ARP Americas LP Invests $284,000 in American Equity Investment Life Holding (NYSE:AEL)

ARP Americas LP acquired a new position in American Equity Investment Life Holding (NYSE:AEL) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 11,500 shares of the financial services provider’s stock, valued at approximately $284,000.

Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc lifted its holdings in shares of American Equity Investment Life by 55.1% in the 1st quarter. Versant Capital Management Inc now owns 2,513 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 893 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new position in shares of American Equity Investment Life in the 2nd quarter worth approximately $51,000. Meeder Asset Management Inc. acquired a new position in shares of American Equity Investment Life in the 1st quarter worth approximately $58,000. Nisa Investment Advisors LLC lifted its holdings in American Equity Investment Life by 1,202.8% during the 1st quarter. Nisa Investment Advisors LLC now owns 6,905 shares of the financial services provider’s stock worth $130,000 after buying an additional 6,375 shares in the last quarter. Finally, FDx Advisors Inc. acquired a new stake in American Equity Investment Life during the 1st quarter worth approximately $215,000. Hedge funds and other institutional investors own 94.88% of the company’s stock.

Shares of NYSE:AEL traded up $0.07 during trading hours on Friday, reaching $25.45. The stock had a trading volume of 446,348 shares, compared to its average volume of 640,337. American Equity Investment Life Holding has a 1 year low of $9.07 and a 1 year high of $34.16. The firm’s 50 day moving average is $23.77 and its 200-day moving average is $23.16. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 4.56 and a beta of 1.79.

American Equity Investment Life (NYSE:AEL) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.67 EPS for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.52. The company had revenue of $573.32 million for the quarter, compared to the consensus estimate of $588.99 million. American Equity Investment Life had a net margin of 7.10% and a return on equity of 15.77%. During the same period in the prior year, the firm posted $0.97 EPS. Analysts forecast that American Equity Investment Life Holding will post 4.97 EPS for the current year.

AEL has been the topic of a number of research reports. SunTrust Banks reduced their target price on shares of American Equity Investment Life from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, May 8th. B. Riley increased their target price on shares of American Equity Investment Life from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Zacks Investment Research lowered shares of American Equity Investment Life from a “hold” rating to a “sell” rating and set a $28.00 target price on the stock. in a report on Tuesday, July 21st. Piper Sandler lowered shares of American Equity Investment Life from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $27.00 to $25.00 in a report on Thursday, July 2nd. Finally, Raymond James reduced their target price on shares of American Equity Investment Life from $36.00 to $29.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $25.71.

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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