ARP Americas LP Makes New $284,000 Investment in American Equity Investment Life Holding (NYSE:AEL)

ARP Americas LP acquired a new position in American Equity Investment Life Holding (NYSE:AEL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,500 shares of the financial services provider’s stock, valued at approximately $284,000.

Several other institutional investors also recently bought and sold shares of the company. Chartwell Investment Partners LLC raised its stake in shares of American Equity Investment Life by 3.9% during the second quarter. Chartwell Investment Partners LLC now owns 448,768 shares of the financial services provider’s stock valued at $11,089,000 after acquiring an additional 16,813 shares in the last quarter. Sciencast Management LP bought a new stake in shares of American Equity Investment Life during the second quarter valued at approximately $562,000. PhiloSmith Capital Corp raised its stake in shares of American Equity Investment Life by 4.3% during the second quarter. PhiloSmith Capital Corp now owns 362,600 shares of the financial services provider’s stock valued at $8,959,000 after acquiring an additional 15,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of American Equity Investment Life by 22.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,950 shares of the financial services provider’s stock valued at $221,000 after acquiring an additional 1,626 shares in the last quarter. Finally, James Investment Research Inc. raised its stake in shares of American Equity Investment Life by 7.4% during the second quarter. James Investment Research Inc. now owns 40,907 shares of the financial services provider’s stock valued at $1,011,000 after acquiring an additional 2,805 shares in the last quarter. 94.88% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on AEL shares. B. Riley lifted their price objective on shares of American Equity Investment Life from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Zacks Investment Research lowered shares of American Equity Investment Life from a “hold” rating to a “sell” rating and set a $28.00 price objective on the stock. in a report on Tuesday, July 21st. SunTrust Banks cut their price objective on shares of American Equity Investment Life from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Piper Sandler lowered shares of American Equity Investment Life from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $27.00 to $25.00 in a report on Thursday, July 2nd. Finally, Raymond James cut their price objective on shares of American Equity Investment Life from $36.00 to $29.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. American Equity Investment Life has a consensus rating of “Hold” and a consensus target price of $25.71.

NYSE AEL traded up $0.07 on Friday, hitting $25.45. The stock had a trading volume of 446,348 shares, compared to its average volume of 640,337. The business’s fifty day moving average price is $23.77 and its 200 day moving average price is $23.16. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.12 and a quick ratio of 0.12. American Equity Investment Life Holding has a 52-week low of $9.07 and a 52-week high of $34.16. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 4.56 and a beta of 1.79.

American Equity Investment Life (NYSE:AEL) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.52. American Equity Investment Life had a net margin of 7.10% and a return on equity of 15.77%. The business had revenue of $573.32 million during the quarter, compared to the consensus estimate of $588.99 million. During the same period in the previous year, the firm posted $0.97 earnings per share. As a group, sell-side analysts anticipate that American Equity Investment Life Holding will post 4.97 EPS for the current year.

American Equity Investment Life Profile

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

Read More: Initial Public Offering (IPO)

Institutional Ownership by Quarter for American Equity Investment Life (NYSE:AEL)

Receive News & Ratings for American Equity Investment Life Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Equity Investment Life and related companies with MarketBeat.com's FREE daily email newsletter.