Nationwide Fund Advisors lessened its stake in shares of American Equity Investment Life Holding Company (NYSE:AEL) by 21.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 286,838 shares of the financial services provider’s stock after selling 79,944 shares during the period. Nationwide Fund Advisors owned approximately 0.32% of American Equity Investment Life worth $8,341,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio boosted its holdings 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 during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of American Equity Investment Life by 0.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 58,576 shares of the financial services provider’s stock valued at $1,539,000 after acquiring an additional 197 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of American Equity Investment Life by 1.8% in the 2nd quarter. Amalgamated Bank now owns 11,832 shares of the financial services provider’s stock valued at $311,000 after acquiring an additional 211 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of American Equity Investment Life by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 46,316 shares of the financial services provider’s stock valued at $1,217,000 after acquiring an additional 300 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of American Equity Investment Life 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 acquiring an additional 414 shares during the last quarter. 93.13% of the stock is currently owned by institutional investors.

American Equity Investment Life Holding Company (NYSE AEL) opened at $32.14 on Friday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.27. The firm has a market cap of $2,811.78, a price-to-earnings ratio of 10.66 and a beta of 2.54. American Equity Investment Life Holding Company has a 12-month low of $21.52 and a 12-month high of $32.50.

American Equity Investment Life (NYSE:AEL) last posted its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.33. The company had revenue of $906.00 million during the quarter, compared to analysts’ expectations of $615.75 million. American Equity Investment Life had a net margin of 7.90% and a return on equity of 10.50%. The firm’s revenue for the quarter was up 43.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.05) earnings per share. equities analysts predict that American Equity Investment Life Holding Company will post 3 EPS for the current fiscal year.

The business also recently disclosed an annual dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Wednesday, November 29th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, November 28th. This is a boost from American Equity Investment Life’s previous annual dividend of $0.24. American Equity Investment Life’s dividend payout ratio is currently 9.03%.

A number of analysts recently issued reports on AEL shares. Royal Bank Of Canada increased their price target on shares of American Equity Investment Life from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. ValuEngine raised shares of American Equity Investment Life from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 22nd. B. Riley reissued a “hold” rating and set a $26.00 price target on shares of American Equity Investment Life in a report on Wednesday, November 15th. BidaskClub downgraded shares of American Equity Investment Life from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, Goldman Sachs Group started coverage on shares of American Equity Investment Life in a report on Wednesday, October 18th. They set a “neutral” rating and a $29.00 price target on the stock. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $28.50.

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American Equity Investment Life 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.

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

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