Parametric Portfolio Associates LLC trimmed its holdings in shares of American Equity Investment Life Holding Company (NYSE:AEL) by 0.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 962,005 shares of the financial services provider’s stock after selling 6,697 shares during the period. Parametric Portfolio Associates LLC owned approximately 1.08% of American Equity Investment Life Holding worth $25,281,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of AEL. Nordea Investment Management AB lifted its stake in American Equity Investment Life Holding by 66.4% in the 2nd quarter. Nordea Investment Management AB now owns 304,391 shares of the financial services provider’s stock worth $7,999,000 after acquiring an additional 121,491 shares in the last quarter. Apollo Management Holdings L.P. boosted its position in American Equity Investment Life Holding by 26.7% during the 2nd quarter. Apollo Management Holdings L.P. now owns 3,266,544 shares of the financial services provider’s stock worth $85,845,000 after acquiring an additional 688,255 shares during the period. Vanguard Group Inc. boosted its position in American Equity Investment Life Holding by 5.4% during the 2nd quarter. Vanguard Group Inc. now owns 8,823,142 shares of the financial services provider’s stock worth $231,872,000 after acquiring an additional 450,110 shares during the period. Northern Trust Corp boosted its position in American Equity Investment Life Holding by 1.9% during the 2nd quarter. Northern Trust Corp now owns 2,209,906 shares of the financial services provider’s stock worth $58,078,000 after acquiring an additional 42,035 shares during the period. Finally, Pinebridge Investments L.P. boosted its position in American Equity Investment Life Holding by 3.6% during the 2nd quarter. Pinebridge Investments L.P. now owns 117,891 shares of the financial services provider’s stock worth $3,098,000 after acquiring an additional 4,047 shares during the period. 93.28% of the stock is currently owned by hedge funds and other institutional investors.

American Equity Investment Life Holding Company (NYSE:AEL) opened at 29.01 on Tuesday. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 13.36 and a beta of 2.52. The firm has a 50-day moving average price of $27.86 and a 200 day moving average price of $25.83. American Equity Investment Life Holding Company has a 12 month low of $15.39 and a 12 month high of $29.43.

American Equity Investment Life Holding (NYSE:AEL) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.12. American Equity Investment Life Holding had a net margin of 6.48% and a return on equity of 6.84%. The company had revenue of $819.10 million during the quarter, compared to the consensus estimate of $531.83 million. During the same quarter in the prior year, the firm earned $0.60 earnings per share. The firm’s revenue was up 49.0% compared to the same quarter last year. On average, equities analysts forecast that American Equity Investment Life Holding Company will post $2.63 EPS for the current year.

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Several equities analysts have weighed in on the company. ValuEngine raised American Equity Investment Life Holding from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $28.00 price target on shares of American Equity Investment Life Holding in a research report on Wednesday, August 16th. BidaskClub raised shares of American Equity Investment Life Holding from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Zacks Investment Research upgraded shares of American Equity Investment Life Holding from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Tuesday, August 8th. Finally, TheStreet upgraded shares of American Equity Investment Life Holding from a “c+” rating to a “b” rating in a report on Thursday, August 3rd. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $25.25.

American Equity Investment Life Holding 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 Holding (NYSE:AEL)

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