating and a $30.00 target price on the stock. SunTrust Banks reiterated a “buy” rating and issued a $38.00 target price on shares of American Equity Investment Life in a report on Friday, February 9th. Finally, Zacks Investment Research cut American Equity Investment Life from a “buy” rating to a “hold” rating in a report on Tuesday, April 17th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $30.88.

In other American Equity Investment Life news, CEO John M. Matovina sold 20,000 shares of the business’s stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $31.85, for a total transaction of $637,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ronald James Grensteiner sold 28,020 shares of the business’s stock in a transaction dated Friday, March 23rd. The stock was sold at an average price of $30.61, for a total value of $857,692.20. Following the transaction, the executive vice president now owns 122,792 shares in the company, valued at approximately $3,758,663.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 206,620 shares of company stock worth $6,382,885. 1.90% of the stock is currently owned by insiders.

Shares of American Equity Investment Life opened at $29.00 on Friday, according to Marketbeat.com. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 8.54 and a beta of 2.45. American Equity Investment Life Holding has a 12 month low of $28.45 and a 12 month high of $28.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11.

American Equity Investment Life (NYSE:AEL) last issued its quarterly earnings data on Wednesday, May 2nd. The financial services provider reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.01. The company had revenue of $510.78 million for the quarter, compared to analysts’ expectations of $514.11 million. American Equity Investment Life had a return on equity of 11.22% and a net margin of 8.49%. During the same quarter in the previous year, the firm posted $0.66 earnings per share. equities research analysts predict that American Equity Investment Life Holding will post 3.43 earnings per share for the current fiscal year.

American Equity Investment Life Company 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.

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

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