Strs Ohio owns $1.43 million worth of shares in American Equity Investment Life Holding (NYSE:AEL)


Strs Ohio increased its holdings of shares of American Equity Investment Life Holding (NYSE:AELGet a rating) by 3,154.5% in the 1st quarter, Participation channel reports. The institutional investor held 35,800 shares of the financial services provider after purchasing an additional 34,700 shares during the period. Strs Ohio’s holdings in American Equity Investment Life were worth $1,428,000 when she last filed with the SEC.

A number of other large investors also bought and sold shares of AEL. Byrne Asset Management LLC raised its position in American Equity Investment Life by 95.9% in the first quarter. Byrne Asset Management LLC now owns 960 shares of the financial services provider valued at $38,000 after purchasing an additional 470 shares during the period. Covestor Ltd acquired a new position in American Equity Investment Life during the fourth quarter worth $61,000. RK Asset Management LLC acquired a new position in American Equity Investment Life during the first quarter worth $181,000. Pictet Asset Management SA acquired a new position in American Equity Investment Life in the 4th quarter for a value of approximately $210,000. Finally, Advisor Partners LLC acquired a new position in American Equity Investment Life in Q4 worth approximately $225,000. 95.15% of the shares are currently held by hedge funds and other institutional investors.

Several research analysts have weighed in on AEL shares. Morgan Stanley lowered its target price on American Equity Investment Life from $41.00 to $40.00 and set an “equal weight” rating on the stock in a Wednesday, July 6 research report. Evercore ISI lowered its target price on American Equity Investment Life from $44.00 to $42.00 and set an “outperform” rating on the stock in a Wednesday July 6 research report. Piper Sandler lowered its target price on American Equity Investment Life from $44.00 to $41.00 and set an “overweight” rating on the stock in a research report on Friday July 8. StockNews.com downgraded American Equity Investment Life from a “buy” rating to a “hold” rating in a Friday, May 20 research report. Finally, Credit Suisse Group reiterated an “outperform” rating and set a price target of $43.00 on shares of American Equity Investment Life in a Tuesday, June 28 research note. Three research analysts gave the stock a hold rating and seven gave the company a buy rating. According to data from MarketBeat, American Equity Investment Life currently has a consensus rating of “Moderate Buy” and an average price target of $42.60.

ALE opened at $36.09 on Wednesday. The stock has a 50-day moving average of $37.64 and a 200-day moving average of $39.05. American Equity Investment Life Holding has a 52-week low of $27.12 and a 52-week high of $44.49. The company has a market capitalization of $3.36 billion, a PE ratio of 4.89 and a beta of 1.10. The company has a debt ratio of 0.11, a quick ratio of 0.17 and a current ratio of 0.17.

Investment in American Life equities (NYSE:AELGet a rating) last announced its results on Wednesday, May 4. The financial services provider reported earnings per share of $0.92 for the quarter, missing the consensus estimate 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 for the quarter, versus a consensus estimate of $612.85 million. In the same quarter of the previous year, the company achieved EPS of $0.43. American Equity Investment Life’s revenue for the quarter decreased 84.6% compared to the same quarter last year. On average, research analysts predict that American Equity Investment Life Holding will post 3.91 earnings per share for the current year.

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.

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



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