Royce & Associates LP sells 28,092 shares of American Equity Investment Life Holding (NYSE:AEL)


Royce & Associates LP reduced its stake in the shares of American Equity Investment Life Holding (NYSE:AELGet a rating) by 37.9% in the first quarter, according to its last disclosure to the Securities & Exchange Commission. The company held 46,006 shares of the financial services provider after selling 28,092 shares during the quarter. Royce & Associates LP’s holdings in American Equity Investment Life were worth $1,836,000 at the end of the last quarter.

A number of other large investors have also recently increased or reduced their stake in AEL. Byrne Asset Management LLC increased its holdings of American Equity Investment Life shares by 95.9% in the first quarter. Byrne Asset Management LLC now owns 960 shares of the financial services provider worth $38,000 after buying an additional 470 shares in the last quarter. Strs Ohio acquired a new stock position in American Equity Investment Life during the fourth quarter worth approximately $42,000. Covestor Ltd acquired a new position in shares of American Equity Investment Life during the fourth quarter worth approximately $61,000. Counterpoint Mutual Funds LLC acquired a new position in shares of American Equity Investment Life during the first quarter worth approximately $65,000. Finally, RK Asset Management LLC acquired a new position in shares of American Equity Investment Life during the first quarter worth approximately $181,000. Institutional investors hold 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 Friday. The company’s fifty-day moving average price is $37.29 and its two-hundred-day moving average price is $38.41. American Equity Investment Life Holding has a fifty-two week low of $27.12 and a fifty-two week high of $44.49. The stock has a market capitalization of $3.36 billion, a price-earnings ratio of 4.89 and a beta of 1.06. The company has a debt ratio of 0.11, a current ratio of 0.17 and a quick ratio of 0.17.

Investment in American Life stocks (NYSE:AELGet a rating) last announced its quarterly results on Wednesday, May 4. The financial services provider reported earnings per share of $0.92 for the quarter, missing analyst consensus estimates of $0.95 per ($0.03). American Equity Investment Life posted a net margin of 26.35% and a return on equity of 7.26%. The company posted revenue of $147.80 million in the quarter, versus a consensus estimate of $612.85 million. In the same quarter last year, the company earned $0.43 per share. The company’s revenue was down 84.6% year over year. As a group, analysts expect American Equity Investment Life Holding to post EPS of 3.52 for the current fiscal year.

A Wall Street analyst gives his opinion

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods downgraded American Equity Investment Life from an “outperform” rating to a “market performer” rating and reduced their price target for the stock from $43.00 to $41.00 in a report from Wednesday, July 13. Morgan Stanley cut its target price on American Equity Investment Life from $41.00 to $40.00 and set an “equal weight” rating for the company in a Wednesday, July 6 research note. Credit Suisse Group downgraded American Equity Investment Life from an ‘outperform’ rating to a ‘neutral’ rating and cut its target price for the company from $43.00 to $38.00 in a Friday research note 22nd of July. Evercore ISI reduced its target price on American Equity Investment Life from $44.00 to $42.00 and set an “outperform” rating for the company in a Wednesday July 6 research note. To finish, StockNews.com downgraded American Equity Investment Life from a “buy” rating to a “hold” rating in a Friday, May 20 research note. Five investment analysts gave the stock a hold rating and five gave the stock a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.00.

Life profile of US equity investments

(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.

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



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