American Equity Investment Life Holding (NYSE:AEL) Shares Bought by ClariVest Asset Management LLC

ClariVest Asset Management LLC lifted its position in American Equity Investment Life Holding (NYSE:AEL) by 3.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 186,018 shares of the financial services provider’s stock after purchasing an additional 5,900 shares during the quarter. ClariVest Asset Management LLC’s holdings in American Equity Investment Life were worth $5,025,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in AEL. Norges Bank purchased a new position in shares of American Equity Investment Life in the fourth quarter worth about $38,177,000. Oregon Public Employees Retirement Fund purchased a new position in shares of American Equity Investment Life in the fourth quarter worth about $34,000. Acadian Asset Management LLC raised its stake in shares of American Equity Investment Life by 300.4% in the first quarter. Acadian Asset Management LLC now owns 482,329 shares of the financial services provider’s stock worth $13,034,000 after purchasing an additional 361,865 shares during the last quarter. BlackRock Inc. raised its stake in shares of American Equity Investment Life by 2.5% in the fourth quarter. BlackRock Inc. now owns 13,183,271 shares of the financial services provider’s stock worth $368,342,000 after purchasing an additional 327,661 shares during the last quarter. Finally, Burney Co. purchased a new position in shares of American Equity Investment Life in the fourth quarter worth about $5,607,000. Hedge funds and other institutional investors own 92.40% of the company’s stock.

Shares of AEL stock opened at $27.45 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.11 and a quick ratio of 0.11. The company has a market cap of $2.49 billion, a P/E ratio of 5.89 and a beta of 2.16. American Equity Investment Life Holding has a twelve month low of $25.27 and a twelve month high of $38.56.

American Equity Investment Life (NYSE:AEL) last announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.05. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $625.65 million. American Equity Investment Life had a return on equity of 13.92% and a net margin of 13.62%. American Equity Investment Life’s quarterly revenue was up 741.8% on a year-over-year basis. During the same period last year, the business earned $0.85 earnings per share. As a group, equities analysts predict that American Equity Investment Life Holding will post 3.91 earnings per share for the current year.

Several research analysts have recently issued reports on the company. Zacks Investment Research cut American Equity Investment Life from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. TheStreet cut American Equity Investment Life from a “b” rating to a “c+” rating in a research note on Thursday, May 2nd. Finally, ValuEngine cut American Equity Investment Life from a “hold” rating to a “sell” rating in a research note on Monday, March 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. American Equity Investment Life presently has a consensus rating of “Hold” and an average price target of $35.75.

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American Equity Investment Life Company 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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