American Equity Investment Life Holding Company (AEL) Stake Raised by Gilbert & Cook Inc.

Gilbert & Cook Inc. increased its stake in American Equity Investment Life Holding Company (NYSE:AEL) by 1,410.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 219,153 shares of the financial services provider’s stock after buying an additional 204,647 shares during the quarter. American Equity Investment Life Holding makes up 2.3% of Gilbert & Cook Inc.’s holdings, making the stock its 14th biggest position. Gilbert & Cook Inc. owned about 0.25% of American Equity Investment Life Holding worth $6,373,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bbva Compass Bancshares Inc. boosted its holdings in shares of American Equity Investment Life Holding by 13.1% in the 3rd quarter. Bbva Compass Bancshares Inc. now owns 25,486 shares of the financial services provider’s stock valued at $741,000 after buying an additional 2,950 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of American Equity Investment Life Holding by 0.7% in the 3rd quarter. Victory Capital Management Inc. now owns 1,267,409 shares of the financial services provider’s stock valued at $36,856,000 after buying an additional 8,656 shares during the last quarter. OLD National Bancorp IN acquired a new stake in shares of American Equity Investment Life Holding in the 3rd quarter valued at approximately $358,000. Crossmark Global Holdings Inc. acquired a new stake in shares of American Equity Investment Life Holding in the 3rd quarter valued at approximately $759,000. Finally, First Trust Advisors LP boosted its holdings in shares of American Equity Investment Life Holding 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 buying an additional 28,643 shares during the last quarter. 93.13% of the stock is owned by institutional investors.

American Equity Investment Life Holding (NYSE:AEL) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.71 earnings per share for the quarter, topping 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 analysts’ expectations of $531.83 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The business’s revenue was up 49.0% on a year-over-year basis.

Several equities research analysts have recently commented on the company. Goldman Sachs Group, Inc. (The) assumed coverage on American Equity Investment Life Holding in a report on Wednesday, October 18th. They issued a “neutral” rating and a $29.00 price objective for the company. Royal Bank Of Canada reissued a “buy” rating and issued a $30.00 price objective on shares of American Equity Investment Life Holding in a report on Tuesday, October 10th. ValuEngine raised American Equity Investment Life Holding from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. BidaskClub raised American Equity Investment Life Holding from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $28.00 price objective on shares of American Equity Investment Life Holding in a report on Wednesday, August 16th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. American Equity Investment Life Holding has a consensus rating of “Buy” and an average price target of $26.38.

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About American Equity Investment Life Holding

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.

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

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