American Equity Investment Life Holding (NYSE:AEL) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. trimmed its holdings in American Equity Investment Life Holding (NYSE:AELGet Rating) by 4.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,943 shares of the financial services provider’s stock after selling 327 shares during the period. Crossmark Global Holdings Inc.’s holdings in American Equity Investment Life were worth $296,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AEL. Citigroup Inc. boosted its stake in American Equity Investment Life by 12.7% in the 1st quarter. Citigroup Inc. now owns 72,418 shares of the financial services provider’s stock worth $2,890,000 after buying an additional 8,175 shares during the last quarter. Natixis Advisors L.P. boosted its holdings in American Equity Investment Life by 14.7% in the first quarter. Natixis Advisors L.P. now owns 22,189 shares of the financial services provider’s stock valued at $886,000 after acquiring an additional 2,837 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in American Equity Investment Life by 56.1% in the first quarter. MetLife Investment Management LLC now owns 44,290 shares of the financial services provider’s stock valued at $1,768,000 after acquiring an additional 15,909 shares during the last quarter. BlackRock Inc. grew its position in American Equity Investment Life by 0.4% during the first quarter. BlackRock Inc. now owns 13,317,782 shares of the financial services provider’s stock valued at $531,512,000 after acquiring an additional 49,702 shares during the period. Finally, Great West Life Assurance Co. Can increased its stake in American Equity Investment Life by 1.9% during the first quarter. Great West Life Assurance Co. Can now owns 72,804 shares of the financial services provider’s stock worth $2,985,000 after acquiring an additional 1,383 shares during the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

American Equity Investment Life Trading Down 0.2 %

NYSE:AEL opened at $46.02 on Wednesday. American Equity Investment Life Holding has a one year low of $28.05 and a one year high of $47.30. The business’s 50-day simple moving average is $42.88 and its 200 day simple moving average is $39.87. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 3.36 and a beta of 0.91.

American Equity Investment Life (NYSE:AELGet Rating) last posted its quarterly earnings data on Monday, November 7th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.15. American Equity Investment Life had a return on equity of 8.81% and a net margin of 71.25%. The company had revenue of $609.74 million for the quarter, compared to the consensus estimate of $585.04 million. As a group, sell-side analysts predict that American Equity Investment Life Holding will post 3.87 earnings per share for the current fiscal year.

American Equity Investment Life Cuts Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, December 13th. Shareholders of record on Monday, November 28th were issued a dividend of $0.02 per share. The ex-dividend date was Friday, November 25th. This represents a yield of 0.05%. American Equity Investment Life’s dividend payout ratio is presently 0.15%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AEL shares. Royal Bank of Canada decreased their target price on American Equity Investment Life from $47.00 to $44.00 and set an “outperform” rating for the company in a report on Wednesday, November 9th. Evercore ISI raised their target price on shares of American Equity Investment Life from $38.00 to $43.00 and gave the company an “in-line” rating in a research note on Wednesday, December 21st. StockNews.com assumed coverage on American Equity Investment Life in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Raymond James upgraded American Equity Investment Life from an “outperform” rating to a “strong-buy” rating and set a $48.00 price objective on the stock in a research note on Monday, December 19th. Finally, JPMorgan Chase & Co. upped their target price on American Equity Investment Life from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, January 6th. Seven research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $44.60.

About American Equity Investment Life

(Get Rating)

American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products in the United States. The company issues fixed index and rate annuities, as well as single premium immediate annuities. It markets its products through independent agents, including independent marketing organizations, broker/dealers, banks, and registered investment advisors.

See Also

Want to see what other hedge funds are holding AEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Equity Investment Life Holding (NYSE:AELGet Rating).

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

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