Los Angeles Capital Management & Equity Research Inc. acquired a new position in American Equity Investment Life Holding Company (NYSE:AEL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 36,305 shares of the financial services provider’s stock, valued at approximately $1,056,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in American Equity Investment Life by 5.4% in the second quarter. Vanguard Group Inc. now owns 8,823,142 shares of the financial services provider’s stock worth $231,872,000 after purchasing an additional 450,110 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in American Equity Investment Life by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 7,458,013 shares of the financial services provider’s stock worth $195,997,000 after purchasing an additional 38,858 shares during the last quarter. Macquarie Group Ltd. lifted its stake in American Equity Investment Life by 2.0% in the second quarter. Macquarie Group Ltd. now owns 3,490,620 shares of the financial services provider’s stock worth $91,733,000 after purchasing an additional 68,124 shares during the last quarter. Apollo Management Holdings L.P. lifted its stake in American Equity Investment Life by 26.7% in the second quarter. Apollo Management Holdings L.P. now owns 3,266,544 shares of the financial services provider’s stock worth $85,845,000 after purchasing an additional 688,255 shares during the last quarter. Finally, Earnest Partners LLC raised its stake in shares of American Equity Investment Life by 0.9% during the second quarter. Earnest Partners LLC now owns 2,664,332 shares of the financial services provider’s stock valued at $70,019,000 after acquiring an additional 23,475 shares in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on AEL shares. BidaskClub downgraded shares of American Equity Investment Life from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Royal Bank Of Canada lifted their price target on shares of American Equity Investment Life from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. TheStreet raised shares of American Equity Investment Life from a “c+” rating to a “b” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of American Equity Investment Life from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Tuesday, August 8th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $28.00 price target on shares of American Equity Investment Life in a research note on Wednesday, August 16th. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $27.63.

American Equity Investment Life Holding Company (AEL) opened at $30.39 on Tuesday. The stock has a market cap of $2,718.21, a P/E ratio of 10.30 and a beta of 2.54. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.12 and a current ratio of 0.12. American Equity Investment Life Holding Company has a 1-year low of $20.22 and a 1-year high of $31.05.

American Equity Investment Life (NYSE:AEL) last issued its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.33. The company had revenue of $906.00 million for the quarter, compared to analyst estimates of $615.75 million. American Equity Investment Life had a net margin of 7.90% and a return on equity of 10.50%. American Equity Investment Life’s revenue was up 43.8% compared to the same quarter last year. During the same period last year, the company posted ($0.05) earnings per share. equities analysts predict that American Equity Investment Life Holding Company will post 2.99 EPS for the current year.

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, December 12th. Investors of record on Wednesday, November 29th will be issued a dividend of $0.26 per share. This is a positive change from American Equity Investment Life’s previous annual dividend of $0.24. The ex-dividend date of this dividend is Tuesday, November 28th. American Equity Investment Life’s dividend payout ratio (DPR) is presently 8.33%.

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American Equity Investment Life 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 (NYSE:AEL)

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