Crossmark Global Holdings Inc. Takes Position in American Equity Investment Life Holding Company (AEL)

Crossmark Global Holdings Inc. bought a new stake in American Equity Investment Life Holding Company (NYSE:AEL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,103 shares of the financial services provider’s stock, valued at approximately $759,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AEL. BlackRock Inc. grew its stake in American Equity Investment Life Holding by 39,171.4% in the first quarter. BlackRock Inc. now owns 8,551,338 shares of the financial services provider’s stock valued at $202,068,000 after purchasing an additional 8,529,563 shares in the last quarter. Apollo Management Holdings L.P. boosted its stake in shares of American Equity Investment Life Holding by 26.7% during the 2nd quarter. Apollo Management Holdings L.P. now owns 3,266,544 shares of the financial services provider’s stock worth $85,845,000 after acquiring an additional 688,255 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of American Equity Investment Life Holding by 5.4% during 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 in the last quarter. Numeric Investors LLC boosted its stake in shares of American Equity Investment Life Holding by 265.6% during the 2nd quarter. Numeric Investors LLC now owns 508,553 shares of the financial services provider’s stock worth $13,365,000 after acquiring an additional 369,453 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of American Equity Investment Life Holding by 33.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,258,753 shares of the financial services provider’s stock worth $33,080,000 after acquiring an additional 313,332 shares in the last quarter. Hedge funds and other institutional investors own 91.36% of the company’s stock.

Several analysts have recently issued reports on the company. B. Riley reiterated a “neutral” rating on shares of American Equity Investment Life Holding in a research note on Monday, November 6th. Royal Bank Of Canada upped their price target on American Equity Investment Life Holding from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. ValuEngine downgraded American Equity Investment Life Holding from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded American Equity Investment Life Holding from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Tuesday, August 8th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $28.00 price target on shares of American Equity Investment Life Holding in a research note on Wednesday, August 16th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $27.86.

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American Equity Investment Life Holding Company (NYSE AEL) opened at $28.52 on Tuesday. American Equity Investment Life Holding Company has a 12-month low of $20.22 and a 12-month high of $31.05. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a market capitalization of $2,539.96, a PE ratio of 9.63 and a beta of 2.54.

American Equity Investment Life Holding (NYSE:AEL) last posted its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.33. American Equity Investment Life Holding had a return on equity of 10.50% and a net margin of 7.90%. The business had revenue of $906.00 million during the quarter, compared to analysts’ expectations of $615.75 million. During the same quarter in the previous year, the firm earned ($0.05) EPS. The firm’s revenue was up 43.8% compared to the same quarter last year. analysts forecast that American Equity Investment Life Holding Company will post 2.82 earnings per share for the current fiscal year.

American Equity Investment Life Holding Company 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 Holding (NYSE:AEL)

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