Deutsche Bank AG raised its holdings in shares of American Equity Investment Life Holding (NYSE:AEL – Free Report) by 15.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,427 shares of the financial services provider’s stock after acquiring an additional 5,173 shares during the quarter. Deutsche Bank AG owned approximately 0.05% of American Equity Investment Life worth $2,115,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp purchased a new position in American Equity Investment Life during the 2nd quarter valued at about $27,000. NBC Securities Inc. acquired a new stake in shares of American Equity Investment Life during the 3rd quarter valued at about $30,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of American Equity Investment Life during the 4th quarter valued at about $29,000. Coppell Advisory Solutions LLC acquired a new stake in shares of American Equity Investment Life during the 2nd quarter valued at about $33,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of American Equity Investment Life by 69.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 860 shares of the financial services provider’s stock valued at $45,000 after buying an additional 353 shares during the last quarter. Hedge funds and other institutional investors own 94.98% of the company’s stock.
American Equity Investment Life Stock Up 0.3 %
Shares of American Equity Investment Life stock opened at $55.58 on Monday. The stock has a market capitalization of $4.39 billion, a P/E ratio of 25.97 and a beta of 0.80. The company has a quick ratio of 0.36, a current ratio of 0.34 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average price of $55.49 and a two-hundred day moving average price of $54.47. American Equity Investment Life Holding has a 12-month low of $31.57 and a 12-month high of $56.08.
American Equity Investment Life (NYSE:AEL – Get Free Report) last announced its earnings results on Wednesday, February 14th. The financial services provider reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.24. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $673.53 million. American Equity Investment Life had a return on equity of 25.15% and a net margin of 7.42%. The company’s revenue was up 61.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.64 earnings per share. Equities analysts expect that American Equity Investment Life Holding will post 7.1 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on AEL. StockNews.com began coverage on American Equity Investment Life in a report on Saturday. They set a “hold” rating for the company. Keefe, Bruyette & Woods lifted their price target on American Equity Investment Life from $55.00 to $56.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat, American Equity Investment Life presently has an average rating of “Hold” and an average target price of $50.00.
View Our Latest Analysis on American Equity Investment Life
American Equity Investment Life Profile
American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products in the United States. The company issues fixed index and rate annuities, as well as single premium immediate annuities. It markets its products through independent agents, including independent marketing organizations, broker/dealers, banks, and registered investment advisors.
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