UBS Asset Management Americas Inc. Cuts Stake in American Equity Investment Life Holding Company (AEL)

UBS Asset Management Americas Inc. lessened its stake in shares of American Equity Investment Life Holding Company (NYSE:AEL) by 12.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 62,952 shares of the financial services provider’s stock after selling 8,950 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.07% of American Equity Investment Life Holding worth $1,654,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Louisiana State Employees Retirement System increased its position in American Equity Investment Life Holding by 0.3% during the second quarter. Louisiana State Employees Retirement System now owns 36,100 shares of the financial services provider’s stock worth $949,000 after acquiring an additional 100 shares during the period. Oppenheimer Asset Management Inc. increased its position in American Equity Investment Life Holding by 0.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 58,576 shares of the financial services provider’s stock worth $1,539,000 after acquiring an additional 197 shares during the period. Amalgamated Bank increased its position in American Equity Investment Life Holding by 1.8% during the second quarter. Amalgamated Bank now owns 11,832 shares of the financial services provider’s stock worth $311,000 after acquiring an additional 211 shares during the period. Municipal Employees Retirement System of Michigan increased its position in American Equity Investment Life Holding by 1.4% during the first quarter. Municipal Employees Retirement System of Michigan now owns 20,130 shares of the financial services provider’s stock worth $476,000 after acquiring an additional 270 shares during the period. Finally, Arizona State Retirement System increased its position in American Equity Investment Life Holding by 0.7% during the second quarter. Arizona State Retirement System now owns 46,316 shares of the financial services provider’s stock worth $1,217,000 after acquiring an additional 300 shares during the period. Institutional investors own 93.28% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This report was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/18/ubs-asset-management-americas-inc-cuts-stake-in-american-equity-investment-life-holding-company-ael.html.

AEL has been the topic of a number of recent research reports. Royal Bank Of Canada raised their price target on shares of American Equity Investment Life Holding from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. BidaskClub raised shares of American Equity Investment Life Holding from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Zacks Investment Research lowered shares of American Equity Investment Life Holding from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. ValuEngine raised shares of American Equity Investment Life Holding from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $28.00 price target on shares of American Equity Investment Life Holding in a research report on Wednesday, August 16th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. American Equity Investment Life Holding has an average rating of “Buy” and a consensus target price of $26.00.

American Equity Investment Life Holding Company (NYSE AEL) opened at 29.87 on Wednesday. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 13.76 and a beta of 2.52. The company’s 50-day moving average is $28.29 and its 200-day moving average is $26.19. American Equity Investment Life Holding Company has a 52-week low of $15.39 and a 52-week high of $30.51.

American Equity Investment Life Holding (NYSE:AEL) last releas

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Louisiana State Employees Retirement System increased its position in American Equity Investment Life Holding by 0.3% during the second quarter. Louisiana State Employees Retirement System now owns 36,100 shares of the financial services provider’s stock worth $949,000 after acquiring an additional 100 shares during the period. Oppenheimer Asset Management Inc. increased its position in American Equity Investment Life Holding by 0.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 58,576 shares of the financial services provider’s stock worth $1,539,000 after acquiring an additional 197 shares during the period. Amalgamated Bank increased its position in American Equity Investment Life Holding by 1.8% during the second quarter. Amalgamated Bank now owns 11,832 shares of the financial services provider’s stock worth $311,000 after acquiring an additional 211 shares during the period. Municipal Employees Retirement System of Michigan increased its position in American Equity Investment Life Holding by 1.4% during the first quarter. Municipal Employees Retirement System of Michigan now owns 20,130 shares of the financial services provider’s stock worth $476,000 after acquiring an additional 270 shares during the period. Finally, Arizona State Retirement System increased its position in American Equity Investment Life Holding by 0.7% during the second quarter. Arizona State Retirement System now owns 46,316 shares of the financial services provider’s stock worth $1,217,000 after acquiring an additional 300 shares during the period. Institutional investors own 93.28% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This report was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/18/ubs-asset-management-americas-inc-cuts-stake-in-american-equity-investment-life-holding-company-ael.html.

AEL has been the topic of a number of recent research reports. Royal Bank Of Canada raised their price target on shares of American Equity Investment Life Holding from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. BidaskClub raised shares of American Equity Investment Life Holding from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Zacks Investment Research lowered shares of American Equity Investment Life Holding from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. ValuEngine raised shares of American Equity Investment Life Holding from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $28.00 price target on shares of American Equity Investment Life Holding in a research report on Wednesday, August 16th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. American Equity Investment Life Holding has an average rating of “Buy” and a consensus target price of $26.00.

American Equity Investment Life Holding Company (NYSE AEL) opened at 29.87 on Wednesday. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 13.76 and a beta of 2.52. The company’s 50-day moving average is $28.29 and its 200-day moving average is $26.19. American Equity Investment Life Holding Company has a 52-week low of $15.39 and a 52-week high of $30.51.

American Equity Investment Life Holding (NYSE:AEL) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.12. The business had revenue of $819.10 million for the quarter, compared to the consensus estimate of $531.83 million. American Equity Investment Life Holding had a net margin of 6.48% and a return on equity of 6.84%. The company’s revenue was up 49.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. On average, analysts expect that American Equity Investment Life Holding Company will post $2.63 earnings per share for the current fiscal year.

American Equity Investment Life Holding Company Profile

American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. The Company issues fixed annuity and life insurance products through its life insurance subsidiaries, American Equity Investment Life Insurance Company, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company.

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

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