American Equity Investment Life Holding Company (AEL) Stake Raised by Sterling Capital Management LLC

Sterling Capital Management LLC increased its holdings in American Equity Investment Life Holding Company (NYSE:AEL) by 8.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,897 shares of the financial services provider’s stock after purchasing an additional 4,418 shares during the period. Sterling Capital Management LLC owned 0.07% of American Equity Investment Life Holding worth $1,548,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AEL. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of American Equity Investment Life Holding by 11.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,948 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 414 shares during the period. Riverhead Capital Management LLC grew its position in shares of American Equity Investment Life Holding by 79.5% in the second quarter. Riverhead Capital Management LLC now owns 5,026 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 2,226 shares during the period. Meeder Asset Management Inc. grew its position in shares of American Equity Investment Life Holding by 90.3% in the second quarter. Meeder Asset Management Inc. now owns 5,115 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 2,427 shares during the period. C M Bidwell & Associates Ltd. purchased a new stake in shares of American Equity Investment Life Holding in the second quarter valued at $174,000. Finally, Invictus RG purchased a new stake in shares of American Equity Investment Life Holding in the first quarter valued at $182,000. 93.28% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently commented on AEL. Goldman Sachs Group, Inc. (The) began coverage on American Equity Investment Life Holding in a research report on Wednesday. They issued a “neutral” rating and a $29.00 price objective for the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $30.00 price objective on shares of American Equity Investment Life Holding in a research report on Tuesday, October 10th. Zacks Investment Research raised American Equity Investment Life Holding from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Tuesday, August 8th. TheStreet raised American Equity Investment Life Holding from a “c+” rating to a “b” rating in a research report on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $28.00 price objective on shares of American Equity Investment Life Holding in a research report on Wednesday, August 16th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $26.38.

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American Equity Investment Life Holding Company (AEL) opened at 30.00 on Friday. The firm has a market cap of $2.67 billion, a PE ratio of 13.82 and a beta of 2.52. The company has a 50-day moving average price of $28.52 and a 200-day moving average price of $26.34. American Equity Investment Life Holding Company has a one year low of $15.39 and a one year high of $30.25.

American Equity Investment Life Holding (NYSE:AEL) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.12. American Equity Investment Life Holding had a net margin of 6.48% and a return on equity of 6.84%. The business had revenue of $819.10 million for the quarter, compared to the consensus estimate of $531.83 million. During the same period in the prior year, the business posted $0.60 earnings per share. American Equity Investment Life Holding’s revenue for the quarter was up 49.0% compared to the same quarter last year. Equities analysts predict that American Equity Investment Life Holding Comp

Several other large investors have also made changes to their positions in AEL. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of American Equity Investment Life Holding by 11.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,948 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 414 shares during the period. Riverhead Capital Management LLC grew its position in shares of American Equity Investment Life Holding by 79.5% in the second quarter. Riverhead Capital Management LLC now owns 5,026 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 2,226 shares during the period. Meeder Asset Management Inc. grew its position in shares of American Equity Investment Life Holding by 90.3% in the second quarter. Meeder Asset Management Inc. now owns 5,115 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 2,427 shares during the period. C M Bidwell & Associates Ltd. purchased a new stake in shares of American Equity Investment Life Holding in the second quarter valued at $174,000. Finally, Invictus RG purchased a new stake in shares of American Equity Investment Life Holding in the first quarter valued at $182,000. 93.28% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently commented on AEL. Goldman Sachs Group, Inc. (The) began coverage on American Equity Investment Life Holding in a research report on Wednesday. They issued a “neutral” rating and a $29.00 price objective for the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $30.00 price objective on shares of American Equity Investment Life Holding in a research report on Tuesday, October 10th. Zacks Investment Research raised American Equity Investment Life Holding from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Tuesday, August 8th. TheStreet raised American Equity Investment Life Holding from a “c+” rating to a “b” rating in a research report on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $28.00 price objective on shares of American Equity Investment Life Holding in a research report on Wednesday, August 16th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $26.38.

ILLEGAL ACTIVITY NOTICE: This piece was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The correct version of this piece can be accessed at https://ledgergazette.com/2017/10/20/american-equity-investment-life-holding-company-ael-stake-raised-by-sterling-capital-management-llc.html.

American Equity Investment Life Holding Company (AEL) opened at 30.00 on Friday. The firm has a market cap of $2.67 billion, a PE ratio of 13.82 and a beta of 2.52. The company has a 50-day moving average price of $28.52 and a 200-day moving average price of $26.34. American Equity Investment Life Holding Company has a one year low of $15.39 and a one year high of $30.25.

American Equity Investment Life Holding (NYSE:AEL) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.12. American Equity Investment Life Holding had a net margin of 6.48% and a return on equity of 6.84%. The business had revenue of $819.10 million for the quarter, compared to the consensus estimate of $531.83 million. During the same period in the prior year, the business posted $0.60 earnings per share. American Equity Investment Life Holding’s revenue for the quarter was up 49.0% compared to the same quarter last year. Equities analysts predict 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.

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

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