V Wealth Management LLC Takes Position in American Equity Investment Life Holding (AEL)

V Wealth Management LLC bought a new position in American Equity Investment Life Holding (NYSE:AEL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,816 shares of the financial services provider’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of American Equity Investment Life by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 8,823,142 shares of the financial services provider’s stock worth $231,872,000 after acquiring an additional 450,110 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of American Equity Investment Life by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,458,013 shares of the financial services provider’s stock worth $195,997,000 after acquiring an additional 38,858 shares during the last quarter. Macquarie Group Ltd. grew its holdings in shares of American Equity Investment Life by 3.1% in the 3rd quarter. Macquarie Group Ltd. now owns 3,599,783 shares of the financial services provider’s stock worth $104,681,000 after acquiring an additional 109,163 shares during the last quarter. Earnest Partners LLC grew its holdings in shares of American Equity Investment Life by 1.8% in the 3rd quarter. Earnest Partners LLC now owns 2,711,974 shares of the financial services provider’s stock worth $78,864,000 after acquiring an additional 47,642 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of American Equity Investment Life by 1.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,412,454 shares of the financial services provider’s stock worth $70,153,000 after acquiring an additional 35,072 shares during the last quarter. Institutional investors and hedge funds own 93.92% of the company’s stock.

American Equity Investment Life Holding (AEL) opened at $34.33 on Friday. American Equity Investment Life Holding has a twelve month low of $22.23 and a twelve month high of $34.65. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $3,011.42, a price-to-earnings ratio of 11.92 and a beta of 2.55.

American Equity Investment Life (NYSE:AEL) last issued its quarterly earnings results on Monday, November 6th. The financial services provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.33. American Equity Investment Life had a return on equity of 10.50% and a net margin of 7.90%. The business had revenue of $906.00 million for the quarter, compared to the consensus estimate of $615.75 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. American Equity Investment Life’s revenue for the quarter was up 43.8% compared to the same quarter last year. analysts expect that American Equity Investment Life Holding will post 3 EPS for the current fiscal year.

A number of equities analysts recently issued reports on the company. Royal Bank of Canada restated a “buy” rating and issued a $35.00 target price on shares of American Equity Investment Life in a report on Friday, December 8th. ValuEngine cut American Equity Investment Life from a “strong-buy” rating to a “buy” rating in a report on Friday, December 29th. B. Riley lifted their target price on American Equity Investment Life from $26.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, December 6th. Finally, Goldman Sachs Group assumed coverage on American Equity Investment Life in a report on Wednesday, October 18th. They issued a “neutral” rating and a $29.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $29.14.

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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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