Victory Capital Management Inc. sells 18,628 shares of American Equity Investment Life Holding (NYSE:AEL)


Victory Capital Management Inc. reduced its holdings of shares of American Equity Investment Life Holding (NYSE:AELGet a rating) by 38.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund held 29,454 shares of the financial services provider after selling 18,628 shares during the period. Victory Capital Management Inc.’s holdings in American Equity Investment Life were worth $1,111,000 at the end of the most recent reporting period.

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

Life Price Performance of US Equity Investments

Shares of Investing in American stocks Life stocks opened at $41.54 on Tuesday. American Equity Investment Life Holding has a one-year low of $27.12 and a one-year high of $44.49. The stock’s fifty-day moving average is $37.32 and its 200-day moving average is $38.40. The stock has a market capitalization of $3.64 billion, a P/E ratio of 3.51 and a beta of 1.06. The company has a debt ratio of 0.15, a quick ratio of 0.16 and a current ratio of 0.16.

Investment in American Life stocks (NYSE:AELGet a rating) last announced its results on Monday, August 8. The financial services provider reported EPS of $0.98 for the quarter, beating analyst consensus estimates of $0.71 by $0.27. The company posted revenue of $121.40 million for the quarter, compared to $628.20 million expected by analysts. American Equity Investment Life achieved a return on equity of 8.22% and a net margin of 61.05%. American Equity Investment Life’s revenue for the quarter was down 88.7% from the same quarter last year. During the same period last year, the company achieved EPS of $0.98. Sell-side analysts expect American Equity Investment Life Holding to post earnings per share of 3.71 for the current year.

Wall Street analysts predict growth

Several analysts have recently weighed in on AEL shares. StockNews.com downgraded American Equity Investment Life from a “buy” rating to a “hold” rating in a Friday, May 20 research note. Piper Sandler lowered its price target on 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 upgraded 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 report from Wednesday, July 13. Credit Suisse Group downgraded 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 22 report. July. Finally, Evercore ISI upgraded American Equity Investment Life from an “outperform” rating to an “in line” rating and raised its price target for the company from $42.00 to $44.00 in a published report. Monday. They noted that the move was a review call. Six analysts gave the stock a hold rating and four gave the stock a buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $43.30.

Insider Buying and Selling at American Equity Investment Life

In other news from American Equity Investment Life, EVP Jeffrey D. Lorenzen sold 25,000 shares of the company in a transaction dated Tuesday, August 9. The stock was sold at an average price of $40.00, for a total transaction of $1,000,000.00. Following the sale, the executive vice president now directly owns 36,439 shares of the company, valued at $1,457,560. The transaction was disclosed in a legal filing with the SEC, which is available via this hyperlink. Insiders own 1.59% of the shares of the company.

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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