Hillsdale Investment Management Inc. raised its holdings in American Equity Investment Life Holding Company (NYSE:AEL) by 14,547.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,942 shares of the financial services provider’s stock after acquiring an additional 43,642 shares during the period. Hillsdale Investment Management Inc.’s holdings in American Equity Investment Life were worth $1,278,000 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. Renaissance Technologies LLC acquired a new position in American Equity Investment Life in the first quarter valued at about $539,000. AQR Capital Management LLC grew its stake in American Equity Investment Life by 45.5% in the first quarter. AQR Capital Management LLC now owns 54,221 shares of the financial services provider’s stock valued at $1,281,000 after acquiring an additional 16,968 shares during the period. Credit Suisse AG grew its stake in American Equity Investment Life by 6.4% in the first quarter. Credit Suisse AG now owns 111,859 shares of the financial services provider’s stock valued at $2,643,000 after acquiring an additional 6,762 shares during the period. Aperio Group LLC grew its stake in American Equity Investment Life by 8.2% in the second quarter. Aperio Group LLC now owns 58,457 shares of the financial services provider’s stock valued at $1,536,000 after acquiring an additional 4,449 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in American Equity Investment Life by 27.7% in the second quarter. Russell Investments Group Ltd. now owns 623,301 shares of the financial services provider’s stock valued at $16,381,000 after acquiring an additional 135,383 shares during the period. 93.21% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on AEL. Zacks Investment Research upgraded American Equity Investment Life from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Tuesday, August 8th. TheStreet upgraded American Equity Investment Life from a “c+” rating to a “b” rating in a report on Thursday, August 3rd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $28.00 price target on shares of American Equity Investment Life in a report on Wednesday, August 16th. ValuEngine upgraded American Equity Investment Life from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 22nd. Finally, Royal Bank Of Canada boosted their price target on American Equity Investment Life from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. American Equity Investment Life has a consensus rating of “Buy” and a consensus price target of $27.63.

Shares of American Equity Investment Life Holding Company (NYSE AEL) opened at $32.02 on Thursday. American Equity Investment Life Holding Company has a twelve month low of $20.22 and a twelve month high of $32.43. The stock has a market capitalization of $2,766.33, a PE ratio of 10.49 and a beta of 2.54. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.27.

American Equity Investment Life (NYSE:AEL) last released its earnings results on Monday, November 6th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.33. American Equity Investment Life had a return on equity of 10.50% and a net margin of 7.90%. The business had revenue of $906.00 million for the quarter, compared to analyst estimates of $615.75 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. American Equity Investment Life’s revenue was up 43.8% on a year-over-year basis. analysts expect that American Equity Investment Life Holding Company will post 2.99 EPS for the current fiscal year.

The business also recently announced 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. The ex-dividend date is Tuesday, November 28th. This is a positive change from American Equity Investment Life’s previous annual dividend of $0.24. American Equity Investment Life’s dividend payout ratio is presently 9.03%.

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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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