MetLife Investment Advisors LLC lifted its holdings in shares of American Equity Investment Life Holding (NYSE:AEL) by 6.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,984 shares of the financial services provider’s stock after buying an additional 2,593 shares during the period. MetLife Investment Advisors LLC’s holdings in American Equity Investment Life were worth $1,475,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the stock. Swiss National Bank grew its position in American Equity Investment Life by 3.5% in the 1st quarter. Swiss National Bank now owns 147,200 shares of the financial services provider’s stock worth $4,322,000 after purchasing an additional 5,000 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in American Equity Investment Life by 6.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 960,657 shares of the financial services provider’s stock worth $28,205,000 after purchasing an additional 55,801 shares during the last quarter. Thrivent Financial for Lutherans grew its position in American Equity Investment Life by 9.4% in the 1st quarter. Thrivent Financial for Lutherans now owns 60,499 shares of the financial services provider’s stock worth $1,776,000 after purchasing an additional 5,178 shares during the last quarter. Systematic Financial Management LP grew its position in American Equity Investment Life by 32.7% in the 1st quarter. Systematic Financial Management LP now owns 32,090 shares of the financial services provider’s stock worth $942,000 after purchasing an additional 7,900 shares during the last quarter. Finally, Northern Trust Corp grew its position in American Equity Investment Life by 5.5% in the 1st quarter. Northern Trust Corp now owns 2,311,438 shares of the financial services provider’s stock worth $67,864,000 after purchasing an additional 121,431 shares during the last quarter. 94.69% of the stock is owned by institutional investors and hedge funds.

American Equity Investment Life stock opened at $35.50 on Wednesday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $3.26 billion, a PE ratio of 11.23 and a beta of 2.53. American Equity Investment Life Holding has a 12-month low of $27.06 and a 12-month high of $38.56.

American Equity Investment Life (NYSE:AEL) last posted its quarterly earnings data on Monday, August 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.10. The business had revenue of $685.50 million during the quarter, compared to analysts’ expectations of $589.40 million. American Equity Investment Life had a net margin of 11.14% and a return on equity of 12.32%. The business’s revenue was down 16.3% on a year-over-year basis. During the same period last year, the firm posted $0.71 earnings per share. sell-side analysts anticipate that American Equity Investment Life Holding will post 3.55 EPS for the current fiscal year.

AEL has been the subject of several recent analyst reports. Zacks Investment Research cut shares of American Equity Investment Life from a “buy” rating to a “hold” rating in a research report on Tuesday, June 19th. Sandler O’Neill reiterated a “buy” rating and issued a $41.00 price objective on shares of American Equity Investment Life in a report on Friday, July 13th. ValuEngine cut shares of American Equity Investment Life from a “buy” rating to a “hold” rating in a report on Monday, July 16th. Finally, Royal Bank of Canada set a $38.00 price objective on shares of American Equity Investment Life and gave the company a “buy” rating in a report on Wednesday, August 8th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $35.14.

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.

Further Reading: Moving Average (MA)

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

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