Chartwell Investment Partners LLC Has $16.06 Million Holdings in American Equity Investment Life Holding Company (AEL)

Chartwell Investment Partners LLC decreased its position in American Equity Investment Life Holding Company (NYSE:AEL) by 22.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 552,233 shares of the financial services provider’s stock after selling 161,549 shares during the quarter. Chartwell Investment Partners LLC owned approximately 0.62% of American Equity Investment Life Holding worth $16,058,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AEL. Wellington Management Group LLP increased its position in shares of American Equity Investment Life Holding by 57.0% during the first quarter. Wellington Management Group LLP now owns 26,580 shares of the financial services provider’s stock valued at $628,000 after buying an additional 9,647 shares during the period. Renaissance Technologies LLC purchased a new position in shares of American Equity Investment Life Holding during the first quarter valued at about $539,000. AQR Capital Management LLC increased its position in shares of American Equity Investment Life Holding by 45.5% during the first quarter. AQR Capital Management LLC now owns 54,221 shares of the financial services provider’s stock valued at $1,281,000 after buying an additional 16,968 shares during the period. Credit Suisse AG increased its position in shares of American Equity Investment Life Holding by 6.4% during the first quarter. Credit Suisse AG now owns 111,859 shares of the financial services provider’s stock valued at $2,643,000 after buying an additional 6,762 shares during the period. Finally, Bank of Montreal Can increased its position in shares of American Equity Investment Life Holding by 51.1% during the second quarter. Bank of Montreal Can now owns 227,979 shares of the financial services provider’s stock valued at $5,991,000 after buying an additional 77,127 shares during the period. Institutional investors own 91.55% of the company’s stock.

Several equities analysts recently issued reports on AEL shares. ValuEngine upgraded shares of American Equity Investment Life Holding from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Royal Bank Of Canada reiterated a “buy” rating and set a $30.00 price target on shares of American Equity Investment Life Holding in a research report on Tuesday, October 10th. Goldman Sachs Group, Inc. (The) started coverage on shares of American Equity Investment Life Holding in a research report on Wednesday, October 18th. They set a “neutral” rating and a $29.00 price target on the stock. BidaskClub cut shares of American Equity Investment Life Holding from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, B. Riley reiterated a “neutral” rating on shares of American Equity Investment Life Holding in a research report on Monday, November 6th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $27.63.

American Equity Investment Life Holding Company (NYSE AEL) traded up $0.04 during trading hours on Monday, reaching $29.66. 136,981 shares of the company traded hands, compared to its average volume of 563,379. American Equity Investment Life Holding Company has a 1-year low of $20.22 and a 1-year high of $31.05. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.12 and a quick ratio of 0.12. The company has a market capitalization of $2,639.78, a price-to-earnings ratio of 10.01 and a beta of 2.54.

American Equity Investment Life Holding (NYSE:AEL) last posted its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.63 by $0.33. American Equity Investment Life Holding had a net margin of 7.90% and a return on equity of 10.50%. The business had revenue of $906.00 million for the quarter, compared to analyst estimates of $615.75 million. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. American Equity Investment Life Holding’s quarterly revenue was up 43.8% on a year-over-year basis. analysts anticipate that American Equity Investment Life Holding Company will post 2.99 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Chartwell Investment Partners LLC Has $16.06 Million Holdings in American Equity Investment Life Holding Company (AEL)” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another publication, it was stolen and reposted in violation of US and international copyright & trademark laws. The original version of this report can be viewed at https://ledgergazette.com/2017/11/20/chartwell-investment-partners-llc-has-16-06-million-holdings-in-american-equity-investment-life-holding-company-ael.html.

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.

Want to see what other hedge funds are holding AEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Equity Investment Life Holding Company (NYSE:AEL).

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

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

Leave a Reply