ClariVest Asset Management LLC lifted its position in American Equity Investment Life Holding Company (NYSE:AEL) by 3.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 303,722 shares of the financial services provider’s stock after buying an additional 10,200 shares during the period. ClariVest Asset Management LLC owned about 0.34% of American Equity Investment Life Holding worth $8,833,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of American Equity Investment Life Holding by 11.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,948 shares of the financial services provider’s stock valued at $104,000 after buying an additional 414 shares in the last quarter. Riverhead Capital Management LLC increased its holdings in American Equity Investment Life Holding by 79.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,026 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 2,226 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in American Equity Investment Life Holding by 90.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 5,115 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 2,427 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in American Equity Investment Life Holding during the 2nd quarter worth about $174,000. Finally, Neuberger Berman Group LLC bought a new position in American Equity Investment Life Holding during the 2nd quarter worth about $203,000. Institutional investors and hedge funds own 91.36% of the company’s stock.

A number of equities analysts have issued reports on AEL shares. Royal Bank Of Canada increased their target price on American Equity Investment Life Holding from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. B. Riley restated a “hold” rating and issued a $26.00 price objective on shares of American Equity Investment Life Holding in a report on Wednesday. The Goldman Sachs Group, Inc. started coverage on American Equity Investment Life Holding in a report on Wednesday, October 18th. They issued a “neutral” rating and a $29.00 price objective for the company. ValuEngine upgraded American Equity Investment Life Holding from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $28.00 price objective on shares of American Equity Investment Life Holding in a report on Wednesday, August 16th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. American Equity Investment Life Holding currently has an average rating of “Hold” and a consensus price target of $27.63.

Shares of American Equity Investment Life Holding Company (NYSE AEL) traded down $0.02 during mid-day trading on Friday, reaching $29.62. 442,306 shares of the company’s stock traded hands, compared to its average volume of 641,887. 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 firm has a market capitalization of $2,640.00, a P/E ratio of 9.63 and a beta of 2.53. 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 Holding (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, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.33. American Equity Investment Life Holding had a net margin of 7.90% and a return on equity of 10.50%. The firm had revenue of $906.00 million during the quarter, compared to the consensus estimate of $615.75 million. During the same period last year, the business posted ($0.05) earnings per share. The business’s revenue for the quarter was up 43.8% compared to the same quarter last year. research analysts forecast that American Equity Investment Life Holding Company will post 2.82 earnings per share for the current fiscal year.

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

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