American Equity Investment Life Holding (AEL) Shares Bought by KBC Group NV

KBC Group NV boosted its stake in American Equity Investment Life Holding (NYSE:AEL) by 57.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 86,817 shares of the financial services provider’s stock after acquiring an additional 31,727 shares during the period. KBC Group NV’s holdings in American Equity Investment Life were worth $2,668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Swiss National Bank grew its position in American Equity Investment Life by 1.8% in the 4th quarter. Swiss National Bank now owns 142,200 shares of the financial services provider’s stock worth $4,370,000 after purchasing an additional 2,500 shares during the period. Affinity Investment Advisors LLC bought a new stake in American Equity Investment Life in the 4th quarter worth approximately $298,000. California Public Employees Retirement System grew its position in American Equity Investment Life by 2.3% in the 4th quarter. California Public Employees Retirement System now owns 288,526 shares of the financial services provider’s stock worth $8,866,000 after purchasing an additional 6,384 shares during the period. Teacher Retirement System of Texas grew its position in American Equity Investment Life by 312.0% in the 4th quarter. Teacher Retirement System of Texas now owns 28,765 shares of the financial services provider’s stock worth $884,000 after purchasing an additional 21,784 shares during the period. Finally, Alps Advisors Inc. bought a new stake in American Equity Investment Life in the 4th quarter worth approximately $223,000. 97.27% of the stock is owned by institutional investors and hedge funds.

Shares of American Equity Investment Life Holding (AEL) opened at $31.79 on Tuesday. American Equity Investment Life Holding has a 1 year low of $22.23 and a 1 year high of $35.79. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market cap of $2,839.83, a price-to-earnings ratio of 10.09 and a beta of 2.50.

American Equity Investment Life (NYSE:AEL) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.14. American Equity Investment Life had a net margin of 4.49% and a return on equity of 10.65%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $550.89 million. During the same quarter in the previous year, the firm posted $0.63 EPS. The company’s revenue for the quarter was up 99.0% compared to the same quarter last year. sell-side analysts forecast that American Equity Investment Life Holding will post 3.4 earnings per share for the current year.

AEL has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $35.00 target price on shares of American Equity Investment Life in a research report on Friday, December 8th. ValuEngine downgraded shares of American Equity Investment Life from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 9th. B. Riley reissued a “hold” rating and set a $26.00 price objective on shares of American Equity Investment Life in a research report on Wednesday, November 15th. Finally, SunTrust Banks reissued a “buy” rating and set a $38.00 price objective on shares of American Equity Investment Life in a research report on Friday, February 9th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $31.00.

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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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