Parallel Advisors LLC Has $116,000 Stock Holdings in American Equity Investment Life Holding (NYSE:AEL)

Parallel Advisors LLC trimmed its position in American Equity Investment Life Holding (NYSE:AELFree Report) by 10.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,072 shares of the financial services provider’s stock after selling 250 shares during the quarter. Parallel Advisors LLC’s holdings in American Equity Investment Life were worth $116,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AEL. NBC Securities Inc. acquired a new position in American Equity Investment Life in the 3rd quarter valued at $30,000. Journey Strategic Wealth LLC acquired a new position in American Equity Investment Life in the 4th quarter valued at $207,000. NDVR Inc. acquired a new position in American Equity Investment Life in the 4th quarter valued at $225,000. Pathstone Family Office LLC bought a new stake in shares of American Equity Investment Life during the 3rd quarter valued at $230,000. Finally, Lido Advisors LLC bought a new stake in shares of American Equity Investment Life during the 3rd quarter valued at $249,000. 94.98% of the stock is owned by institutional investors and hedge funds.

American Equity Investment Life Price Performance

Shares of AEL stock opened at $56.47 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.28. American Equity Investment Life Holding has a twelve month low of $37.54 and a twelve month high of $57.29. The company has a market cap of $4.49 billion, a P/E ratio of 26.39 and a beta of 0.78. The business has a fifty day simple moving average of $56.18 and a 200 day simple moving average of $55.73.

American Equity Investment Life Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Monday, April 29th. Investors of record on Monday, April 15th were given a dividend of $0.38 per share. This is an increase from American Equity Investment Life’s previous annual dividend of $0.02. This represents a dividend yield of 0.68%. The ex-dividend date was Friday, April 12th. American Equity Investment Life’s dividend payout ratio is currently 17.76%.

Wall Street Analysts Forecast Growth

AEL has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped their target price on American Equity Investment Life from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. StockNews.com initiated coverage on American Equity Investment Life in a research report on Monday. They set a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $55.33.

Read Our Latest Report on AEL

About American Equity Investment Life

(Free Report)

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.

Featured Articles

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.