Virginia Retirement Systems ET AL boosted its position in shares of American Equity Investment Life Holding Company (NYSE:AEL) by 21.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 101,700 shares of the financial services provider’s stock after buying an additional 18,100 shares during the period. Virginia Retirement Systems ET AL owned approximately 0.11% of American Equity Investment Life Holding worth $2,673,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can boosted its position in shares of American Equity Investment Life Holding by 1,380.4% in the first quarter. Bank of Montreal Can now owns 150,852 shares of the financial services provider’s stock worth $3,564,000 after buying an additional 140,662 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of American Equity Investment Life Holding by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 36,000 shares of the financial services provider’s stock valued at $851,000 after buying an additional 600 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of American Equity Investment Life Holding by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 9,790 shares of the financial services provider’s stock valued at $231,000 after buying an additional 270 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of American Equity Investment Life Holding by 30.3% in the first quarter. Acadian Asset Management LLC now owns 389,408 shares of the financial services provider’s stock valued at $9,201,000 after buying an additional 90,482 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of American Equity Investment Life Holding during the first quarter valued at about $303,000. Institutional investors own 93.37% of the company’s stock.

American Equity Investment Life Holding Company (NYSE AEL) opened at 28.19 on Tuesday. American Equity Investment Life Holding Company has a 12 month low of $15.39 and a 12 month high of $28.64. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 12.98 and a beta of 2.49. The company’s 50-day moving average price is $27.54 and its 200 day moving average price is $25.59.

American Equity Investment Life Holding (NYSE:AEL) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.71 EPS for the quarter, topping 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 firm had revenue of $819.10 million during the quarter, compared to analysts’ expectations of $531.83 million. During the same period in the previous year, the company earned $0.60 EPS. The firm’s revenue for the quarter was up 49.0% compared to the same quarter last year. Analysts forecast that American Equity Investment Life Holding Company will post $2.64 EPS for the current fiscal year.

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Several research analysts recently issued reports on AEL shares. Royal Bank Of Canada raised their target price on American Equity Investment Life Holding from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. BidaskClub raised American Equity Investment Life Holding from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Zacks Investment Research lowered American Equity Investment Life Holding from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $28.00 target price on shares of American Equity Investment Life Holding in a research report on Wednesday, August 16th. Finally, FBR & Co lowered American Equity Investment Life Holding from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $30.00 to $26.00 in a research report on Wednesday, June 7th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.25.

American Equity Investment Life Holding Company 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.

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

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