New Amsterdam Partners LLC NY increased its stake in shares of American Equity Investment Life Holding Company (NYSE:AEL) by 52.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 255,244 shares of the financial services provider’s stock after buying an additional 88,052 shares during the period. American Equity Investment Life Holding makes up approximately 1.4% of New Amsterdam Partners LLC NY’s investment portfolio, making the stock its 26th largest position. New Amsterdam Partners LLC NY’s holdings in American Equity Investment Life Holding were worth $6,708,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Louisiana State Employees Retirement System boosted its stake in shares of American Equity Investment Life Holding by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 36,100 shares of the financial services provider’s stock valued at $949,000 after buying an additional 100 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of American Equity Investment Life Holding by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 9,790 shares of the financial services provider’s stock valued at $231,000 after buying an additional 270 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of American Equity Investment Life Holding by 1.4% in the first quarter. Municipal Employees Retirement System of Michigan now owns 20,130 shares of the financial services provider’s stock valued at $476,000 after buying an additional 270 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of American Equity Investment Life Holding by 0.7% in the second quarter. Arizona State Retirement System now owns 46,316 shares of the financial services provider’s stock valued at $1,217,000 after buying an additional 300 shares in the last quarter. Finally, Elkfork Partners LLC boosted its stake 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 valued at $107,000 after buying an additional 448 shares in the last quarter. Institutional investors own 93.25% of the company’s stock.

Shares of American Equity Investment Life Holding Company (NYSE AEL) opened at 27.74 on Friday. The stock has a market cap of $2.47 billion, a PE ratio of 12.78 and a beta of 2.49. American Equity Investment Life Holding Company has a 12-month low of $15.39 and a 12-month high of $28.32. The firm has a 50-day moving average price of $27.03 and a 200 day moving average price of $25.31.

American Equity Investment Life Holding (NYSE:AEL) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.12. The firm had revenue of $819.10 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share. Equities research analysts expect that American Equity Investment Life Holding Company will post $2.62 earnings per share for the current year.

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Several brokerages recently weighed in on AEL. BidaskClub upgraded American Equity Investment Life Holding from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 11th. Zacks Investment Research cut American Equity Investment Life Holding from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Royal Bank Of Canada restated a “buy” rating and set a $28.00 target price on shares of American Equity Investment Life Holding in a report on Monday, May 22nd. TheStreet cut American Equity Investment Life Holding from a “b-” rating to a “c+” rating in a report on Monday, May 15th. Finally, FBR & Co cut American Equity Investment Life Holding from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $30.00 to $26.00 in a report on Wednesday, June 7th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $25.00.

In other news, Director Alan David Matula purchased 6,270 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average price of $23.96 per share, for a total transaction of $150,229.20. Following the completion of the acquisition, the director now owns 13,220 shares of the company’s stock, valued at $316,751.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.05% of the stock is currently owned by 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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