UBS Group AG reduced its position in shares of American Equity Investment Life Holding Company (NYSE:AEL) by 73.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,562 shares of the financial services provider’s stock after selling 15,654 shares during the period. UBS Group AG’s holdings in American Equity Investment Life Holding were worth $132,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in AEL. Elkfork Partners LLC boosted its position in shares of 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 boosted its position in shares of 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 acquired a new position in shares of American Equity Investment Life Holding during the first quarter worth $144,000. Ameritas Investment Partners Inc. acquired a new position in shares of American Equity Investment Life Holding during the first quarter worth $175,000. Finally, 1st Global Advisors Inc. acquired a new position in shares of American Equity Investment Life Holding during the first quarter worth $206,000. Hedge funds and other institutional investors own 93.25% of the company’s stock.

American Equity Investment Life Holding Company (AEL) traded up 1.17% during mid-day trading on Friday, reaching $27.74. 676,837 shares of the company traded hands. American Equity Investment Life Holding Company has a 52-week low of $15.39 and a 52-week high of $28.32. The stock has a 50 day moving average price of $27.03 and a 200-day moving average price of $25.31. The company has a market capitalization of $2.47 billion, a P/E ratio of 12.78 and a beta of 2.49.

American Equity Investment Life Holding (NYSE:AEL) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.59 by $0.12. The firm had revenue of $819.10 million during the quarter, compared to analysts’ expectations of $531.83 million. American Equity Investment Life Holding had a return on equity of 6.84% and a net margin of 6.48%. American Equity Investment Life Holding’s quarterly revenue was up 49.0% compared to the same quarter last year. During the same period last year, the business earned $0.60 earnings per share. Analysts expect that American Equity Investment Life Holding Company will post $2.62 EPS for the current fiscal year.

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AEL has been the topic of a number of recent research reports. TheStreet raised shares of American Equity Investment Life Holding from a “c+” rating to a “b” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of American Equity Investment Life Holding from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Tuesday. BidaskClub cut shares of American Equity Investment Life Holding from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Royal Bank Of Canada reissued a “buy” rating and set a $28.00 target price on shares of American Equity Investment Life Holding in a research report on Monday, May 22nd. Finally, FBR & Co cut shares of American Equity Investment Life Holding from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $30.00 to $26.00 in a research report on Wednesday, June 7th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. American Equity Investment Life Holding currently has a consensus rating of “Hold” and a consensus price target of $25.00.

In other news, Director Alan David Matula bought 6,270 shares of American Equity Investment Life Holding stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average cost of $23.96 per share, with a total value of $150,229.20. Following the completion of the transaction, the director now directly owns 13,220 shares in the company, valued at $316,751.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.05% of the stock is owned by company insiders.

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.

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

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