Stevens Capital Management LP Takes $786,000 Position in American Equity Investment Life Holding (AEL)

Stevens Capital Management LP bought a new position in American Equity Investment Life Holding (NYSE:AEL) in the third quarter, according to its most recent filing with the SEC. The firm bought 22,228 shares of the financial services provider’s stock, valued at approximately $786,000.

A number of other hedge funds also recently added to or reduced their stakes in AEL. Envestnet Asset Management Inc. lifted its stake in American Equity Investment Life by 13.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,520 shares of the financial services provider’s stock valued at $485,000 after acquiring an additional 1,620 shares during the period. Alps Advisors Inc. lifted its stake in American Equity Investment Life by 9.3% during the 2nd quarter. Alps Advisors Inc. now owns 20,376 shares of the financial services provider’s stock valued at $734,000 after acquiring an additional 1,728 shares during the period. Affinity Investment Advisors LLC lifted its stake in American Equity Investment Life by 19.6% during the 3rd quarter. Affinity Investment Advisors LLC now owns 15,122 shares of the financial services provider’s stock valued at $535,000 after acquiring an additional 2,475 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in American Equity Investment Life by 13.1% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,553 shares of the financial services provider’s stock valued at $762,000 after acquiring an additional 2,495 shares during the period. Finally, MetLife Investment Advisors LLC lifted its stake in American Equity Investment Life by 6.8% during the 2nd quarter. MetLife Investment Advisors LLC now owns 40,984 shares of the financial services provider’s stock valued at $1,475,000 after acquiring an additional 2,593 shares during the period. Institutional investors own 92.94% of the company’s stock.

Separately, ValuEngine cut shares of American Equity Investment Life from a “hold” rating to a “sell” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. American Equity Investment Life presently has a consensus rating of “Buy” and an average price target of $37.40.

Shares of NYSE AEL opened at $30.72 on Friday. The firm has a market capitalization of $2.80 billion, a P/E ratio of 9.72 and a beta of 2.49. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.30. American Equity Investment Life Holding has a one year low of $27.06 and a one year high of $38.56.

American Equity Investment Life (NYSE:AEL) last issued its quarterly earnings results on Monday, November 5th. The financial services provider reported $1.87 EPS for the quarter, topping the consensus estimate of $0.88 by $0.99. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $600.27 million. American Equity Investment Life had a net margin of 13.62% and a return on equity of 12.77%. The firm’s revenue was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 EPS. Equities research analysts expect that American Equity Investment Life Holding will post 3.68 earnings per share for the current year.

The business also recently declared an annual dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 28th will be issued a $0.28 dividend. This represents a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, November 27th. This is a positive change from American Equity Investment Life’s previous annual dividend of $0.26. American Equity Investment Life’s payout ratio is presently 8.86%.

ILLEGAL ACTIVITY WARNING: “Stevens Capital Management LP Takes $786,000 Position in American Equity Investment Life Holding (AEL)” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another publication, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/12/08/stevens-capital-management-lp-takes-786000-position-in-american-equity-investment-life-holding-ael.html.

About American Equity Investment Life

American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products and services in the United States. The company issues fixed index and rate annuities; and single premium immediate annuities, as well as life insurance products. The company markets its products through various distribution channels, including national marketing organizations, broker/dealers, banks, and registered investment advisors.

See Also: Stock Symbols and CUSIP Explained

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

Receive News & Ratings for American Equity Investment Life Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Equity Investment Life and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply