Credit Suisse AG raised its position in American Equity Investment Life Holding Company (NYSE:AEL) by 6.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,859 shares of the financial services provider’s stock after buying an additional 6,762 shares during the period. Credit Suisse AG owned 0.13% of American Equity Investment Life Holding worth $2,643,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of AEL. Elkfork Partners LLC raised its position in American Equity Investment Life Holding by 11.0% in the first quarter. Elkfork Partners LLC now owns 4,508 shares of the financial services provider’s stock worth $107,000 after buying an additional 448 shares during the period. Meadow Creek Investment Management LLC raised its position in American Equity Investment Life Holding by 11.0% in the first quarter. Meadow Creek Investment Management LLC now owns 5,474 shares of the financial services provider’s stock worth $129,000 after buying an additional 544 shares during the period. Quantbot Technologies LP purchased a new position in American Equity Investment Life Holding during the first quarter worth approximately $144,000. Ameritas Investment Partners Inc. purchased a new position in American Equity Investment Life Holding during the first quarter worth approximately $175,000. Finally, Invictus RG purchased a new position in American Equity Investment Life Holding during the first quarter worth approximately $182,000. Hedge funds and other institutional investors own 93.24% of the company’s stock.

Shares of American Equity Investment Life Holding Company (NYSE:AEL) remained flat at $27.33 during midday trading on Friday. 565,982 shares of the company were exchanged. The firm has a market cap of $2.43 billion, a PE ratio of 12.50 and a beta of 2.49. American Equity Investment Life Holding Company has a 52 week low of $15.07 and a 52 week high of $28.32. The company has a 50-day moving average price of $26.49 and a 200 day moving average price of $25.11.

American Equity Investment Life Holding (NYSE:AEL) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.12. The company 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 return on equity of 6.84% and a net margin of 6.48%. 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 EPS. On average, equities research analysts anticipate that American Equity Investment Life Holding Company will post $2.56 earnings per share for the current year.

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A number of equities analysts have recently commented on the stock. TheStreet lowered shares of American Equity Investment Life Holding from a “b-” rating to a “c+” rating in a research report on Monday, May 15th. BidaskClub lowered shares of American Equity Investment Life Holding from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. FBR & Co lowered 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. Zacks Investment Research lowered shares of American Equity Investment Life Holding from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of American Equity Investment Life Holding in a research report on Wednesday, April 26th. They issued a “market perform” rating and a $26.00 price objective for the company. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $24.38.

In other American Equity Investment Life Holding news, Director Alan David Matula purchased 6,270 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was acquired at an average cost of $23.96 per share, for a total transaction of $150,229.20. Following the purchase, the director now directly owns 13,220 shares of the company’s stock, valued at approximately $316,751.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 4.05% of the company’s stock.

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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