Macquarie Group Ltd. increased its stake in shares of American Equity Investment Life Holding Co. (NYSE:AEL) by 17.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,336,046 shares of the company’s stock after buying an additional 490,506 shares during the period. Macquarie Group Ltd. owned 4.05% of American Equity Investment Life Holding worth $47,539,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AEL. Mason Street Advisors LLC bought a new position in shares of American Equity Investment Life Holding during the second quarter valued at $229,000. Aristotle Capital Boston LLC boosted its position in shares of American Equity Investment Life Holding by 3.4% in the second quarter. Aristotle Capital Boston LLC now owns 262,499 shares of the company’s stock valued at $3,741,000 after buying an additional 8,567 shares in the last quarter. Royal Bank of Canada boosted its position in shares of American Equity Investment Life Holding by 43.8% in the second quarter. Royal Bank of Canada now owns 20,239 shares of the company’s stock valued at $289,000 after buying an additional 6,164 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of American Equity Investment Life Holding by 21.0% in the second quarter. Public Employees Retirement System of Ohio now owns 7,673 shares of the company’s stock valued at $109,000 after buying an additional 1,331 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of American Equity Investment Life Holding by 2.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 576,900 shares of the company’s stock valued at $8,221,000 after buying an additional 15,466 shares in the last quarter. Institutional investors own 88.05% of the company’s stock.

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

Shares of American Equity Investment Life Holding Co. (NYSE:AEL) traded down 1.32% during mid-day trading on Friday, hitting $21.61. The company had a trading volume of 952,989 shares. American Equity Investment Life Holding Co. has a 12 month low of $12.65 and a 12 month high of $27.86. The firm’s market capitalization is $1.86 billion. The firm has a 50-day moving average price of $17.83 and a 200 day moving average price of $16.33.

The business also recently disclosed an annual dividend, which will be paid on Tuesday, December 20th. Shareholders of record on Monday, December 5th will be given a dividend of $0.24 per share. This represents a yield of 1.11%. This is a boost from American Equity Investment Life Holding’s previous annual dividend of $0.22. The ex-dividend date of this dividend is Thursday, December 1st. American Equity Investment Life Holding’s dividend payout ratio (DPR) is presently -366.61%.

Several brokerages recently weighed in on AEL. JPMorgan Chase & Co. reiterated a “buy” rating and set a $20.00 price target on shares of American Equity Investment Life Holding in a research report on Thursday, November 10th. Zacks Investment Research upgraded American Equity Investment Life Holding from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 8th. Sandler O’Neill upgraded American Equity Investment Life Holding from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Friday, November 4th. TheStreet cut American Equity Investment Life Holding from a “buy” rating to a “hold” rating in a research report on Wednesday, November 2nd. Finally, Credit Suisse Group AG assumed coverage on American Equity Investment Life Holding in a research report on Friday, October 7th. They issued a “neutral” rating and a $20.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. American Equity Investment Life Holding presently has a consensus rating of “Buy” and an average target price of $20.00.

In other American Equity Investment Life Holding news, Director Alexander Meeker Clark sold 3,000 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $20.57, for a total transaction of $61,710.00. Following the completion of the sale, the director now directly owns 7,600 shares of the company’s stock, valued at approximately $156,332. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.43% of the company’s stock.

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.

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