Stratos Wealth Partners LTD. completes new $241,000 investment in American Equity Investment Life Holding (NYSE:AEL)


Stratos Wealth Partners LTD. acquired a new position in American Equity Investment Life Holding (NYSE:AELGet a rating) in Q1, according to its most recent 13F filing with the Securities & Exchange Commission. The company acquired 6,028 shares of the financial services provider, valued at approximately $241,000.

Other institutional investors and hedge funds also bought and sold shares of the company. West Bancorporation Inc. purchased a new stock position in American Equity Investment Life during the fourth quarter, valued at approximately $22,212,000. Point72 Asset Management LP increased its holdings of American Equity Investment Life shares by 1,183.3% during the fourth quarter. Point72 Asset Management LP now owns 598,010 shares of the financial services provider valued at $23,275,000 after buying an additional 551,410 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stock position in American Equity Investment Life during the fourth quarter, valued at approximately $12,708,000. Lakewood Capital Management LP increased its holdings of American Equity Investment Life shares by 8.5% during the fourth quarter. Lakewood Capital Management LP now owns 1,726,177 shares of the financial services provider valued at $67,183,000 after purchasing an additional 135,227 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its equity stake in American Equity Investment Life by 155.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 139,967 shares of the financial services provider valued at $5,447,000 after buying an additional 85,140 shares in the last quarter. 95.15% of the shares are currently held by hedge funds and other institutional investors.

U.S. equity investment Life trades up 0.6%

NYSE:AEL opened at $34.59 on Tuesday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt ratio of 0.11. American Equity Investment Life Holding has a 12-month low of $27.12 and a 12-month high of $44.49. The company has a market capitalization of $3.22 billion, a PE ratio of 4.68 and a beta of 1.10. The company has a 50-day simple moving average of $37.45 and a two-hundred-day simple moving average of $38.90.

Investment in American Life stocks (NYSE:AELGet a rating) last reported results on Wednesday, May 4. The financial services provider reported EPS of $0.92 for the quarter, missing analyst consensus estimates of $0.95 per ($0.03). American Equity Investment Life achieved a return on equity of 7.26% and a net margin of 26.35%. The company posted revenue of $147.80 million in the quarter, versus a consensus estimate of $612.85 million. During the same period last year, the company posted EPS of $0.43. The company’s revenue for the quarter was down 84.6% year over year. Research analysts expect American Equity Investment Life Holding to post earnings per share of 3.57 for the current year.

Analysts set new price targets

Several research companies have recently published reports on AEL. Morgan Stanley lowered its target price on shares of American Equity Investment Life from $41.00 to $40.00 and set an “equal weight” rating for the company in a Wednesday, July 6 report. Credit Suisse Group reiterated an “outperform” rating and set a target price of $43.00 on shares of American Equity Investment Life in a Tuesday, June 28 report. Keefe, Bruyette & Woods downgraded shares of American Equity Investment Life from an “outperforming” rating to a “market performance” rating and lowered their price target for the company from $43.00 to 41, $00 in a Wednesday July 13 research report. Evercore ISI cut its price target on American Equity Investment Life shares from $44.00 to $42.00 and set an “outperform” rating for the company in a Wednesday, July 6 research report. Finally, Piper Sandler cut her price target on American Equity Investment Life shares from $44.00 to $41.00 and set an “overweight” rating for the company in a Friday, July 8 research report. . Four analysts gave the stock a hold rating and six gave the stock a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

American Equity Investment Life Insurance Company Profile

(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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