Affinity Investment Advisors LLC Takes $298,000 Position in American Equity Investment Life Holding (AEL)

Affinity Investment Advisors LLC bought a new stake in shares of American Equity Investment Life Holding (NYSE:AEL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,703 shares of the financial services provider’s stock, valued at approximately $298,000.

Several other institutional investors have also recently made changes to their positions in AEL. Vanguard Group Inc. raised its holdings in shares of American Equity Investment Life by 5.4% during the second quarter. Vanguard Group Inc. now owns 8,823,142 shares of the financial services provider’s stock valued at $231,872,000 after acquiring an additional 450,110 shares during the last quarter. Stifel Financial Corp acquired a new position in shares of American Equity Investment Life during the second quarter valued at approximately $216,000. Goldman Sachs Group Inc. raised its holdings in shares of American Equity Investment Life by 24.2% during the second quarter. Goldman Sachs Group Inc. now owns 614,321 shares of the financial services provider’s stock valued at $16,144,000 after acquiring an additional 119,528 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of American Equity Investment Life by 13.8% during the second quarter. Royal Bank of Canada now owns 44,173 shares of the financial services provider’s stock valued at $1,161,000 after acquiring an additional 5,340 shares during the last quarter. Finally, Shelton Capital Management acquired a new position in shares of American Equity Investment Life during the second quarter valued at approximately $230,000. 95.01% of the stock is owned by institutional investors and hedge funds.

Shares of American Equity Investment Life Holding (NYSE AEL) opened at $30.06 on Friday. American Equity Investment Life Holding has a fifty-two week low of $22.23 and a fifty-two week high of $35.79. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.12 and a quick ratio of 0.12. The company has a market capitalization of $2,719.99, a P/E ratio of 15.49 and a beta of 2.50.

American Equity Investment Life (NYSE:AEL) last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.68 by $0.14. American Equity Investment Life had a return on equity of 10.88% and a net margin of 4.49%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $550.89 million. During the same quarter last year, the firm earned $0.63 earnings per share. The business’s revenue for the quarter was up 99.0% on a year-over-year basis. research analysts forecast that American Equity Investment Life Holding will post 3.17 EPS for the current year.

AEL has been the subject of a number of research analyst reports. ValuEngine cut American Equity Investment Life from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 14th. Royal Bank of Canada reissued a “buy” rating and set a $35.00 target price on shares of American Equity Investment Life in a report on Friday, December 8th. SunTrust Banks reissued a “buy” rating and set a $38.00 target price on shares of American Equity Investment Life in a report on Friday. B. Riley reissued a “hold” rating and set a $26.00 target price on shares of American Equity Investment Life in a report on Wednesday, November 15th. Finally, Goldman Sachs Group initiated coverage on American Equity Investment Life in a report on Wednesday, October 18th. They set a “neutral” rating and a $29.00 target price for the company. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $31.00.

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American Equity Investment Life 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.

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

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