Two Sigma Advisers LP Has $2.23 Million Position in American Equity Investment Life Holding (AEL)

Two Sigma Advisers LP lessened its position in shares of American Equity Investment Life Holding (NYSE:AEL) by 52.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 72,401 shares of the financial services provider’s stock after selling 80,200 shares during the period. Two Sigma Advisers LP owned approximately 0.08% of American Equity Investment Life worth $2,225,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its stake in American Equity Investment Life by 11.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 916,109 shares of the financial services provider’s stock worth $28,152,000 after buying an additional 96,544 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new position in American Equity Investment Life in the 4th quarter worth approximately $687,000. Deutsche Bank AG grew its stake in American Equity Investment Life by 45.1% in the 4th quarter. Deutsche Bank AG now owns 651,574 shares of the financial services provider’s stock worth $20,018,000 after buying an additional 202,630 shares in the last quarter. Brandywine Global Investment Management LLC grew its stake in American Equity Investment Life by 15.2% in the 4th quarter. Brandywine Global Investment Management LLC now owns 280,335 shares of the financial services provider’s stock worth $8,615,000 after buying an additional 37,032 shares in the last quarter. Finally, AMP Capital Investors Ltd grew its stake in American Equity Investment Life by 54.8% in the 4th quarter. AMP Capital Investors Ltd now owns 25,844 shares of the financial services provider’s stock worth $795,000 after buying an additional 9,144 shares in the last quarter. 93.49% of the stock is currently owned by institutional investors and hedge funds.

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In other news, insider Ronald James Grensteiner sold 47,750 shares of the company’s stock in a transaction on Monday, March 26th. The shares were sold at an average price of $30.20, for a total value of $1,442,050.00. Following the completion of the sale, the insider now owns 122,792 shares of the company’s stock, valued at approximately $3,708,318.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alexander Meeker Clark sold 2,500 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $32.75, for a total transaction of $81,875.00. Following the completion of the sale, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $196,500. The disclosure for this sale can be found here. Insiders sold a total of 206,620 shares of company stock valued at $6,382,885 in the last ninety days. 4.05% of the stock is owned by corporate insiders.

AEL has been the subject of a number of research reports. ValuEngine cut shares of American Equity Investment Life from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 29th. SunTrust Banks reissued a “buy” rating and issued a $38.00 price target on shares of American Equity Investment Life in a research note on Friday, February 9th. Finally, UBS initiated coverage on shares of American Equity Investment Life in a research note on Friday, March 2nd. They issued a “sell” rating and a $30.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. American Equity Investment Life currently has a consensus rating of “Hold” and an average target price of $30.88.

AEL stock opened at $28.86 on Friday. American Equity Investment Life Holding has a one year low of $22.23 and a one year high of $35.79. The company has a market capitalization of $2,593.94, a price-to-earnings ratio of 9.16 and a beta of 2.45. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.12 and a quick ratio of 0.12.

American Equity Investment Life (NYSE:AEL) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $550.89 million. During the same quarter in the prior year, the company earned $0.63 EPS. The firm’s revenue was up 99.0% on a year-over-year basis. equities research analysts forecast that American Equity Investment Life Holding will post 3.4 earnings per share for the current fiscal year.

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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. The company markets its products through various distribution channels, including national marketing organizations, broker/dealers, banks, and registered investment advisors.

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

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