LSV Asset Management Acquires 106,300 Shares of American Equity Investment Life Holding Company (AEL)

LSV Asset Management lifted its holdings in American Equity Investment Life Holding Company (NYSE:AEL) by 200.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,300 shares of the financial services provider’s stock after buying an additional 106,300 shares during the quarter. LSV Asset Management owned approximately 0.18% of American Equity Investment Life Holding worth $4,186,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan grew its position in shares of American Equity Investment Life Holding by 4.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 20,970 shares of the financial services provider’s stock worth $551,000 after buying an additional 840 shares during the period. Pzena Investment Management LLC grew its position in shares of American Equity Investment Life Holding by 0.4% in the 2nd quarter. Pzena Investment Management LLC now owns 2,437,159 shares of the financial services provider’s stock worth $64,049,000 after buying an additional 9,196 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of American Equity Investment Life Holding in the 1st quarter worth about $1,237,000. KBC Group NV purchased a new stake in shares of American Equity Investment Life Holding in the 2nd quarter worth about $1,448,000. Finally, State Board of Administration of Florida Retirement System grew its position in shares of American Equity Investment Life Holding by 18.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 77,428 shares of the financial services provider’s stock worth $1,830,000 after buying an additional 11,890 shares during the period. 93.28% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of American Equity Investment Life Holding Company (NYSE AEL) opened at 27.62 on Tuesday. American Equity Investment Life Holding Company has a 12 month low of $15.39 and a 12 month high of $28.64. The stock has a market capitalization of $2.46 billion, a P/E ratio of 12.72 and a beta of 2.50. The company’s 50-day moving average is $27.51 and its 200 day moving average is $25.65.

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

AEL has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $28.00 target price on shares of American Equity Investment Life Holding in a research report on Monday, May 22nd. FBR & Co downgraded shares of American Equity Investment Life Holding from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $30.00 to $26.00 in a research report on Wednesday, June 7th. BidaskClub raised shares of American Equity Investment Life Holding from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Zacks Investment Research downgraded shares of American Equity Investment Life Holding from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Finally, TheStreet raised shares of American Equity Investment Life Holding from a “c+” rating to a “b” rating in a research report on Thursday, August 3rd. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price 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)

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