Meeder Asset Management Inc. lifted its position in American Equity Investment Life Holding (NYSE:AEL) by 1,498.2% in the 4th quarter, HoldingsChannel reports. The fund owned 10,692 shares of the financial services provider’s stock after buying an additional 10,023 shares during the period. Meeder Asset Management Inc.’s holdings in American Equity Investment Life were worth $330,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of AEL. Teacher Retirement System of Texas purchased a new stake in shares of American Equity Investment Life in the 3rd quarter valued at approximately $203,000. V Wealth Management LLC purchased a new stake in shares of American Equity Investment Life in the 4th quarter valued at approximately $209,000. Everence Capital Management Inc. purchased a new stake in shares of American Equity Investment Life in the 4th quarter valued at approximately $209,000. Stifel Financial Corp purchased a new stake in shares of American Equity Investment Life in the 2nd quarter valued at approximately $216,000. Finally, Public Employees Retirement System of Ohio lifted its position in shares of American Equity Investment Life by 2.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,511 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 183 shares in the last quarter. Institutional investors and hedge funds own 95.01% of the company’s stock.

Shares of American Equity Investment Life Holding (AEL) opened at $30.06 on Friday. American Equity Investment Life Holding has a 12-month low of $22.23 and a 12-month high of $35.79. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a market cap of $2,685.29, a P/E ratio of 9.54 and a beta of 2.50.

American Equity Investment Life (NYSE:AEL) last released its earnings results on Wednesday, February 7th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.14. American Equity Investment Life had a net margin of 4.49% and a return on equity of 10.65%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $550.89 million. During the same quarter in the prior year, the firm earned $0.63 EPS. The company’s revenue was up 99.0% compared to the same quarter last year. equities analysts expect that American Equity Investment Life Holding will post 3.17 earnings per share for the current year.

Several brokerages recently commented on AEL. SunTrust Banks restated a “buy” rating and issued a $38.00 price target on shares of American Equity Investment Life in a research report on Friday. ValuEngine downgraded shares of American Equity Investment Life from a “strong-buy” rating to a “buy” rating in a research report on Friday. B. Riley restated a “neutral” rating on shares of American Equity Investment Life in a research report on Monday, November 6th. Royal Bank of Canada restated a “buy” rating and issued a $35.00 price target on shares of American Equity Investment Life in a research report on Friday, December 8th. Finally, Goldman Sachs Group began coverage on shares of American Equity Investment Life in a research report on Wednesday, October 18th. They issued a “neutral” rating and a $29.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. American Equity Investment Life presently has an average rating of “Buy” and a consensus price target of $31.00.

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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.

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

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