California State Teachers Retirement System Grows Stake in American Equity Investment Life Holding (AEL)

California State Teachers Retirement System lifted its position in American Equity Investment Life Holding (NYSE:AEL) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 140,333 shares of the financial services provider’s stock after purchasing an additional 3,260 shares during the period. California State Teachers Retirement System owned about 0.16% of American Equity Investment Life worth $3,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund purchased a new position in shares of American Equity Investment Life in the 4th quarter worth approximately $34,000. Royce & Associates LP purchased a new position in shares of American Equity Investment Life in the 4th quarter worth approximately $49,000. Meeder Asset Management Inc. grew its position in shares of American Equity Investment Life by 149.7% in the 4th quarter. Meeder Asset Management Inc. now owns 2,629 shares of the financial services provider’s stock worth $74,000 after buying an additional 1,576 shares during the last quarter. Vigilant Capital Management LLC grew its position in shares of American Equity Investment Life by 16.1% in the 4th quarter. Vigilant Capital Management LLC now owns 3,600 shares of the financial services provider’s stock worth $101,000 after buying an additional 500 shares during the last quarter. Finally, Gradient Investments LLC grew its position in shares of American Equity Investment Life by 12.2% in the 4th quarter. Gradient Investments LLC now owns 4,149 shares of the financial services provider’s stock worth $116,000 after buying an additional 450 shares during the last quarter. 94.55% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on AEL. Zacks Investment Research raised shares of American Equity Investment Life from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. ValuEngine downgraded shares of American Equity Investment Life from a “hold” rating to a “sell” rating in a research report on Monday, March 11th. One research analyst has rated the stock with a sell rating, two have given 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 $39.67.

Shares of AEL traded down $0.01 during trading hours on Friday, hitting $28.55. The stock had a trading volume of 275,671 shares, compared to its average volume of 432,358. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.10 and a quick ratio of 0.10. American Equity Investment Life Holding has a fifty-two week low of $25.27 and a fifty-two week high of $38.56. The stock has a market cap of $2.58 billion, a P/E ratio of 6.13 and a beta of 2.27.

American Equity Investment Life (NYSE:AEL) last posted its earnings results on Wednesday, February 6th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.09. The firm had revenue of $554.36 million during the quarter, compared to analysts’ expectations of $556.20 million. American Equity Investment Life had a net margin of 13.62% and a return on equity of 14.00%. During the same period in the previous year, the business posted $0.82 EPS. Equities analysts expect that American Equity Investment Life Holding will post 3.77 EPS for the current year.

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About American Equity Investment Life

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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