Picton Mahoney Asset Management Has $4.26 Million Position in American Equity Investment Life Holding (NYSE:AEL)

Picton Mahoney Asset Management reduced its holdings in shares of American Equity Investment Life Holding (NYSE:AEL) by 84.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 76,249 shares of the financial services provider’s stock after selling 424,314 shares during the period. Picton Mahoney Asset Management’s holdings in American Equity Investment Life were worth $4,255,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Yousif Capital Management LLC boosted its position in shares of American Equity Investment Life by 1.0% during the 4th quarter. Yousif Capital Management LLC now owns 31,136 shares of the financial services provider’s stock valued at $1,737,000 after acquiring an additional 300 shares in the last quarter. Paulson Wealth Management Inc. boosted its position in shares of American Equity Investment Life by 10.8% during the 3rd quarter. Paulson Wealth Management Inc. now owns 5,650 shares of the financial services provider’s stock valued at $303,000 after acquiring an additional 551 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of American Equity Investment Life during the 3rd quarter valued at about $30,000. Assetmark Inc. boosted its position in American Equity Investment Life by 3.7% in the third quarter. Assetmark Inc. now owns 27,314 shares of the financial services provider’s stock valued at $1,465,000 after buying an additional 966 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in American Equity Investment Life by 1.0% in the third quarter. Mutual of America Capital Management LLC now owns 118,309 shares of the financial services provider’s stock valued at $6,346,000 after buying an additional 1,175 shares in the last quarter. 94.98% of the stock is currently owned by institutional investors and hedge funds.

American Equity Investment Life Trading Up 0.6 %

Shares of NYSE AEL traded up $0.31 during midday trading on Wednesday, hitting $56.47. The stock had a trading volume of 25,373,600 shares, compared to its average volume of 887,211. American Equity Investment Life Holding has a fifty-two week low of $37.54 and a fifty-two week high of $57.29. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market cap of $4.49 billion, a P/E ratio of 26.39 and a beta of 0.78. The company’s 50-day simple moving average is $55.95 and its 200 day simple moving average is $55.34.

American Equity Investment Life (NYSE:AEL) last posted its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.24. American Equity Investment Life had a return on equity of 25.15% and a net margin of 7.42%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $673.53 million. During the same period last year, the company earned $1.64 EPS. The firm’s revenue was up 61.7% on a year-over-year basis. Research analysts anticipate that American Equity Investment Life Holding will post 7.11 EPS for the current year.

American Equity Investment Life Increases Dividend

The business also recently declared an annual dividend, which was paid on Monday, April 29th. Stockholders of record on Monday, April 15th were given a $0.38 dividend. This is a positive change from American Equity Investment Life’s previous annual dividend of $0.02. This represents a dividend yield of 0.68%. The ex-dividend date was Friday, April 12th. American Equity Investment Life’s dividend payout ratio (DPR) is currently 17.76%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of American Equity Investment Life from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. StockNews.com assumed coverage on shares of American Equity Investment Life in a research report on Monday, March 11th. They issued a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, American Equity Investment Life has an average rating of “Hold” and an average target price of $52.50.

About American Equity Investment Life

American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products in the United States. The company issues fixed index and rate annuities, as well as single premium immediate annuities. It markets its products through independent agents, including independent marketing organizations, broker/dealers, banks, and registered investment advisors.