89,132 Shares in American Equity Investment Life Holding Company (AEL) Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new position in American Equity Investment Life Holding Company (NYSE:AEL) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 89,132 shares of the financial services provider’s stock, valued at approximately $2,592,000. Assenagon Asset Management S.A. owned 0.10% of American Equity Investment Life Holding at the end of the most recent reporting period.

Other hedge funds have also 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% during the second 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 in the last quarter. Riverhead Capital Management LLC increased its position in shares of American Equity Investment Life Holding by 79.5% during the second quarter. Riverhead Capital Management LLC now owns 5,026 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 2,226 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of American Equity Investment Life Holding by 90.3% during the second quarter. Meeder Asset Management Inc. now owns 5,115 shares of the financial services provider’s stock valued at $134,000 after acquiring an additional 2,427 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in American Equity Investment Life Holding in the 2nd quarter worth approximately $174,000. Finally, Neuberger Berman Group LLC bought a new stake in American Equity Investment Life Holding in the 2nd quarter worth approximately $203,000. Hedge funds and other institutional investors own 93.32% of the company’s stock.

Shares of American Equity Investment Life Holding Company (NYSE AEL) remained flat at $$28.50 on Friday. The company had a trading volume of 523,200 shares, compared to its average volume of 548,295. American Equity Investment Life Holding Company has a twelve month low of $19.92 and a twelve month high of $31.05. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.43. The stock has a market cap of $2,539.96, a PE ratio of 9.63 and a beta of 2.54.

American Equity Investment Life Holding (NYSE:AEL) last posted its quarterly earnings results on Monday, November 6th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.33. The business had revenue of $906.00 million during the quarter, compared to analysts’ expectations of $615.75 million. American Equity Investment Life Holding had a net margin of 6.16% and a return on equity of 8.44%. The business’s quarterly revenue was up 43.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.05) earnings per share. analysts anticipate that American Equity Investment Life Holding Company will post 2.82 earnings per share for the current year.

A number of equities research analysts have recently issued reports on AEL shares. Keefe, Bruyette & Woods restated a “hold” rating and set a $28.00 target price on shares of American Equity Investment Life Holding in a research note on Wednesday, August 16th. BidaskClub upgraded shares of American Equity Investment Life Holding from a “buy” rating to a “strong-buy” rating in a research note 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 on the stock in a research note on Tuesday, August 8th. TheStreet upgraded shares of American Equity Investment Life Holding from a “c+” rating to a “b” rating in a research note on Thursday, August 3rd. Finally, B. Riley restated a “neutral” rating on shares of American Equity Investment Life Holding in a research report on Monday, November 6th. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $27.86.

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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.

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

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