Laurion Capital Management LP cut its position in American Equity Investment Life Holding Company (NYSE:AEL) by 24.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,510 shares of the financial services provider’s stock after selling 3,490 shares during the quarter. Laurion Capital Management LP’s holdings in American Equity Investment Life Holding were worth $276,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in 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 buying an additional 414 shares in the last quarter. Riverhead Capital Management LLC increased its position in American Equity Investment Life Holding by 79.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,026 shares of the financial services provider’s stock worth $132,000 after buying an additional 2,226 shares during the period. Meeder Asset Management Inc. increased its position in American Equity Investment Life Holding by 90.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 5,115 shares of the financial services provider’s stock worth $134,000 after buying an additional 2,427 shares during the period. Quantbot Technologies LP bought a new position in American Equity Investment Life Holding during the 1st quarter worth $144,000. Finally, Ameritas Investment Partners Inc. bought a new position in American Equity Investment Life Holding during the 1st quarter worth $175,000. Institutional investors and hedge funds own 93.28% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada lifted their target price on American Equity Investment Life Holding from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. BidaskClub downgraded shares of American Equity Investment Life Holding from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. ValuEngine upgraded shares of American Equity Investment Life Holding from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. FBR & Co lowered shares of American Equity Investment Life Holding from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $30.00 to $26.00 in a research report on Wednesday, June 7th. Finally, 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. Five investment 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. The company has a consensus rating of “Buy” and an average target price of $25.25.

Shares of American Equity Investment Life Holding Company (NYSE:AEL) opened at 29.01 on Tuesday. American Equity Investment Life Holding Company has a 12-month low of $15.39 and a 12-month high of $29.43. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 13.36 and a beta of 2.52. The stock’s 50 day moving average price is $27.86 and its 200 day moving average price is $25.83.

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

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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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