Latest Stocks: American Equity Investment Life Holding (AEL) Position Maintained by Public Employees Retirement Association of Colorado

Latest Stocks: American Equity Investment Life Holding (AEL) Position Maintained by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado maintained its stake in shares of American Equity Investment Life Holding (NYSE:AEL) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,894 shares of the financial services provider’s stock at the end of the first quarter. Public Employees Retirement Association of Colorado’s holdings in American Equity Investment Life Holding were worth $470,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System raised its stake in shares of American Equity Investment Life Holding by 18.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 77,428 shares of the financial services provider’s stock worth $1,830,000 after buying an additional 11,890 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of American Equity Investment Life Holding by 6.6% in the first quarter. Great West Life Assurance Co. Can now owns 121,830 shares of the financial services provider’s stock worth $2,878,000 after buying an additional 7,593 shares in the last quarter. Hillcrest Asset Management LLC raised its stake in shares of American Equity Investment Life Holding by 7.9% in the first quarter. Hillcrest Asset Management LLC now owns 337,189 shares of the financial services provider’s stock worth $7,968,000 after buying an additional 24,810 shares in the last quarter. Strs Ohio bought a new stake in shares of American Equity Investment Life Holding during the first quarter worth approximately $1,155,000. Finally, Profit Investment Management LLC raised its stake in shares of American Equity Investment Life Holding by 34.1% in the first quarter. Profit Investment Management LLC now owns 78,003 shares of the financial services provider’s stock worth $1,843,000 after buying an additional 19,837 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Shares of American Equity Investment Life Holding (AEL) opened at 25.00 on Tuesday. The company’s 50-day moving average is $24.23 and its 200 day moving average is $23.97. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 12.04 and a beta of 2.36. American Equity Investment Life Holding has a 12 month low of $13.07 and a 12 month high of $28.00.

American Equity Investment Life Holding (NYSE:AEL) last issued its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.08. American Equity Investment Life Holding had a net margin of 3.75% and a return on equity of 4.79%. The company had revenue of $927.30 million for the quarter, compared to the consensus estimate of $532.31 million. During the same quarter in the prior year, the company earned $0.25 EPS. American Equity Investment Life Holding’s quarterly revenue was up 122.1% on a year-over-year basis. On average, equities research analysts anticipate that American Equity Investment Life Holding will post $2.48 earnings per share for the current year.

A number of brokerages have recently commented on AEL. Royal Bank of Canada reiterated a “buy” rating and issued a $28.00 price target on shares of American Equity Investment Life Holding in a research note on Monday, May 22nd. TheStreet lowered shares of American Equity Investment Life Holding from a “b-” rating to a “c+” rating in a research note on Monday, May 15th. Keefe, Bruyette & Woods started coverage on shares of American Equity Investment Life Holding in a research report on Wednesday, April 26th. They set a “market perform” rating and a $26.00 target price for the company. Finally, FBR & Co boosted their target price on shares of American Equity Investment Life Holding from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, February 13th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $24.63.

In other American Equity Investment Life Holding news, Director Alan David Matula purchased 6,270 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were bought at an average price of $23.96 per share, for a total transaction of $150,229.20. Following the acquisition, the director now owns 13,220 shares in the company, valued at $316,751.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.43% of the stock is currently owned by corporate insiders. About American Equity Investment Life Holding

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 (NYSE:AEL). Receive News & Ratings for American Equity Investment Life Holding 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 and related companies with MarketBeat.com’s FREE daily email newsletter.

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