Federated Investors Inc. PA Raises Position in American Equity Investment Life Holding (NYSE:AEL)

Federated Investors Inc. PA increased its stake in shares of American Equity Investment Life Holding (NYSE:AEL) by 24.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 227,590 shares of the financial services provider’s stock after buying an additional 44,575 shares during the period. Federated Investors Inc. PA’s holdings in American Equity Investment Life were worth $6,149,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. lifted its position in American Equity Investment Life by 2.5% during the 4th quarter. BlackRock Inc. now owns 13,183,271 shares of the financial services provider’s stock worth $368,342,000 after buying an additional 327,661 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in American Equity Investment Life by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,446,044 shares of the financial services provider’s stock valued at $208,042,000 after purchasing an additional 48,459 shares during the period. Macquarie Group Ltd. lifted its position in American Equity Investment Life by 1.7% during the 4th quarter. Macquarie Group Ltd. now owns 4,001,185 shares of the financial services provider’s stock valued at $111,793,000 after purchasing an additional 68,620 shares during the period. Bank of America Corp DE lifted its position in American Equity Investment Life by 14.3% during the 4th quarter. Bank of America Corp DE now owns 1,408,123 shares of the financial services provider’s stock valued at $39,342,000 after purchasing an additional 176,159 shares during the period. Finally, Norges Bank acquired a new position in American Equity Investment Life during the 4th quarter valued at about $38,177,000. Institutional investors and hedge funds own 92.40% of the company’s stock.

American Equity Investment Life stock opened at $27.39 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.11 and a current ratio of 0.11. American Equity Investment Life Holding has a 1 year low of $25.27 and a 1 year high of $38.56. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 7.02 and a beta of 2.17.

American Equity Investment Life (NYSE:AEL) last released its earnings results on Wednesday, May 1st. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. American Equity Investment Life had a net margin of 13.62% and a return on equity of 13.92%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $625.65 million. During the same period in the prior year, the company posted $0.85 EPS. The company’s revenue was up 741.8% compared to the same quarter last year. On average, analysts forecast that American Equity Investment Life Holding will post 3.91 earnings per share for the current year.

AEL has been the topic of a number of research reports. Zacks Investment Research upgraded shares of American Equity Investment Life from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. ValuEngine downgraded shares of American Equity Investment Life from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. TheStreet downgraded shares of American Equity Investment Life from a “b” rating to a “c+” rating in a research report on Thursday, May 2nd. Finally, Sandler O’Neill downgraded shares of American Equity Investment Life from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $35.00.

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American Equity Investment Life Company Profile

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. It markets its products through independent agents, including national marketing organizations, broker/dealers, banks, and registered investment advisors.

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

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