IndexIQ Advisors LLC buys shares of 10,191 US stocks Investment Life Holding (NYSE:AEL)


IndexIQ Advisors LLC has acquired a new stake in the shares of American Equity Investment Life Holding (NYSE:AELGet a rating) during the first quarter, according to the company in its latest 13F filing with the SEC. The institutional investor purchased 10,191 shares of the financial services provider, valued at approximately $407,000.

Other hedge funds also bought and sold shares of the company. SG Americas Securities LLC increased its stake in American Equity Investment Life by 1,051.3% in the 1st quarter. SG Americas Securities LLC now owns 34,941 shares of the financial services provider valued at $1,394,000 after buying 31,906 additional shares last quarter. Credit Suisse AG increased its stake in American Equity Investment Life by 63.3% during the 4th quarter. Credit Suisse AG now owns 117,670 shares of the financial services provider valued at $4,580,000 after buying an additional 45,595 shares last quarter. Counterpoint Mutual Funds LLC acquired a new position in American Equity Investment Life during Q1 worth approximately $65,000. First Trust Advisors LP increased its stake in American Equity Investment Life by 5.7% during the fourth quarter. First Trust Advisors LP now owns 153,928 shares of the financial services provider valued at $5,991,000 after buying an additional 8,351 shares in the last quarter. Finally, Easterly Investment Partners LLC increased its stake in American Equity Investment Life shares by 16.8% in the 4th quarter. Easterly Investment Partners LLC now owns 271,120 shares of the financial services provider valued at $10,552,000 after acquiring an additional 39,074 shares in the last quarter. Institutional investors and hedge funds own 95.15% of the company’s shares.

Investing in U.S. Stocks Return on Life Stocks

Shares of NYSE AEL opened at $36.12 on Monday. The company has a debt ratio of 0.11, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market capitalization of $3.36 billion, a PE ratio of 4.89 and a beta of 1.06. American Equity Investment Life Holding has a 1-year low of $27.12 and a 1-year high of $44.49. The company’s fifty-day moving average price is $37.29 and its 200-day moving average price is $38.37.

Analysts set new price targets

Several analysts have recently commented on AEL’s actions. Credit Suisse Group downgraded shares of American Equity Investment Life from an “outperform” rating to a “neutral” rating and lowered its price target for the company from $43.00 to $38.00 in a Friday, July 22 report. Piper Sandler lowered its price target on shares of American Equity Investment Life from $44.00 to $41.00 and set an “overweight” rating on the stock in a Friday July 8 report. Keefe, Bruyette & Woods downgraded shares of American Equity Investment Life from an “outperform” rating to a “market performer” rating and lowered their price target for the company from $43.00 to 41, $00 in a Wednesday July 13 report. Morgan Stanley lowered its price target on shares of American Equity Investment Life from $41.00 to $40.00 and set an “equal weight” rating on the stock in a Wednesday, July 6 report. Finally, Evercore ISI lowered its price target on American Equity Investment Life shares from $44.00 to $42.00 and set an “outperform” rating on the stock in a Wednesday, July 6 report. Five investment analysts gave the stock a hold rating and five gave the stock a buy rating. According to MarketBeat, American Equity Investment Life has an average rating of “Moderate Buy” and an average price target of $42.00.

About American Equity Investment Life

(Get a rating)

American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products in the United States. The company issues index and fixed rate annuities, as well as single premium immediate annuities. It markets its products through independent agents, including independent marketing organizations, broker/dealers, banks and registered investment advisers.

Featured articles

Want to see which other hedge funds hold AEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for American Equity Investment Life Holding (NYSE:AELGet a rating).

Institutional ownership by quarter for American Equity Investment Life (NYSE:AEL)



Get news and reviews for American Equity Investment Life Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst notes for American Equity Investment Life and related companies with MarketBeat.com’s FREE daily email newsletter.

Comments are closed.