Eagle Boston Investment Management Inc. Has $8.22 Million Position in American Equity Investment Life Holding Company (AEL)

Eagle Boston Investment Management Inc. reduced its holdings in American Equity Investment Life Holding Company (NYSE:AEL) by 26.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 283,421 shares of the financial services provider’s stock after selling 102,834 shares during the quarter. Eagle Boston Investment Management Inc. owned approximately 0.32% of American Equity Investment Life worth $8,222,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in American Equity Investment Life by 11.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,948 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 414 shares during the last quarter. Riverhead Capital Management LLC increased its stake in American Equity Investment Life by 79.5% during the second quarter. Riverhead Capital Management LLC now owns 5,026 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 2,226 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in American Equity Investment Life during the second quarter worth about $174,000. Teacher Retirement System of Texas acquired a new stake in American Equity Investment Life during the third quarter worth about $203,000. Finally, Neuberger Berman Group LLC acquired a new stake in American Equity Investment Life during the second quarter worth about $203,000. Institutional investors own 91.55% of the company’s stock.

Several brokerages have commented on AEL. Zacks Investment Research upgraded American Equity Investment Life 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. ValuEngine upgraded American Equity Investment Life from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 22nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $28.00 target price on shares of American Equity Investment Life in a research note on Wednesday, August 16th. TheStreet upgraded American Equity Investment Life from a “c+” rating to a “b” rating in a research note on Thursday, August 3rd. Finally, B. Riley reiterated a “hold” rating and issued a $26.00 target price on shares of American Equity Investment Life in a research note on Wednesday, November 15th. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. American Equity Investment Life has an average rating of “Buy” and an average target price of $27.63.

Shares of American Equity Investment Life Holding Company (NYSE:AEL) opened at $30.50 on Monday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.27. American Equity Investment Life Holding Company has a 12 month low of $20.22 and a 12 month high of $31.05. The stock has a market capitalization of $2,718.22, a PE ratio of 10.30 and a beta of 2.54.

American Equity Investment Life (NYSE:AEL) last posted its earnings results on Monday, November 6th. The financial services provider reported $0.96 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $615.75 million. During the same quarter last year, the firm earned ($0.05) earnings per share. The company’s revenue for the quarter was up 43.8% compared to the same quarter last year. analysts expect that American Equity Investment Life Holding Company will post 2.99 EPS for the current year.

The firm also recently declared an annual dividend, which will be paid on Tuesday, December 12th. Investors of record on Wednesday, November 29th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, November 28th. This is an increase from American Equity Investment Life’s previous annual dividend of $0.24. American Equity Investment Life’s dividend payout ratio is currently 8.33%.

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About American Equity Investment Life

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.

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

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