Paragon Capital Management Ltd Has $257,000 Stake in American Equity Investment Life Holding (NYSE:AEL)

Paragon Capital Management Ltd decreased its stake in shares of American Equity Investment Life Holding (NYSE:AEL) by 7.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,574 shares of the financial services provider’s stock after selling 666 shares during the period. Paragon Capital Management Ltd’s holdings in American Equity Investment Life were worth $257,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in American Equity Investment Life by 1.0% in the 2nd quarter. BlackRock Inc. now owns 13,282,923 shares of the financial services provider’s stock valued at $360,762,000 after buying an additional 134,617 shares during the last quarter. State Street Corp grew its holdings in American Equity Investment Life by 2.5% in the 4th quarter. State Street Corp now owns 3,122,782 shares of the financial services provider’s stock valued at $93,465,000 after buying an additional 76,384 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in American Equity Investment Life by 17.7% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,043,312 shares of the financial services provider’s stock valued at $25,248,000 after buying an additional 156,639 shares during the last quarter. Victory Capital Management Inc. grew its holdings in American Equity Investment Life by 480.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,013,298 shares of the financial services provider’s stock valued at $26,761,000 after buying an additional 838,712 shares during the last quarter. Finally, Man Group plc grew its holdings in American Equity Investment Life by 45.1% in the 3rd quarter. Man Group plc now owns 787,684 shares of the financial services provider’s stock valued at $19,062,000 after buying an additional 244,964 shares during the last quarter. 91.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AEL stock traded up $0.13 during mid-day trading on Friday, reaching $33.52. The stock had a trading volume of 540,605 shares, compared to its average volume of 466,868. The firm’s 50 day simple moving average is $28.93 and its 200 day simple moving average is $26.23. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.18. American Equity Investment Life Holding has a one year low of $20.16 and a one year high of $34.16. The firm has a market cap of $2.61 billion, a PE ratio of 38.53 and a beta of 2.02.

American Equity Investment Life (NYSE:AEL) last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.37 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.33. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $661.79 million. During the same quarter in the prior year, the business posted $0.99 EPS. Sell-side analysts forecast that American Equity Investment Life Holding will post 5.62 earnings per share for the current fiscal year.

A number of analysts have issued reports on AEL shares. SunTrust Banks raised their target price on American Equity Investment Life from $32.00 to $40.00 and gave the company a “buy” rating in a report on Friday. Zacks Investment Research upgraded American Equity Investment Life from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective for the company in a research report on Monday, January 20th. Finally, ValuEngine upgraded American Equity Investment Life from a “sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. American Equity Investment Life has an average rating of “Buy” and an average price target of $32.40.

In related news, Director Alonzo A. J. J. Strickland sold 900 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $30.11, for a total transaction of $27,099.00. Following the completion of the transaction, the director now owns 246,400 shares in the company, valued at approximately $7,419,104. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John M. Matovina sold 15,704 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $29.76, for a total value of $467,351.04. Following the transaction, the chief executive officer now owns 236,086 shares of the company’s stock, valued at approximately $7,025,919.36. The disclosure for this sale can be found here. Insiders sold a total of 34,900 shares of company stock valued at $1,039,104 in the last quarter. Corporate insiders own 1.99% of the company’s stock.

American Equity Investment Life 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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