Teachers Retirement System of The State of Kentucky boosted its holdings in American Equity Investment Life Holding (NYSE:AEL) by 8.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,200 shares of the financial services provider’s stock after acquiring an additional 2,400 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in American Equity Investment Life were worth $959,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AEL. First Trust Advisors LP lifted its position in American Equity Investment Life by 163.0% in the 3rd quarter. First Trust Advisors LP now owns 46,220 shares of the financial services provider’s stock valued at $1,344,000 after acquiring an additional 28,643 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in American Equity Investment Life by 59.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 65,571 shares of the financial services provider’s stock valued at $1,907,000 after acquiring an additional 24,428 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of American Equity Investment Life by 0.4% during the 3rd quarter. New York State Common Retirement Fund now owns 678,627 shares of the financial services provider’s stock valued at $19,734,000 after buying an additional 2,900 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in shares of American Equity Investment Life by 59.6% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 33,470 shares of the financial services provider’s stock valued at $973,000 after buying an additional 12,500 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of American Equity Investment Life during the 3rd quarter valued at $1,056,000. 93.49% of the stock is currently owned by institutional investors and hedge funds.

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In other American Equity Investment Life news, Director Alexander Meeker Clark sold 2,500 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $32.75, for a total value of $81,875.00. Following the completion of the sale, the director now owns 6,000 shares in the company, valued at approximately $196,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John M. Matovina sold 20,000 shares of the stock in a transaction on Friday, March 16th. The stock was sold at an average price of $31.85, for a total value of $637,000.00. The disclosure for this sale can be found here. Insiders sold a total of 130,850 shares of company stock valued at $4,083,143 in the last quarter. 4.05% of the stock is currently owned by company insiders.

American Equity Investment Life stock opened at $32.69 on Thursday. American Equity Investment Life Holding has a twelve month low of $22.23 and a twelve month high of $35.79. The company has a market capitalization of $2,925.60, a price-to-earnings ratio of 16.85 and a beta of 2.47. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.26.

American Equity Investment Life (NYSE:AEL) last issued its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.14. American Equity Investment Life had a return on equity of 10.65% and a net margin of 4.49%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $550.89 million. During the same quarter in the prior year, the business posted $0.63 EPS. American Equity Investment Life’s revenue for the quarter was up 99.0% compared to the same quarter last year. analysts anticipate that American Equity Investment Life Holding will post 3.4 earnings per share for the current year.

Several equities analysts have recently weighed in on the company. SunTrust Banks reissued a “buy” rating and set a $38.00 price target on shares of American Equity Investment Life in a report on Friday, February 9th. ValuEngine raised American Equity Investment Life from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. UBS assumed coverage on American Equity Investment Life in a report on Friday, March 2nd. They set a “sell” rating and a $30.00 price target on the stock. Royal Bank of Canada reissued a “buy” rating and set a $35.00 price target on shares of American Equity Investment Life in a report on Friday, December 8th. Finally, B. Riley increased their price target on American Equity Investment Life from $26.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. American Equity Investment Life presently has an average rating of “Hold” and a consensus price target of $30.88.

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American Equity Investment Life 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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