Schneider Capital Management Corp raised its position in American Equity Investment Life Holding Company (NYSE:AEL) by 33.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 718,044 shares of the financial services provider’s stock after purchasing an additional 178,756 shares during the period. American Equity Investment Life Holding accounts for approximately 3.6% of Schneider Capital Management Corp’s portfolio, making the stock its 8th biggest holding. Schneider Capital Management Corp owned approximately 0.81% of American Equity Investment Life Holding worth $18,870,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AEL. BlackRock Inc. lifted its holdings in American Equity Investment Life Holding by 39,171.4% in the 1st quarter. BlackRock Inc. now owns 8,551,338 shares of the financial services provider’s stock valued at $202,068,000 after purchasing an additional 8,529,563 shares in the last quarter. Apollo Management Holdings L.P. lifted its holdings in American Equity Investment Life Holding by 26.7% in the 2nd quarter. Apollo Management Holdings L.P. now owns 3,266,544 shares of the financial services provider’s stock valued at $85,845,000 after purchasing an additional 688,255 shares in the last quarter. Vanguard Group Inc. lifted its holdings in American Equity Investment Life Holding by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 8,373,032 shares of the financial services provider’s stock valued at $197,855,000 after purchasing an additional 600,302 shares in the last quarter. Bank of America Corp DE lifted its holdings in American Equity Investment Life Holding by 68.6% in the 1st quarter. Bank of America Corp DE now owns 1,363,485 shares of the financial services provider’s stock valued at $32,219,000 after purchasing an additional 554,672 shares in the last quarter. Finally, Numeric Investors LLC lifted its holdings in American Equity Investment Life Holding by 265.6% in the 2nd quarter. Numeric Investors LLC now owns 508,553 shares of the financial services provider’s stock valued at $13,365,000 after purchasing an additional 369,453 shares in the last quarter. Institutional investors own 93.28% of the company’s stock.

A number of research analysts have weighed in on AEL shares. Royal Bank Of Canada raised their price objective on American Equity Investment Life Holding from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, August 4th. BidaskClub lowered American Equity Investment Life Holding from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. ValuEngine upgraded American Equity Investment Life Holding from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. TheStreet upgraded American Equity Investment Life Holding from a “c+” rating to a “b” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research lowered American Equity Investment Life Holding from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $26.00.

American Equity Investment Life Holding Company (NYSE AEL) traded up 0.50% on Thursday, hitting $29.86. The stock had a trading volume of 100,899 shares. American Equity Investment Life Holding Company has a one year low of $15.39 and a one year high of $30.03. The stock’s 50 day moving average is $28.20 and its 200 day moving average is $26.08. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 13.75 and a beta of 2.52.

American Equity Investment Life Holding (NYSE:AEL) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $819.10 million for the quarter, compared to the consensus estimate of $531.83 million. During the same period in the prior year, the business earned $0.60 earnings per share. The business’s revenue was up 49.0% on a year-over-year basis. Analysts anticipate that American Equity Investment Life Holding Company will post $2.63 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This story was originally published by Watch List News and is owned by of Watch List News. If you are viewing this story on another domain, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this story can be accessed at https://www.watchlistnews.com/schneider-capital-management-corp-has-18-87-million-holdings-in-american-equity-investment-life-holding-company-ael/1626265.html.

American Equity Investment Life Holding 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.

Want to see what other hedge funds are holding AEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Equity Investment Life Holding Company (NYSE:AEL).

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

Receive News & Ratings for American Equity Investment Life Holding Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Equity Investment Life Holding Company and related companies with Analyst Ratings Network's FREE daily email newsletter.