Meeder Asset Management Inc. Increases Stake in American Equity Investment Life Holding (NYSE:AEL)

Meeder Asset Management Inc. increased its position in shares of American Equity Investment Life Holding (NYSE:AEL) by 141.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,577 shares of the financial services provider’s stock after buying an additional 4,434 shares during the period. Meeder Asset Management Inc.’s holdings in American Equity Investment Life were worth $423,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in AEL. Mirae Asset Global Investments Co. Ltd. boosted its holdings in American Equity Investment Life by 3.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,907 shares of the financial services provider’s stock worth $2,004,000 after acquiring an additional 1,282 shares in the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of American Equity Investment Life during the fourth quarter worth about $312,000. Profit Investment Management LLC lifted its holdings in shares of American Equity Investment Life by 5.9% during the fourth quarter. Profit Investment Management LLC now owns 88,544 shares of the financial services provider’s stock worth $4,941,000 after purchasing an additional 4,972 shares during the period. Mutual Advisors LLC acquired a new stake in shares of American Equity Investment Life during the fourth quarter worth about $383,000. Finally, American Century Companies Inc. lifted its holdings in shares of American Equity Investment Life by 48.2% during the third quarter. American Century Companies Inc. now owns 708,859 shares of the financial services provider’s stock worth $38,023,000 after purchasing an additional 230,465 shares during the period. Institutional investors own 94.98% of the company’s stock.

American Equity Investment Life Trading Down 0.1 %

Shares of AEL stock opened at $56.25 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 26.28 and a beta of 0.80. The stock has a 50 day simple moving average of $55.69 and a 200-day simple moving average of $54.98. American Equity Investment Life Holding has a 1-year low of $36.39 and a 1-year high of $56.40.

American Equity Investment Life (NYSE:AEL) last posted its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.99 EPS for the quarter, beating the consensus estimate of $1.75 by $0.24. American Equity Investment Life had a return on equity of 25.15% and a net margin of 7.42%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $673.53 million. During the same period in the prior year, the company earned $1.64 EPS. The firm’s revenue was up 61.7% compared to the same quarter last year. On average, equities research analysts expect that American Equity Investment Life Holding will post 7.11 EPS for the current fiscal year.

American Equity Investment Life Increases Dividend

The business also recently announced an annual dividend, which will be paid on Monday, April 29th. Shareholders of record on Monday, April 15th will be issued a $0.38 dividend. This is a boost from American Equity Investment Life’s previous annual dividend of $0.02. This represents a yield of 0.68%. The ex-dividend date of this dividend is Friday, April 12th.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. StockNews.com assumed coverage on American Equity Investment Life in a report on Monday, March 11th. They set a “hold” rating for the company. Keefe, Bruyette & Woods lifted their price target on American Equity Investment Life from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, American Equity Investment Life presently has a consensus rating of “Hold” and an average target price of $50.00.

American Equity Investment Life Company Profile

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