EJF Capital LLC Has $2.85 Million Position in American Equity Investment Life Holding (NYSE:AEL)

Share on StockTwits

EJF Capital LLC increased its position in American Equity Investment Life Holding (NYSE:AEL) by 90.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 105,000 shares of the financial services provider’s stock after buying an additional 50,000 shares during the period. EJF Capital LLC owned 0.12% of American Equity Investment Life worth $2,852,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its holdings in shares of American Equity Investment Life by 10.3% during the fourth quarter. Geode Capital Management LLC now owns 953,517 shares of the financial services provider’s stock valued at $26,641,000 after acquiring an additional 88,978 shares during the period. Rhumbline Advisers lifted its holdings in shares of American Equity Investment Life by 1.2% during the 1st quarter. Rhumbline Advisers now owns 277,662 shares of the financial services provider’s stock valued at $7,502,000 after purchasing an additional 3,211 shares in the last quarter. Comerica Bank lifted its holdings in shares of American Equity Investment Life by 1.6% during the 1st quarter. Comerica Bank now owns 91,041 shares of the financial services provider’s stock valued at $2,578,000 after purchasing an additional 1,440 shares in the last quarter. Texas Permanent School Fund lifted its holdings in shares of American Equity Investment Life by 3.9% during the 1st quarter. Texas Permanent School Fund now owns 61,449 shares of the financial services provider’s stock valued at $1,660,000 after purchasing an additional 2,330 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of American Equity Investment Life by 25.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 111,141 shares of the financial services provider’s stock valued at $3,003,000 after purchasing an additional 22,347 shares in the last quarter. Hedge funds and other institutional investors own 91.33% of the company’s stock.

A number of brokerages have recently issued reports on AEL. ValuEngine cut American Equity Investment Life from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 27th. Citigroup decreased their price objective on American Equity Investment Life from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. Raymond James decreased their price objective on American Equity Investment Life from $38.00 to $32.00 and set an “outperform” rating on the stock in a report on Friday, June 14th. Finally, Zacks Investment Research raised American Equity Investment Life from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $28.25.

NYSE AEL traded up $0.48 on Thursday, reaching $24.39. The stock had a trading volume of 4,047 shares, compared to its average volume of 403,182. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a fifty day moving average of $22.62 and a two-hundred day moving average of $26.97. American Equity Investment Life Holding has a 1-year low of $20.16 and a 1-year high of $36.94. The company has a market cap of $2.21 billion, a P/E ratio of 5.23 and a beta of 1.99.

American Equity Investment Life (NYSE:AEL) last issued its quarterly earnings data on Monday, August 5th. The financial services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.14. The firm had revenue of $706.39 million during the quarter, compared to analyst estimates of $632.38 million. During the same period in the prior year, the company earned $0.95 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. Research analysts predict that American Equity Investment Life Holding will post 4.05 EPS for the current fiscal year.

In other news, VP Jeffrey D. Lorenzen sold 12,413 shares of the company’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $27.25, for a total transaction of $338,254.25. Following the completion of the sale, the vice president now directly owns 41,030 shares in the company, valued at approximately $1,118,067.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Joyce Ann Chapman sold 10,000 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $26.90, for a total value of $269,000.00. Following the sale, the director now owns 24,950 shares of the company’s stock, valued at $671,155. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,413 shares of company stock valued at $868,354. Corporate insiders own 1.99% of the company’s stock.

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.

Featured Story: Why is the conference call important?

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

Receive News & Ratings for American Equity Investment Life Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Equity Investment Life and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

SPDR S&P MidCap 400 ETF Trust  Shares Sold by CIBC Private Wealth Group LLC
SPDR S&P MidCap 400 ETF Trust Shares Sold by CIBC Private Wealth Group LLC
CIBC Private Wealth Group LLC Has $3.56 Million Holdings in Alliance Data Systems Co.
CIBC Private Wealth Group LLC Has $3.56 Million Holdings in Alliance Data Systems Co.
Tiffany & Co.  Holdings Raised by CIBC Private Wealth Group LLC
Tiffany & Co. Holdings Raised by CIBC Private Wealth Group LLC
Electronic Arts Inc.  Shares Sold by Campbell & CO Investment Adviser LLC
Electronic Arts Inc. Shares Sold by Campbell & CO Investment Adviser LLC
Campbell & CO Investment Adviser LLC Takes Position in Amicus Therapeutics, Inc.
Campbell & CO Investment Adviser LLC Takes Position in Amicus Therapeutics, Inc.
Campbell & CO Investment Adviser LLC Acquires New Holdings in MacroGenics Inc
Campbell & CO Investment Adviser LLC Acquires New Holdings in MacroGenics Inc


© 2006-2019 Ticker Report