Meeder Asset Management Inc. Increases Stake in American Equity Investment Life Holding Company (AEL)

Meeder Asset Management Inc. increased its stake in shares of American Equity Investment Life Holding Company (NYSE:AEL) by 90.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 5,115 shares of the financial services provider’s stock after buying an additional 2,427 shares during the period. Meeder Asset Management Inc.’s holdings in American Equity Investment Life Holding were worth $134,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AEL. BlackRock Inc. boosted its position 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 buying an additional 8,529,563 shares in the last quarter. Vanguard Group Inc. boosted its position in American Equity Investment Life Holding by 7.7% in the first quarter. Vanguard Group Inc. now owns 8,373,032 shares of the financial services provider’s stock valued at $197,855,000 after buying an additional 600,302 shares in the last quarter. Macquarie Group Ltd. boosted its position in American Equity Investment Life Holding by 1.4% in the fourth quarter. Macquarie Group Ltd. now owns 3,424,278 shares of the financial services provider’s stock valued at $77,183,000 after buying an additional 46,561 shares in the last quarter. State Street Corp boosted its position in American Equity Investment Life Holding by 11.6% in the first quarter. State Street Corp now owns 2,586,563 shares of the financial services provider’s stock valued at $61,117,000 after buying an additional 269,315 shares in the last quarter. Finally, Snow Capital Management LP boosted its position in American Equity Investment Life Holding by 273.7% in the first quarter. Snow Capital Management LP now owns 1,987,654 shares of the financial services provider’s stock valued at $46,968,000 after buying an additional 1,455,819 shares in the last quarter. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

American Equity Investment Life Holding Company (AEL) traded up 0.37% during mid-day trading on Friday, hitting $27.30. 393,453 shares of the company traded hands. The firm has a 50 day moving average of $27.36 and a 200 day moving average of $25.44. American Equity Investment Life Holding Company has a one year low of $15.39 and a one year high of $28.64. The firm has a market capitalization of $2.43 billion, a P/E ratio of 12.57 and a beta of 2.49.

American Equity Investment Life Holding (NYSE:AEL) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.59 by $0.12. The company had revenue of $819.10 million during the quarter, compared to analysts’ expectations of $531.83 million. American Equity Investment Life Holding had a net margin of 6.48% and a return on equity of 6.84%. American Equity Investment Life Holding’s revenue for the quarter was up 49.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 earnings per share. Equities research analysts expect that American Equity Investment Life Holding Company will post $2.63 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Meeder Asset Management Inc. Increases Stake in American Equity Investment Life Holding Company (AEL)” was first posted by BNB Daily and is the sole property of of BNB Daily. If you are viewing this article on another site, it was copied illegally and reposted in violation of United States & international trademark and copyright law. The correct version of this article can be read at https://www.baseball-news-blog.com/2017/08/19/meeder-asset-management-inc-raises-stake-in-american-equity-investment-life-holding-company-ael-updated-updated-updated.html.

AEL has been the topic of several research analyst reports. Royal Bank Of Canada increased their price target on shares of American Equity Investment Life Holding from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, August 4th. BidaskClub upgraded shares of American Equity Investment Life Holding from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Keefe, Bruyette & Woods assumed coverage on shares of American Equity Investment Life Holding in a research report on Wednesday, April 26th. They set a “market perform” rating and a $26.00 target price on the stock. Zacks Investment Research lowered shares of American Equity Investment Life Holding from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Finally, FBR & Co lowered shares of American Equity Investment Life Holding from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $30.00 to $26.00 in a research report on Wednesday, June 7th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $25.25.

About American Equity Investment Life Holding

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 Holding (NYSE:AEL)

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

Latest News

Leave a Reply