Great West Life Assurance Co. Can Acquires 9,208 Shares of American Equity Investment Life Holding (AEL)

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Great West Life Assurance Co. Can boosted its holdings in American Equity Investment Life Holding (NYSE:AEL) by 8.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 119,021 shares of the financial services provider’s stock after buying an additional 9,208 shares during the quarter. Great West Life Assurance Co. Can owned 0.13% of American Equity Investment Life worth $3,067,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of AEL. BlackRock Inc. grew its position in American Equity Investment Life by 8.8% in the third quarter. BlackRock Inc. now owns 12,855,610 shares of the financial services provider’s stock worth $454,574,000 after buying an additional 1,035,048 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new position in American Equity Investment Life in the fourth quarter worth approximately $34,000. Deutsche Bank AG grew its position in American Equity Investment Life by 277.5% in the third quarter. Deutsche Bank AG now owns 1,102,674 shares of the financial services provider’s stock worth $38,987,000 after buying an additional 810,594 shares during the last quarter. Macquarie Group Ltd. grew its position in American Equity Investment Life by 8.6% during the 3rd quarter. Macquarie Group Ltd. now owns 3,932,565 shares of the financial services provider’s stock worth $139,055,000 after purchasing an additional 312,039 shares in the last quarter. Finally, Burney Co. purchased a new position in American Equity Investment Life during the 4th quarter worth approximately $5,607,000. Hedge funds and other institutional investors own 93.04% of the company’s stock.

NYSE AEL opened at $30.19 on Wednesday. American Equity Investment Life Holding has a twelve month low of $25.27 and a twelve month high of $38.56. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.10 and a current ratio of 0.10. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 6.48 and a beta of 2.30.

American Equity Investment Life (NYSE:AEL) last posted its quarterly earnings data on Wednesday, February 6th. The financial services provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.09. American Equity Investment Life had a net margin of 13.62% and a return on equity of 14.00%. The firm had revenue of $554.36 million for the quarter, compared to analysts’ expectations of $556.20 million. During the same period in the previous year, the company posted $0.82 EPS. As a group, equities analysts expect that American Equity Investment Life Holding will post 3.78 earnings per share for the current year.

Several equities analysts have weighed in on the stock. Zacks Investment Research cut shares of American Equity Investment Life from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. ValuEngine cut shares of American Equity Investment Life from a “hold” rating to a “sell” rating in a research report on Monday, March 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. American Equity Investment Life has an average rating of “Hold” and a consensus price target of $39.67.

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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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